Company Registration No. 00546587 (England and Wales)
Healey & Dobney Limited
Unaudited accounts
for the year ended 30 June 2024
Healey & Dobney Limited
Unaudited accounts
Contents
Healey & Dobney Limited
Company Information
for the year ended 30 June 2024
Directors
Mr Ralph Dobney
Mr Richard Dobney
Company Number
00546587 (England and Wales)
Registered Office
Station Mills
Gosberton Risegate
Spalding
Lincs
PE11 4EY
Accountants
Realise Finance Ltd
Gloucester House
23a London Road
Peterborough
PE2 8AN
Healey & Dobney Limited
Statement of financial position
as at 30 June 2024
Tangible assets
278,528
285,323
Inventories
116,050
112,432
Cash at bank and in hand
132
11,858
Creditors: amounts falling due within one year
(648,399)
(567,682)
Net current liabilities
(488,052)
(402,739)
Total assets less current liabilities
(209,524)
(117,416)
Creditors: amounts falling due after more than one year
(3,352)
(8,596)
Net liabilities
(212,876)
(126,012)
Called up share capital
65,002
65,002
Revaluation reserve
141,944
141,944
Profit and loss account
(421,322)
(334,458)
Shareholders' funds
(212,876)
(126,012)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 2 July 2025 and were signed on its behalf by
Mr Ralph Dobney
Director
Company Registration No. 00546587
Healey & Dobney Limited
Notes to the Accounts
for the year ended 30 June 2024
Healey & Dobney Limited is a private company, limited by shares, registered in England and Wales, registration number 00546587. The registered office is Station Mills, Gosberton Risegate, Spalding, Lincs, PE11 4EY.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
The freehold property held in the company was revalued on 7th March 2013. Following the transition to FRS 102, the transitional relief rules have been applied to treat the valuation as a deemed cost.
Where depreciation has been recognised in respect of unrelieved gains on assets included at deemed cost, that amount has been transferred to non-distributable reserves.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The accounts have been prepared on the basis that the company will be supported by the directors for at least the next twelve months and also the family members who are owed money by the company.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Healey & Dobney Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
323,540
89,413
120,905
8,798
542,656
Additions
-
2,500
-
-
2,500
At 30 June 2024
323,540
91,913
120,905
8,798
545,156
At 1 July 2023
47,471
88,721
112,652
8,489
257,333
Charge for the year
6,345
704
2,200
46
9,295
At 30 June 2024
53,816
89,425
114,852
8,535
266,628
At 30 June 2024
269,724
2,488
6,053
263
278,528
At 30 June 2023
276,069
692
8,253
309
285,323
Raw materials
22,550
21,832
Finished goods
93,500
90,600
Raw materials comprises of the consumables held as at the year end date.
Finished goods comprises the cattle held as at the year end date.
Amounts falling due within one year
Trade debtors
32,126
27,012
Accrued income and prepayments
12,039
13,641
Healey & Dobney Limited
Notes to the Accounts
for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
31,648
6,732
Trade creditors
178,598
137,570
Taxes and social security
13,446
11,847
Other creditors
205,685
185,978
Loans from directors
212,202
216,664
Included in this year's creditors due within one year is a bank overdraft of £20,156 (none utilised as at June 2023). This overdraft was secured by a charge over the company's freehold property, and a fixed and floating charge over the company's assets. The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand. The company expects to operate within the facility currently agreed.
Also Included in creditors due within one year is a company credit card balance for £6,174 (2023: £1,339).
Also Included in creditors due within one year is a Coronavirus Bounce Bank Loan for £5,318 (2023: £5,393).
8
Creditors: amounts falling due after more than one year
2024
2023
Included in creditors due after one year is a Coronavirus Bounce Bank Loan for £3,352 (2023: £8,596).
9
Transactions with related parties
There is a balance due to the directors at the year end amounting to £212,202 (2023: £216,664). This amount is unsecured and interest free.
The balance sheet also contains an amount under other creditors amounting to £205,685 (2023: £185,978). This relates to loans from family members and are unsecured and interest free.
10
Average number of employees
During the year the average number of employees was 5 (2023: 6).