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2024-01-01
Sage Accounts Production Advanced 2024 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
00227588
2024-01-01
2024-12-31
00227588
2024-12-31
00227588
2023-12-31
00227588
2023-01-01
2023-12-31
00227588
2023-12-31
00227588
2022-12-31
00227588
core:LandBuildings
core:LongLeaseholdAssets
2024-01-01
2024-12-31
00227588
core:PlantMachinery
2024-01-01
2024-12-31
00227588
core:FurnitureFittings
2024-01-01
2024-12-31
00227588
core:MotorVehicles
2024-01-01
2024-12-31
00227588
bus:LeadAgentIfApplicable
2024-01-01
2024-12-31
00227588
bus:Director3
2024-01-01
2024-12-31
00227588
core:WithinOneYear
2024-12-31
00227588
core:WithinOneYear
2023-12-31
00227588
core:AfterOneYear
2024-12-31
00227588
core:AfterOneYear
2023-12-31
00227588
core:ShareCapital
2024-12-31
00227588
core:ShareCapital
2023-12-31
00227588
core:SharePremium
2024-12-31
00227588
core:SharePremium
2023-12-31
00227588
core:RetainedEarningsAccumulatedLosses
2024-12-31
00227588
core:RetainedEarningsAccumulatedLosses
2023-12-31
00227588
core:MoreThanFiveYears
2024-12-31
00227588
core:MoreThanFiveYears
2023-12-31
00227588
core:CostValuation
core:Non-currentFinancialInstruments
2023-12-31
00227588
core:DisposalsRepaymentsInvestments
core:Non-currentFinancialInstruments
2024-12-31
00227588
core:Non-currentFinancialInstruments
2023-12-31
00227588
bus:Director1
2024-01-01
2024-12-31
00227588
bus:SmallEntities
2024-01-01
2024-12-31
00227588
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2024-01-01
2024-12-31
00227588
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2024-01-01
2024-12-31
00227588
bus:PrivateLimitedCompanyLtd
2024-01-01
2024-12-31
00227588
bus:AbridgedAccounts
2024-01-01
2024-12-31
|
STATEMENT OF CONSENT TO PREPARE FINANCIAL STATEMENTS |
|
All of the members of Haws Watering Cans Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
00227588
|
HAWS WATERING CANS LIMITED |
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
|
HAWS WATERING CANS LIMITED |
|
|
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
HAWS WATERING CANS LIMITED |
|
YEAR ENDED 31 DECEMBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Haws Watering Cans Limited for the year ended 31 December 2024, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.
LANGARD LIFFORD HALL LIMITED
Accountants and Registered Auditors
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
19 August 2025
|
HAWS WATERING CANS LIMITED |
|
|
ABRIDGED STATEMENT OF FINANCIAL POSITION |
|
31 December 2024
Fixed assets
|
Tangible assets |
5 |
|
619,930 |
|
654,137 |
|
Investments |
6 |
|
– |
|
5,000 |
|
|
------------ |
|
------------ |
|
|
619,930 |
|
659,137 |
|
|
|
|
|
|
Current assets
|
Stocks |
1,252,212 |
|
1,267,626 |
|
|
Debtors |
271,599 |
|
195,501 |
|
|
Cash at bank and in hand |
450,130 |
|
481,962 |
|
|
-------------- |
|
-------------- |
|
|
1,973,941 |
|
1,945,089 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
957,127 |
|
912,992 |
|
|
-------------- |
|
-------------- |
|
|
Net current assets |
|
1,016,814 |
|
1,032,097 |
|
|
-------------- |
|
-------------- |
|
Total assets less current liabilities |
|
1,636,744 |
|
1,691,234 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
70,620 |
|
71,760 |
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
43,849 |
|
51,104 |
|
|
-------------- |
|
-------------- |
|
Net assets |
|
1,522,275 |
|
1,568,370 |
|
|
-------------- |
|
-------------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
6,666 |
|
6,666 |
|
Share premium account |
|
249,334 |
|
249,334 |
|
Profit and loss account |
|
1,266,275 |
|
1,312,370 |
|
|
-------------- |
|
-------------- |
|
Shareholders funds |
|
1,522,275 |
|
1,568,370 |
|
|
-------------- |
|
-------------- |
|
|
|
|
|
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 income and retained earnings has not been delivered.
