Company Registration No. 03566162 (England and Wales)
Holden & Prescott Ltd
Unaudited accounts
for the year ended 30 September 2024
Holden & Prescott Ltd
Unaudited accounts
Contents
Holden & Prescott Ltd
Company Information
for the year ended 30 September 2024
Company Number
03566162 (England and Wales)
Registered Office
1/3 Church Street
Macclesfield
Cheshire
SK11 6PB
Accountants
Batesons
2 Statham Court
Statham Street
Macclesfield
Cheshire
SK11 6XN
Holden & Prescott Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
35,622
28,106
Cash at bank and in hand
360,894
383,440
Creditors: amounts falling due within one year
(220,076)
(131,119)
Net current assets
159,674
264,545
Total assets less current liabilities
195,296
292,651
Creditors: amounts falling due after more than one year
(7,014)
(17,345)
Provisions for liabilities
Deferred tax
(6,417)
(7,027)
Net assets
181,865
268,279
Called up share capital
12,000
12,000
Capital redemption reserve
10,500
10,500
Profit and loss account
154,365
240,779
Shareholders' funds
181,865
268,279
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 June 2025 and were signed on its behalf by
William Prescott
Director
Company Registration No. 03566162
Holden & Prescott Ltd
Notes to the Accounts
for the year ended 30 September 2024
Holden & Prescott Ltd is a private company, limited by shares, registered in England and Wales, registration number 03566162. The registered office is 1/3 Church Street, Macclesfield, Cheshire, SK11 6PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straightline basis
Plant & machinery
15% reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined benefit, externally funded pension scheme covering the directors. Contributions are normally charged against profits as the contributions are made.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Holden & Prescott Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 October 2023
-
111,530
111,530
Additions
10,057
3,214
13,271
Disposals
-
(27,378)
(27,378)
At 30 September 2024
10,057
87,366
97,423
At 1 October 2023
-
83,424
83,424
Charge for the year
101
4,424
4,525
On disposals
-
(26,148)
(26,148)
At 30 September 2024
101
61,700
61,801
At 30 September 2024
9,956
25,666
35,622
At 30 September 2023
-
28,106
28,106
Amounts falling due within one year
Trade debtors
15,461
7,653
Accrued income and prepayments
3,395
4,571
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,333
10,078
Trade creditors
11,324
8,387
Taxes and social security
60,598
63,458
Loans from directors
81,625
39
7
Creditors: amounts falling due after more than one year
2024
2023
Holden & Prescott Ltd
Notes to the Accounts
for the year ended 30 September 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
6,417
7,027
Provision at start of year
7,027
4,852
(Credited)/charged to the profit and loss account
(610)
2,175
Provision at end of year
6,417
7,027
Allotted, called up and fully paid:
12,000 Ordinary shares of £1 each
12,000
12,000
10
Average number of employees
During the year the average number of employees was 11 (2023: 11).