12 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 06368402 2023-10-01 2024-09-30 06368402 2024-09-30 06368402 2023-09-30 06368402 2022-10-01 2023-09-30 06368402 2023-09-30 06368402 2022-09-30 06368402 core:PlantMachinery 2023-10-01 2024-09-30 06368402 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 06368402 core:MotorVehicles 2023-10-01 2024-09-30 06368402 bus:LeadAgentIfApplicable 2023-10-01 2024-09-30 06368402 bus:Director1 2023-10-01 2024-09-30 06368402 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 06368402 core:ShareCapital 2023-10-01 2024-09-30 06368402 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 06368402 core:WithinOneYear 2024-09-30 06368402 core:WithinOneYear 2023-09-30 06368402 core:ShareCapital 2024-09-30 06368402 core:ShareCapital 2023-09-30 06368402 core:RetainedEarningsAccumulatedLosses 2024-09-30 06368402 core:RetainedEarningsAccumulatedLosses 2023-09-30 06368402 core:ShareCapital 2022-09-30 06368402 core:RetainedEarningsAccumulatedLosses 2022-09-30 06368402 core:PreviouslyStatedAmount core:ShareCapital 2024-09-30 06368402 bus:Director1 2023-09-30 06368402 bus:Director1 2024-09-30 06368402 bus:Director1 2022-09-30 06368402 bus:Director1 2023-09-30 06368402 bus:Director1 2022-10-01 2023-09-30 06368402 bus:SmallEntities 2023-10-01 2024-09-30 06368402 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 06368402 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06368402 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06368402 bus:AbridgedAccounts 2023-10-01 2024-09-30 06368402 core:Associate1 2023-10-01 2024-09-30 06368402 core:Associate1 2022-10-01 2023-09-30 06368402 core:Associate1 2024-09-30 06368402 core:Associate1 2023-09-30 06368402 1 2023-10-01 2024-09-30
Company registration number: 06368402
Henny Limited
Unaudited filleted abridged financial statements
30 September 2024
Henny Limited
Contents
Accountant's report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Henny Limited
Chartered accountant's report to the director on the preparation of the
unaudited statutory financial statements of Henny Limited
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Henny Limited for the year ended 30 September 2024 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Henny Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Henny Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Henny Limited and its director as a body for my work or for this report.
It is your duty to ensure that Henny 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 profit of Henny Limited. You consider that Henny Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Henny Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
S Nunn and Co Limited
Chartered Accountants
Unit 2, Guards Avenue
Caterham
Surrey
CR3 5XL
27 June 2025
Henny Limited
Abridged statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 110,983 117,315
_______ _______
110,983 117,315
Current assets
Stocks 767,664 630,297
Debtors 1,724,280 1,737,744
Cash at bank and in hand - 21
_______ _______
2,491,944 2,368,062
Creditors: amounts falling due
within one year ( 1,192,826) ( 1,056,992)
_______ _______
Net current assets 1,299,118 1,311,070
_______ _______
Total assets less current liabilities 1,410,101 1,428,385
Provisions for liabilities ( 27,746) ( 29,119)
_______ _______
Net assets 1,382,355 1,399,266
_______ _______
Capital and reserves
Called up share capital 160 140
Profit and loss account 1,382,195 1,399,126
_______ _______
Shareholders funds 1,382,355 1,399,266
_______ _______
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
Mr M. Pearson
Director
Company registration number: 06368402
Henny Limited
Statement of changes in equity
Year ended 30 September 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 October 2022 140 1,442,805 1,442,945
Profit for the year 197,497 197,497
_______ _______ _______
Total comprehensive income for the year - 197,497 197,497
Dividends paid and payable ( 241,176) ( 241,176)
_______ _______ _______
Total investments by and distributions to owners - ( 241,176) ( 241,176)
_______ _______ _______
At 30 September 2023 and 1 October 2023 140 1,399,126 1,399,266
Profit for the year 206,645 206,645
_______ _______ _______
Total comprehensive income for the year - 206,645 206,645
Issue of shares 20 20
Dividends paid and payable ( 223,576) ( 223,576)
_______ _______ _______
Total investments by and distributions to owners 20 ( 223,576) ( 223,556)
_______ _______ _______
At 30 September 2024 160 1,382,195 1,382,355
_______ _______ _______
Henny Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 43, 10 Centre Armstrong Road, Woolwich Arsenal, London, SE18 6RS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets .
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2023: 13 ).
5. Tangible assets
£
Cost
At 1 October 2023 412,235
Additions 40,375
Disposals ( 19,250)
_______
At 30 September 2024 433,360
_______
Depreciation
At 1 October 2023 294,920
Charge for the year 32,270
Disposals ( 4,813)
_______
At 30 September 2024 322,377
_______
Carrying amount
At 30 September 2024 110,983
_______
At 30 September 2023 117,315
_______
6. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr M. Pearson 47,423 23,742 71,165
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr M. Pearson 85,593 ( 38,170) 47,423
_______ _______ _______
7. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2024 2023 2024 2023
£ £ £ £
Henny Holdings Ltd - 378,774 1,152,806 1,063,280
_______ _______ _______ _______
During the year, dividends of £75,700 (2023: £82,500) were paid to the director of the Company. The company was owed £1,152,806 (2023: £1,063,280) by Henny Holdings Ltd at the year end (2022: £684,506 ). This company is jointly owned by Mr M. Pearson and Mrs S. Pearson.
8. Controlling party
Mr M. Pearson and Mrs S. Pearson are the beneficial owners of 50% each of the issued voting shares and are therefore the ultimate controlling parties .