|
HAWS WATERING CANS LIMITED |
|
|
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
|
31 December 2024
For the year ending 31 December 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
19 August 2025
, and are signed on behalf of the board by:
Company registration number:
00227588
|
HAWS WATERING CANS LIMITED |
|
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 DECEMBER 2024
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 120 Beakes Road, Smethwick, Warley, West Midlands, B67 5AB.
2.
Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or 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.
Income tax
Deferred taxation is provided on the liability method in respect of the taxation effect of all timing differences to the extent that tax liabilities are likely to crystallise in the foreseeable future.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the balance sheet. Exchange differences are taken into account when arriving at the operating profit.
Tangible assets
Tangible assets are initially recorded at cost, and 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
|
Leasehold Property |
- |
1% straight line |
|
Plant and Machinery |
- |
15% reducing balance |
|
Fixtures and Fittings |
- |
15% reducing balance |
|
Motor Vehicles |
- |
25% reducing balance |
|
|
|
|
Tooling- 33% straight line basis Computer equipment - 20% straight line basis
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Raw materials are valued at the lower of cost and net realisable value. Cost is first computed on a first in first out basis. Net realisable value is based on estimated selling price less the estimated cost of disposal. Work in progress and finished goods are valued at selling price.
Government grants
Government grants on capital expenditure are credited to a deferral account and are released to revenue over the expected useful life of the relevant asset by equal annual instalments.
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 abridged 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 as a finance cost in profit or loss in the period it arises.
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
24
(2023:
24
).
5.
Tangible Assets
|
£ |
|
Cost |
|
|
At 1 January 2024 |
1,880,059 |
|
Additions |
2,928 |
|
Disposals |
(
15,410) |
|
-------------- |
|
At 31 December 2024 |
1,867,577 |
|
-------------- |
|
Depreciation |
|
|
At 1 January 2024 |
1,225,922 |
|
Charge for the year |
36,877 |
|
Disposals |
(
15,152) |
|
-------------- |
|
At 31 December 2024 |
1,247,647 |
|
-------------- |
|
Carrying amount |
|
|
At 31 December 2024 |
619,930 |
|
-------------- |
|
At 31 December 2023 |
654,137 |
|
-------------- |
|
|
6.
Investments
|
£ |
|
Cost |
|
|
At 1 January 2024 |
5,000 |
|
Disposals |
(
5,000) |
|
------------ |
|
At 31 December 2024 |
– |
|
------------ |
|
Impairment |
|
|
At 1 January 2024 and 31 December 2024 |
– |
|
------------ |
|
Carrying amount |
|
|
At 31 December 2023 |
5,000 |
|
------------ |
|
|
7.
Operating Leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2024 |
2023 |
|
£ |
£ |
|
Later than 5 years |
59,250 |
59,250 |
|
|
------------ |
------------ |
|
|
|
|
8.
Director's Advances, Credits and Guarantees
At the balance sheet date the company owed the director £Nil (2023: £Nil).
9.
Related Party Transactions
At the balance sheet date Longitude Engineering Limited was owed by the company £684,693 (2023: £584,693 owed to the company).
10.
Controlling Party
The company's parent undertaking at the balance sheet date was
Longitude Engineering Limited
, a company incorporated in England and Wales. The company's ultimate parent undertaking at the balance sheet date was Papa J Haws Limited
, a company incorporated in England and Wales. During the year the company was controlled by A J Pennock
by way of his shareholding in the issued ordinary share capital in Papa J Haws Limited.