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Registration number: 01303146

Robert Lickley Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Robert Lickley Holdings Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Robert Lickley Holdings Limited

Company Information

Directors

R J Lickley

N J Lickley

Company secretary

A S Winwood

Registered office

Dormston Trading Estate
Burton Road
Dudley
West Midlands
DY1 2UF

Accountants

Bissell & Brown Midlands Ltd
Chartered Certified Accountants
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Robert Lickley Holdings Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Robert Lickley Holdings Limited for the year ended 31 August 2024 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Robert Lickley Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 25 October 2021. Our work has been undertaken solely to prepare for your approval the accounts of Robert Lickley Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Robert Lickley Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Robert Lickley Holdings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Robert Lickley Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Robert Lickley Holdings Limited. You consider that Robert Lickley Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Robert Lickley Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Bissell & Brown Midlands Ltd
Chartered Certified Accountants
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ

14 February 2025

 

Robert Lickley Holdings Limited

(Registration number: 01303146)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,451,091

1,448,405

Investments

6

1,602

1,602

 

1,452,693

1,450,007

Current assets

 

Debtors

7

1,012,639

1,378,358

Cash at bank and in hand

 

1,100,038

868,304

 

2,112,677

2,246,662

Creditors: Amounts falling due within one year

8

(471,196)

(631,410)

Net current assets

 

1,641,481

1,615,252

Total assets less current liabilities

 

3,094,174

3,065,259

Provisions for liabilities

(34,385)

(36,430)

Net assets

 

3,059,789

3,028,829

Capital and reserves

 

Called up share capital

10

1,400

1,400

Capital redemption reserve

100

100

Retained earnings

3,058,289

3,027,329

Shareholders' funds

 

3,059,789

3,028,829

 

Robert Lickley Holdings Limited

(Registration number: 01303146)
Balance Sheet as at 31 August 2024 (continued)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the directors' report and the Profit and Loss Account.

Approved and authorised by the Board on 14 February 2025 and signed on its behalf by:
 

.........................................
R J Lickley
Director

 

Robert Lickley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Dormston Trading Estate
Burton Road
Dudley
West Midlands
DY1 2UF

These financial statements were authorised for issue by the Board on 14 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise of a small group.

Revenue recognition

The turnover shown in the profit and loss account represents the amount receivable, exclusive of value added tax, returns, rebates and discounts and recognised as follows:

Professional services

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Robert Lickley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred corporation tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

15% reducing balance

Fixtures, fittings & equipment

20% reducing balance & 25% straight line

Motor vehicles

25%-33% reducing balance

Land & buildings

Land & buildings is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Robert Lickley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 4).

 

Robert Lickley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

92,026

75,687

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery, etc
£

Total
£

Cost or valuation

At 1 September 2023

1,606,009

143,093

135,986

1,013,077

2,898,165

Additions

-

8,674

100,004

3,131

111,809

Disposals

-

-

(85,230)

(11,950)

(97,180)

At 31 August 2024

1,606,009

151,767

150,760

1,004,258

2,912,794

Depreciation

At 1 September 2023

382,694

137,533

92,935

836,598

1,449,760

Charge for the year

19,125

3,427

42,940

26,534

92,026

Eliminated on disposal

-

-

(70,900)

(9,183)

(80,083)

At 31 August 2024

401,819

140,960

64,975

853,949

1,461,703

Carrying amount

At 31 August 2024

1,204,190

10,807

85,785

150,309

1,451,091

At 31 August 2023

1,223,315

5,560

43,051

176,479

1,448,405

6

Investments

2024
£

2023
£

Investments in subsidiaries

1,602

1,602

Subsidiaries

£

Cost or valuation

At 1 September 2023

1,602

Provision

Carrying amount

At 31 August 2024

1,602

At 31 August 2023

1,602

 

Robert Lickley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Investments (continued)

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Robert Lickley Refractories Limited

Dormston Trading Estate
Burton Road
Dudley
West Midlands
DY1 2UF

Ordinary

100%

100%

 

England

     

Robert Lickley Consultancy And Contractors Limited

Dormston Tading Estate
Burton Road
Dudley
West Midlands
DY1 2UF

Ordinary

100%

100%

 

England

     

Arel Services Limited

Dormston Trading Estate
Burton Road
Dudley
West Midlands
DY1 2UF

Ordinary

100%

100%

 

England

     

Subsidiary undertakings

Robert Lickley Refractories Limited

The principal activity of Robert Lickley Refractories Limited is the manufacture and merchanting of refractory materials.

Robert Lickley Consultancy And Contractors Limited

The principal activity of Robert Lickley Consultancy And Contractors Limited is that of a dormant company.

Arel Services Limited

The principal activity of Arel Services Limited is that of a dormant company.

 

Robert Lickley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

7

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

1,008,346

1,375,198

Other debtors

 

-

500

Accrued income

 

4,293

2,660

 

1,012,639

1,378,358

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8.1

-

1,898

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,600

1,600

Taxation and social security

 

360,439

465,183

Accruals and deferred income

 

97,157

162,729

Other creditors

 

12,000

-

 

471,196

631,410

8.1

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

1,898

HSBC PLC hold a legal charge over the investment properties held by the company.

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £34,390).

HSBC Bank PLC hold a group set off over all group companies.

The company is part of a group vat scheme.

 

Robert Lickley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,400

1,400

1,400

1,400