IRIS Accounts Production v25.1.4.42 00437306 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004373062023-09-30004373062024-09-30004373062023-10-012024-09-30004373062022-09-30004373062022-10-012023-09-30004373062023-09-3000437306ns15:EnglandWales2023-10-012024-09-3000437306ns14:PoundSterling2023-10-012024-09-3000437306ns10:Director12023-10-012024-09-3000437306ns10:Director22023-10-012024-09-3000437306ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000437306ns10:SmallEntities2023-10-012024-09-3000437306ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3000437306ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000437306ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000437306ns10:FullAccounts2023-10-012024-09-3000437306ns10:CompanySecretary12023-10-012024-09-3000437306ns10:RegisteredOffice2023-10-012024-09-3000437306ns5:CurrentFinancialInstruments2024-09-3000437306ns5:CurrentFinancialInstruments2023-09-3000437306ns5:Non-currentFinancialInstruments2024-09-3000437306ns5:Non-currentFinancialInstruments2023-09-3000437306ns5:ShareCapital2024-09-3000437306ns5:ShareCapital2023-09-3000437306ns5:CapitalRedemptionReserve2024-09-3000437306ns5:CapitalRedemptionReserve2023-09-3000437306ns5:FurtherSpecificReserve1ComponentTotalEquity2024-09-3000437306ns5:FurtherSpecificReserve1ComponentTotalEquity2023-09-3000437306ns5:RetainedEarningsAccumulatedLosses2024-09-3000437306ns5:RetainedEarningsAccumulatedLosses2023-09-3000437306ns5:FurnitureFittings2023-10-012024-09-3000437306ns5:MotorVehicles2023-10-012024-09-3000437306ns5:LandBuildings2023-09-3000437306ns5:FurnitureFittings2023-09-3000437306ns5:MotorVehicles2023-09-3000437306ns5:LandBuildings2023-10-012024-09-3000437306ns5:LandBuildings2024-09-3000437306ns5:FurnitureFittings2024-09-3000437306ns5:MotorVehicles2024-09-3000437306ns5:LandBuildings2023-09-3000437306ns5:FurnitureFittings2023-09-3000437306ns5:MotorVehicles2023-09-3000437306ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000437306ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-300043730612023-10-012024-09-30
REGISTERED NUMBER: 00437306 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2024

for

HERBERT DICKINSON (FURNITURE AND MUSIC)
LIMITED

HERBERT DICKINSON (FURNITURE AND MUSIC)
LIMITED (REGISTERED NUMBER: 00437306)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HERBERT DICKINSON (FURNITURE AND MUSIC)
LIMITED

Company Information
for the Year Ended 30th September 2024







DIRECTORS: Mr T D Witts
Mr H R Witts





SECRETARY: Mr H R Witts





REGISTERED OFFICE: 137-143 Market Street
Chorley
Lancashire
PR7 2ST





REGISTERED NUMBER: 00437306 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

HERBERT DICKINSON (FURNITURE AND MUSIC)
LIMITED (REGISTERED NUMBER: 00437306)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 492,237 690,526

CURRENT ASSETS
Debtors 5 1,949 5,061
Cash at bank and in hand 149,376 90,672
151,325 95,733
CREDITORS
Amounts falling due within one year 6 20,322 19,085
NET CURRENT ASSETS 131,003 76,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,240

767,174

CREDITORS
Amounts falling due after more than one
year

7

(188,250

)

(288,250

)

PROVISIONS FOR LIABILITIES (34,908 ) (43,542 )
NET ASSETS 400,082 435,382

CAPITAL AND RESERVES
Called up share capital 3,610 3,610
Capital redemption reserve 3,610 3,610
Revaluation reserve 238,167 378,608
Retained earnings 154,695 49,554
SHAREHOLDERS' FUNDS 400,082 435,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

HERBERT DICKINSON (FURNITURE AND MUSIC)
LIMITED (REGISTERED NUMBER: 00437306)

Balance Sheet - continued
30th 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 27th June 2025 and were signed on its behalf by:




Mr H R Witts - Director



Mr T D Witts - Director


HERBERT DICKINSON (FURNITURE AND MUSIC)
LIMITED (REGISTERED NUMBER: 00437306)

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

1. STATUTORY INFORMATION

Herbert Dickinson (Furniture and Music) 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 as modified by the revaluation of certain assets.

Revenue recognition
Income is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

In a departure from FRS 102 Section 1A for small entities, no depreciation is provided in respect of freehold properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


HERBERT DICKINSON (FURNITURE AND MUSIC)
LIMITED (REGISTERED NUMBER: 00437306)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Going concern
Since the balance date, the directors have made the decision for the company to cease trading. As a result of this, the financial statements have been prepared on a basis other than that of a going concern, which includes, where appropriate, writing down the company's assets to net realisable value. Provision has also been made for any contractual commitments that have become onerous at the balance sheet date. The financial statements do not include any provision for the future costs of terminating the business of the company except to the extent that such costs were committed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 6 ) .

HERBERT DICKINSON (FURNITURE AND MUSIC)
LIMITED (REGISTERED NUMBER: 00437306)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1st October 2023 690,210 28,962 6,000 725,172
Disposals (36,353 ) - - (36,353 )
Revaluations (161,857 ) - - (161,857 )
At 30th September 2024 492,000 28,962 6,000 526,962
DEPRECIATION
At 1st October 2023 - 28,962 5,684 34,646
Charge for year - - 79 79
At 30th September 2024 - 28,962 5,763 34,725
NET BOOK VALUE
At 30th September 2024 492,000 - 237 492,237
At 30th September 2023 690,210 - 316 690,526

Cost or valuation at 30th September 2024 is represented by:

Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Valuation in 1994 25,000 - - 25,000
Valuation in 2007 316,722 - - 316,722
Valuation in 2023 93,210 - - 93,210
Valuation in 2024 (161,857 ) - - (161,857 )
Cost 218,925 28,962 6,000 253,887
492,000 28,962 6,000 526,962

If freehold property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 218,925 255,278

Freehold property was valued on an open market basis on 30th September 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
VAT 289 2,432
Prepayments and accrued income 1,660 2,629
1,949 5,061

HERBERT DICKINSON (FURNITURE AND MUSIC)
LIMITED (REGISTERED NUMBER: 00437306)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 2,460 2,345
Social security and other taxes 425 90
Directors' current accounts 13,500 13,500
Accrued expenses 3,937 3,150
20,322 19,085

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Directors' current accounts 188,250 288,250

8. RELATED PARTY DISCLOSURES

At the 30th September 2024 the company owed £201,750 to its directors (2023: £301,750). No interest has been charged to the company in respect of these loans and there are no formal repayment dates for these loans. £188,250 (2023: £288,250) of these loans is classified in creditors due after more than one year.

9. POST BALANCE SHEET EVENTS

The company's directors previously made the decision to voluntarily cease the trade of the company and are currently in the process of winding down all operations. As a result, these accounts have not been prepared on the going concern basis. The directors anticipate that the company will have sufficient funds available to settle all liabilities in full.