How End Livery Ltd 06978128 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of livery services. Digita Accounts Production Advanced 6.30.9574.0 true 06978128 2023-09-01 2024-08-31 06978128 2024-08-31 06978128 bus:Director1 1 2024-08-31 06978128 core:CurrentFinancialInstruments 2024-08-31 06978128 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 06978128 core:LandBuildings 2024-08-31 06978128 bus:SmallEntities 2023-09-01 2024-08-31 06978128 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 06978128 bus:FilletedAccounts 2023-09-01 2024-08-31 06978128 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06978128 bus:RegisteredOffice 2023-09-01 2024-08-31 06978128 bus:Director1 2023-09-01 2024-08-31 06978128 bus:Director1 1 2023-09-01 2024-08-31 06978128 bus:Director2 2023-09-01 2024-08-31 06978128 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06978128 bus:Agent1 2023-09-01 2024-08-31 06978128 core:OtherRelatedParties 2023-09-01 2024-08-31 06978128 countries:AllCountries 2023-09-01 2024-08-31 06978128 2023-08-31 06978128 bus:Director1 1 2023-08-31 06978128 core:LandBuildings 2023-08-31 06978128 2022-09-01 2023-08-31 06978128 2023-08-31 06978128 bus:Director1 1 2023-08-31 06978128 core:CurrentFinancialInstruments 2023-08-31 06978128 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 06978128 core:LandBuildings 2023-08-31 06978128 bus:Director1 1 2022-09-01 2023-08-31 06978128 bus:Director1 1 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 06978128

How End Livery Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

image-name
 

How End Livery Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

How End Livery Ltd

Company Information

Directors

N J Phillips

P Byrne

Registered office

How End Farm
How End Road
Houghton Conquest
Bedfordshire
MK45 3JT

Accountants

Michael J Emery & Co Limited
Chartered Accountants
22 St. John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
How End Livery Ltd
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 How End Livery Ltd for the year ended 31 August 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of How End Livery Ltd, as a body, in accordance with the terms of our instructions. Our work has been undertaken solely to prepare for your approval the accounts of How End Livery Ltd and state those matters that we have agreed to state to the Board of Directors of How End Livery Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than How End Livery Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that How End Livery Ltd 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 How End Livery Ltd. You consider that How End Livery Ltd 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 How End Livery Ltd. 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.

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

Michael J Emery & Co Limited
Chartered Accountants
22 St. John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

26 March 2025

 

How End Livery Ltd

(Registration number: 06978128)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

250,000

250,000

Current assets

 

Debtors

5

22,396

28,827

Cash at bank and in hand

 

557

184

 

22,953

29,011

Creditors: Amounts falling due within one year

6

(176,182)

(191,867)

Net current liabilities

 

(153,229)

(162,856)

Net assets

 

96,771

87,144

Capital and reserves

 

Called up share capital

2

2

Other reserves

125,000

125,000

Retained earnings

(28,231)

(37,858)

Shareholders' funds

 

96,771

87,144

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 Profit and Loss Account.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
N J Phillips
Director

 

How End Livery Ltd

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 and Wales. Registration number 06978128.

The address of its registered office is:
How End Farm
How End Road
Houghton Conquest
Bedfordshire
MK45 3JT

These financial statements were authorised for issue by the Board on 26 March 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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Grant income is recognised using the accruals model and is matched against the expenditure towards which it is intended to contribute.

Tax

The tax expense for the period comprises current tax. Tax is recognised in 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 income 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.

 

How End Livery Ltd

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

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.

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.

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.

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 during the year, including directors, was 2 (2023 - 2).

 

How End Livery Ltd

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

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 September 2023

250,000

250,000

At 31 August 2024

250,000

250,000

Depreciation

Carrying amount

At 31 August 2024

250,000

250,000

At 31 August 2023

250,000

250,000

5

Debtors

2024
£

2023
£

Other debtors

22,396

28,827

22,396

28,827

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

84

648

Intercompany

7

175,226

190,619

Taxation and social security

 

254

-

Accruals and deferred income

 

618

600

 

176,182

191,867

 

How End Livery Ltd

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

7

Related party transactions

Transactions with directors

2024

At 1 September 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

N J Phillips

28,332

24,601

(31,032)

21,901

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

N J Phillips

45,737

33,307

(50,712)

28,332

The overdrawn Directors loan account to be cleared within 9 months of the year end.

Summary of transactions with other related parties

Woodstone Surfaces Limited
 (A company under common control).
 
At the balance sheet date the amount due to Woodstone Surfaces Limited was £175,226 (2023: £190,619).