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REGISTERED NUMBER: 09755692 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

R S Howard & Sons Limited

R S Howard & Sons Limited (Registered number: 09755692)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R S Howard & Sons Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: E Howard
P Howard





REGISTERED OFFICE: Whittaker Hall Farm
Sough Lane
Guide
Blackburn
Lancashire
BB1 2LR





REGISTERED NUMBER: 09755692 (England and Wales)





ACCOUNTANTS: Xeinadin
Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

R S Howard & Sons Limited (Registered number: 09755692)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 343,537 272,487

CURRENT ASSETS
Stocks 535,963 487,714
Debtors 5 56,666 34,549
Cash at bank and in hand 52,004 67,291
644,633 589,554
CREDITORS
Amounts falling due within one year 6 401,215 342,279
NET CURRENT ASSETS 243,418 247,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,955

519,762

CREDITORS
Amounts falling due after more than
one year

7

210,273

230,542
NET ASSETS 376,682 289,220

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 376,582 289,120
SHAREHOLDERS' FUNDS 376,682 289,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

R S Howard & Sons Limited (Registered number: 09755692)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:




E Howard - Director



P Howard - Director


R S Howard & Sons Limited (Registered number: 09755692)

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

1. STATUTORY INFORMATION

R S Howard & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Herd stock

Herd stock is included in the balance sheet at original cost adjusted each year end to a fair value basis by the directors.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

R S Howard & Sons Limited (Registered number: 09755692)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 461,816 50 49,502 511,368
Additions 102,968 - 52,200 155,168
Disposals (46,548 ) - (24,002 ) (70,550 )
At 31 August 2024 518,236 50 77,700 595,986
DEPRECIATION
At 1 September 2023 192,517 50 46,314 238,881
Charge for year 58,692 - 4,670 63,362
Eliminated on disposal (28,448 ) - (21,346 ) (49,794 )
At 31 August 2024 222,761 50 29,638 252,449
NET BOOK VALUE
At 31 August 2024 295,475 - 48,062 343,537
At 31 August 2023 269,299 - 3,188 272,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,698 25,209
Other debtors 31,968 9,340
56,666 34,549

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 32,573 27,898
Trade creditors 89,919 83,757
Directors' current accounts 275,233 227,784
Accrued expenses 3,490 2,840
401,215 342,279

R S Howard & Sons Limited (Registered number: 09755692)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 26,802 28,250
Other creditors 183,471 202,292
210,273 230,542