Holt Retail Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06855610

Holt Retail Limited

Unaudited financial statements

31 December 2024

Holt Retail Limited

Statement of financial position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Intangible assets	5	57	114
Tangible assets	6	35,680	47,454
		-------	-------
		35,737	47,568

Current assets

Stocks		633,721	640,504
Debtors	7	5,962	5,962
Cash at bank and in hand		1,360	51,937
		---------	---------
		641,043	698,403

Prepayments and accrued income	–		9,000

Creditors: Amounts falling due within one year	8	( 604,320)		( 638,736)
		---------		---------
Net current assets			36,723		68,667
			-------		---------
Total assets less current liabilities			72,460		116,235

Creditors: Amounts falling due after more than one year	9		( 4,167)		( 14,167)

Provisions

Taxation including deferred tax		( 2,442)		( 7,595)

Accruals	–	( 2,800)
	-------	---------
Net assets	65,851	91,673
	-------	---------

Capital and reserves

Called up share capital	10	1,000	1,000
Profit and loss account		64,851	90,673
		-------	-------
Shareholders funds		65,851	91,673
		-------	-------

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 statement of income and retained earnings has not been delivered.

Holt Retail Limited

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.

Directors' 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 directors acknowledge their 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 30 September 2025 , and are signed on behalf of the board by:

Mr I W Furniss

Director

Company registration number: 06855610

Holt Retail 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 Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB, United Kingdom.

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

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

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Patents, trademarks and licences	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Long leasehold property	-	10% straight line
Fixtures and fittings	-	10% straight line
Equipment	-	20% straight line

Impairment of fixed assets

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.

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 stock to its present location and condition.

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 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.

4. Employee numbers

The average number of employees during the year was 19 (2023: 18 ).

5. Intangible assets

	Patents, trademarks and licences
	£
Cost
At 1 January 2024 and 31 December 2024	575
	----
Amortisation
At 1 January 2024	461
Charge for the year	57
	----
At 31 December 2024	518
	----
Carrying amount
At 31 December 2024	57
	----
At 31 December 2023	114
	----

6. Tangible assets

	Long leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024 and 31 December 2024	13,350	92,405	10,132	115,887
	-------	-------	-------	---------
Depreciation
At 1 January 2024	10,638	50,362	7,433	68,433
Charge for the year	1,199	9,240	1,335	11,774
	-------	-------	-------	---------
At 31 December 2024	11,837	59,602	8,768	80,207
	-------	-------	-------	---------
Carrying amount
At 31 December 2024	1,513	32,803	1,364	35,680
	-------	-------	-------	---------
At 31 December 2023	2,712	42,043	2,699	47,454
	-------	-------	-------	---------

7. Debtors

	2024	2023
	£	£
Other debtors	5,962	5,962
	------	------

8. Creditors: Amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	109,668	72,020
Social security and other taxes	80,235	100,287
Other creditors	404,417	456,429
	---------	---------
	604,320	638,736
	---------	---------

9. Creditors: Amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	4,167	14,167
	------	-------

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	------	------	------	------

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	101,750	101,750
Later than 1 year and not later than 5 years	238,094	303,844
Later than 5 years	15,000	51,000
	---------	---------
	354,844	456,594
	---------	---------