| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 September 2024 |
| for |
| The Hollteck Company Limited |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| 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 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| AMORTISATION |
| At 1 October 2023 |
| and 30 September 2024 |
| 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 |
| Additions |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Trade debtors |
| 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 |
| VAT |
| Prepayments and accrued income |
| 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 |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Crosslands Foundary Limited | 105,000 | 105,000 |
| Sundry creditors - Properties | 28,655 | - |
| Directors' current accounts | 1,471 | 914 |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Prepaid income |
| Other creditors |
| 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 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 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. |