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REGISTERED NUMBER: 04288234 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

The Hollteck Company Limited

The Hollteck Company Limited (Registered number: 04288234)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Hollteck Company Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S Towers
Mrs C Holland
B Postlethwaite





SECRETARY:





REGISTERED OFFICE: 63 Jenkin Road
Sheffield
South Yorkshire
S9 1DS





REGISTERED NUMBER: 04288234 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

The Hollteck Company Limited (Registered number: 04288234)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 169,759 210,944
169,759 210,944

CURRENT ASSETS
Stocks 648,507 540,442
Debtors 6 843,658 948,975
Investments 7 500 500
Cash at bank and in hand 72,809 170,612
1,565,474 1,660,529
CREDITORS
Amounts falling due within one year 8 1,111,248 1,096,122
NET CURRENT ASSETS 454,226 564,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,985

775,351

CREDITORS
Amounts falling due after more than one
year

9

(80,500

)

(89,715

)

PROVISIONS FOR LIABILITIES (53,694 ) (263,420 )
NET ASSETS 489,791 422,216

CAPITAL AND RESERVES
Called up share capital 49,700 49,700
Retained earnings 440,091 372,516
SHAREHOLDERS' FUNDS 489,791 422,216

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 Hollteck Company Limited (Registered number: 04288234)

Balance Sheet - continued
30 September 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 15 May 2025 and were signed on its behalf by:




B Postlethwaite - Director



Mrs C Holland - Director


The Hollteck Company Limited (Registered number: 04288234)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

The Hollteck Company 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

The Hollteck Company Limited (Registered number: 04288234)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 68,001
AMORTISATION
At 1 October 2023
and 30 September 2024 68,001
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 503,319 36,382 41,595 89,518 670,814
Additions - - - 867 867
At 30 September 2024 503,319 36,382 41,595 90,385 671,681
DEPRECIATION
At 1 October 2023 294,770 36,271 41,595 87,234 459,870
Charge for year 40,306 56 - 1,690 42,052
At 30 September 2024 335,076 36,327 41,595 88,924 501,922
NET BOOK VALUE
At 30 September 2024 168,243 55 - 1,461 169,759
At 30 September 2023 208,549 111 - 2,284 210,944

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 583,013 601,887
Hollteck India 109,321 97,794
Sundry debtor - Bo-Mac (1,500 ) (1,500 )
Sundry debtor - Hollteck Prop - 140,845
Sundry debtor - Crosslands 27,667 27,667
Directors' current accounts 17,066 25,058
Tax 5,881 -
VAT 91,833 48,298
Prepayments and accrued income 10,377 8,926
843,658 948,975

The Hollteck Company Limited (Registered number: 04288234)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Unlisted investments 500 500

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans 51,108 205,722
Trade creditors 812,884 712,546
Tax 186 6,571
Social security and other taxes 8,364 8,327
Other creditors 53,945 57,042
Crosslands Foundary Limited 105,000 105,000
Sundry creditors - Properties 28,655 -
Directors' current accounts 1,471 914
Accrued expenses 49,635 -
1,111,248 1,096,122

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Prepaid income - 9,215
Other creditors 80,500 80,500
80,500 89,715

10. PROVISION FOR LIABILITIES

DIRECTOR PENSION CONTRIBUTIONS AND ENTITLEMENTS

Brought forward £225,000
Movement in period -£202,000
Carried forward £ 23,000

The company has liabilities to the director Mr S Towers in respect of his pension entitlements.

The company has agreed to pay the following amounts in satisfaction of these pension liabilities. The total amount payable by the company to Mr S Towers is £225,000 payable as below, subject to relevant agreements being in place.

Amount due: Payable in accounting period ended:
£23,000 30 September 2025



DEFERRED TAX

Brought forward £38,412
Movement in period -£ 7,725
Carried forward £30,694

Deferred tax is recognised in respect of all timing differences arising from income and expenses included in tax assessment periods which differ from those in which they are recognised in the financial statements.

The Hollteck Company Limited (Registered number: 04288234)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
S Towers
Balance outstanding at start of year 25,058 2,152
Amounts advanced - 22,906
Amounts repaid (7,992 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,066 25,058

12. RELATED PARTY DISCLOSURES

Included within Creditors: amounts falling due within one year is a loan of £105,000 (2023: £105,000) owed to Crosslands Foundry Limited. Mr S Towers is a director and shareholder of both companies. The director Mrs C Holland is a shareholder in both companies.

Included within Creditors: amounts falling due within one year is a loan of £51,107.57 owed to a Trust (Holland Survivors QDOT of Middleburg Financial, located in the USA) to which a director of The Hollteck Company Limited is connected; Mrs C Holland is connected by virtue of being an Executor of the Will of Neville Holland, whose Estate owns shares in The Hollteck Company Limited and is also a beneficiary of the Trust.

Included within Creditors: amounts falling due after more than one year is a loan of £25,000 (2023: £25,000) owed to Hollteck Properties Limited. Mr S Towers is a director and shareholder of both companies. The director Mrs C Holland is a shareholder in both companies.