REGISTERED NUMBER: 07608456 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Henzell Enterprises Limited

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

P G Henzell

L P Henzell

REGISTERED OFFICE:

Elyhaugh Farm

Longframlington

Morpeth

Northumberland

NE65 8BE

REGISTERED NUMBER:

07608456 (England and Wales)

ACCOUNTANTS:

Thornton Accountancy Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Henzell Enterprises Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Henzell Enterprises Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Henzell Enterprises Limited and state those matters that we have agreed to state to the Board of Directors of Henzell Enterprises Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Henzell Enterprises 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 Henzell Enterprises Limited. You consider that Henzell Enterprises Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Henzell Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Thornton Accountancy Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

3 September 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,604,987

4,578,023

4,604,987

4,578,023

CURRENT ASSETS

Debtors

6

1,123,659

799,924

Cash at bank and in hand

566,010

559,218

1,689,669

1,359,142

CREDITORS

Amounts falling due within one year

7

1,116,023

1,231,105

NET CURRENT ASSETS

573,646

128,037

TOTAL ASSETS LESS CURRENT LIABILITIES

5,178,633

4,706,060

CREDITORS

Amounts falling due after more than one year

8

(658,879

)

(705,880

)

PROVISIONS FOR LIABILITIES

(1,114,448

)

(970,421

)

NET ASSETS

3,405,306

3,029,759

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

3,405,205

3,029,658

SHAREHOLDERS' FUNDS

3,405,306

3,029,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 3 September 2025 and were signed on its behalf by:

L P Henzell - Director

1.	STATUTORY INFORMATION

Henzell Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest pound

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 use of fairvalues for certain financial instruments in accordance with the accounting policies set out below"

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the sale of agricultural and building services. Revenue from services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recovered.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Goodwill is now fully amortised in the accounts

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance per annum and 15% on reducing balance per annum

Tangible assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease.

The aggregate benefit of any lease incentives are spread over the the lease term on a straight line basis.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Trade and other debtors

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently amortised cost, net of impairment.

Trade and other creditors

Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised costs using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

29,760

AMORTISATION

At 1 April 2024

and 31 March 2025

29,760

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

111,521

6,266,335

6,377,856

Additions

-

1,186,244

1,186,244

Disposals

-

(670,150

)

(670,150

)

At 31 March 2025

111,521

6,782,429

6,893,950

DEPRECIATION

At 1 April 2024

-

1,799,833

1,799,833

Charge for year

-

799,068

799,068

Eliminated on disposal

-

(309,938

)

(309,938

)

At 31 March 2025

-

2,288,963

2,288,963

NET BOOK VALUE

At 31 March 2025

111,521

4,493,466

4,604,987

At 31 March 2024

111,521

4,466,502

4,578,023

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,122,856

600,835

Other debtors

803

199,089

1,123,659

799,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

40,000

10,000

Hire purchase contracts

509,404

686,994

Trade creditors

326,562

445,260

Tax

4,472

-

Social security and other taxes

27,422

22,232

VAT

127,211

-

Other creditors

6,171

6,603

Net wages

67,506

52,799

Pension

4,719

4,470

Directors' current accounts

557

748

Accrued expenses

1,999

1,999

1,116,023

1,231,105

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

69,243

75,996

Hire purchase contracts

589,636

629,884

658,879

705,880

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

1,099,040

1,316,878

Hire purchase and lease purchase agreements are secured on the assets concerned.