IRIS Accounts Production v25.1.3.33 04533975 Board of Directors 1.10.23 30.9.24 30.9.24 true false true false false true true true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045339752023-09-30045339752024-09-30045339752023-10-012024-09-30045339752022-09-30045339752022-10-012023-09-30045339752023-09-3004533975ns14:PoundSterling2023-10-012024-09-3004533975ns10:Director12023-10-012024-09-3004533975ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3004533975ns10:SmallEntities2023-10-012024-09-3004533975ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3004533975ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3004533975ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3004533975ns10:FullAccounts2023-10-012024-09-3004533975ns10:Director22023-10-012024-09-3004533975ns10:RegisteredOffice2023-10-012024-09-3004533975ns5:CurrentFinancialInstruments2024-09-3004533975ns5:CurrentFinancialInstruments2023-09-3004533975ns5:Non-currentFinancialInstruments2024-09-3004533975ns5:Non-currentFinancialInstruments2023-09-3004533975ns5:ShareCapital2024-09-3004533975ns5:ShareCapital2023-09-3004533975ns5:RetainedEarningsAccumulatedLosses2024-09-3004533975ns5:RetainedEarningsAccumulatedLosses2023-09-3004533975ns5:FurnitureFittings2023-09-3004533975ns5:MotorVehicles2023-09-3004533975ns5:FurnitureFittings2023-10-012024-09-3004533975ns5:MotorVehicles2023-10-012024-09-3004533975ns5:FurnitureFittings2024-09-3004533975ns5:MotorVehicles2024-09-3004533975ns5:FurnitureFittings2023-09-3004533975ns5:MotorVehicles2023-09-3004533975ns5:CostValuation2023-09-3004533975ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3004533975ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3004533975ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-09-3004533975ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-09-3004533975ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-09-3004533975ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3004533975ns5:WithinOneYear2024-09-3004533975ns5:WithinOneYear2023-09-3004533975ns5:BetweenOneFiveYears2024-09-3004533975ns5:BetweenOneFiveYears2023-09-3004533975ns5:AllPeriods2024-09-3004533975ns5:AllPeriods2023-09-30
REGISTERED NUMBER: 04533975















HENDERSON INDUSTRIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






HENDERSON INDUSTRIES LIMITED (REGISTERED NUMBER: 04533975)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


HENDERSON INDUSTRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr J I Henderson
Mr T G Henderson





REGISTERED OFFICE: Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR





REGISTERED NUMBER: 04533975





ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HENDERSON INDUSTRIES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Henderson Industries Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Henderson Industries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Henderson Industries Limited. You consider that Henderson Industries 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 financial statements of Henderson Industries 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 financial statements.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


19 June 2025

HENDERSON INDUSTRIES LIMITED (REGISTERED NUMBER: 04533975)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 3 - 98,652
Investments 4 800 800
800 99,452

CURRENT ASSETS
Debtors 5 1,909,848 2,121,270
Cash at bank 5,207 80,690
1,915,055 2,201,960
CREDITORS
Amounts falling due within one year 6 418,007 434,530
NET CURRENT ASSETS 1,497,048 1,767,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,497,848

1,866,882

CREDITORS
Amounts falling due after more than one
year

7

33,334

73,333
NET ASSETS 1,464,514 1,793,549

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 1,414,514 1,743,549
SHAREHOLDERS' FUNDS 1,464,514 1,793,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 19 June 2025 and were signed on its behalf by:



Mr J I Henderson - Director


HENDERSON INDUSTRIES LIMITED (REGISTERED NUMBER: 04533975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. 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.

The presentational currency is £ sterling.

Going concern
The financial statements have been prepared on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Henderson Industries Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The directors do not consider there to be any significant judgements or estimates.

Turnover
Turnover represents management charges invoiced during the year (excluding value added tax), adjusted for accrued and deferred income where applicable. Management charges are recognised in line with the provision of the service.

Tangible fixed assets
All tangible fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of tangible fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings10 years
Motor vehicles4 years

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Tangible fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Income Statement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


HENDERSON INDUSTRIES LIMITED (REGISTERED NUMBER: 04533975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. ACCOUNTING POLICIES - continued
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 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 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.

Leasing commitments
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the Income Statement in the period to which they relate.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Finance costs
Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount.

Dividend income
Dividend income is recognised when the right to receive payment is established.


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

HENDERSON INDUSTRIES LIMITED (REGISTERED NUMBER: 04533975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 October 2023 33,378 115,495 148,873
Disposals - (115,495 ) (115,495 )
At 30 September 2024 33,378 - 33,378
DEPRECIATION
At 1 October 2023 33,378 16,843 50,221
Charge for year - 22,608 22,608
Eliminated on disposal - (39,451 ) (39,451 )
At 30 September 2024 33,378 - 33,378
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - 98,652 98,652


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 October 2023
and 30 September 2024 800
NET BOOK VALUE
At 30 September 2024 800
At 30 September 2023 800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 1,777,791 2,017,283
Other debtors 102,000 70,000
Prepayments and accrued income 30,057 33,987
1,909,848 2,121,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 40,000 40,000
Other loans 319,767 319,767
Social security and other taxes 2,267 16,577
VAT 14,714 8,982
Other creditors 1,929 4,295
Accruals and deferred income 39,330 44,909
418,007 434,530

HENDERSON INDUSTRIES LIMITED (REGISTERED NUMBER: 04533975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 33,334 40,000
Bank loans - 2-5 years - 33,333
33,334 73,333

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 9,292 16,743
Between one and five years 3,901 13,193
13,193 29,936

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 73,334 113,333

The bank loans are secured by a debenture over the property, assets and undertaking of the Company.

10. CONTINGENT LIABILITIES

The company has entered into a cross guarantee arrangement with its fellow group companies, Teddington Electronics Limited and Teddington Appliance Controls Limited, in respect of their bank facilities. The balance as at 30 September 2024 is £728,813 (2023: £78,903).

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The estate of a former director has provided the company with a loan. Interest on the loan is accruing on a monthly basis at 1.25% above the bank base rate. The balance due to the estate at the year end was £319,767 (2023: £319,767).

During the year the company traded with a company with common directors. The related party charged the company £80,580 (2023: £80,580) for consultancy services. No amounts were due to the related party at either year end.

During the year the company advanced a loan to a company with a common shareholder. The amount outstanding at the year end is £102,000 (2023: £70,000) and is included within 'Debtors: Amounts falling due within one year'. The loan is due for repayment on demand and no interest has been charged on the loan in either the current or prior year.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J I Henderson.