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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
Page
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Holden & Prescott Ltd Company Information for the year ended 30 September 2024
Director
William Prescott
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
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Holden & Prescott Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,622 
28,106 
Current assets
Debtors
18,856 
12,224 
Cash at bank and in hand
360,894 
383,440 
379,750 
395,664 
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 
Capital and reserves
Called up share capital
12,000 
12,000 
Share premium
5,000 
5,000 
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
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Holden & Prescott Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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 taxation
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.
Pension costs
The company operates a defined benefit, externally funded pension scheme covering the directors. Contributions are normally charged against profits as the contributions are made.
Leased assets
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.
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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 
Depreciation
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 
Net book value
At 30 September 2024
9,956 
25,666 
35,622 
At 30 September 2023
- 
28,106 
28,106 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,461 
7,653 
Accrued income and prepayments
3,395 
4,571 
18,856 
12,224 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,333 
10,078 
VAT
39,273 
30,360 
Trade creditors
11,324 
8,387 
Taxes and social security
60,598 
63,458 
Other creditors
819 
3,080 
Loans from directors
81,625 
39 
Accruals
16,104 
15,717 
220,076 
131,119 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,014 
17,345 
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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 
2024 
2023 
£ 
£ 
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 
9
Share capital
2024 
2023 
£ 
£ 
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).
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