| Howards (Ebbw Vale) Limited |
| Registered number: |
01405750 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
350,235 |
|
|
350,469 |
| Investments |
4 |
|
|
2,000 |
|
|
2,000 |
|
|
|
|
352,235 |
|
|
352,469 |
|
| Current assets |
| Cash at bank and in hand |
|
|
23,735 |
|
|
21,715 |
|
| Creditors: amounts falling due within one year |
5 |
|
(17,514) |
|
|
(8,971) |
|
| Net current assets |
|
|
|
6,221 |
|
|
12,744 |
|
| Total assets less current liabilities |
|
|
|
358,456 |
|
|
365,213 |
|
|
| Provisions for liabilities |
|
|
|
(17,135) |
|
|
(17,179) |
|
|
| Net assets |
|
|
|
341,321 |
|
|
348,034 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
3,000 |
|
|
3,000 |
| Profit and loss account |
|
|
|
338,321 |
|
|
345,034 |
|
| Shareholders' funds |
|
|
|
341,321 |
|
|
348,034 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr G H Bosson |
| Director |
| Approved by the board on 10 October 2025 |
|
| Howards (Ebbw Vale) Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 4 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
350,000 |
|
937 |
|
350,937 |
|
At 31 March 2025 |
350,000 |
|
937 |
|
350,937 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
468 |
|
468 |
|
Charge for the year |
- |
|
234 |
|
234 |
|
At 31 March 2025 |
- |
|
702 |
|
702 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
350,000 |
|
235 |
|
350,235 |
|
At 31 March 2024 |
350,000 |
|
469 |
|
350,469 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
353,888 |
|
353,888 |
|
Cumulative depreciation based on historical cost |
93,836 |
|
93,836 |
|
|
|
|
|
|
260,052 |
|
260,052 |
During the year ending 31st December 2024 the directors carried out a revaluation of the property and feel that the valuation remains unchanged at £350,000.
The historic cost value of the freehold land and building was £353,888. The property was formerly held as a tangible fixed asset and the freehold buildings were depreciated. Following the cessation of trade on the 30th June 2017 the Land and Buildings were transferred from Tangible Fixed Assest to Investment Property to generate rental income. Any gain or loss under FR102 is now transferred to the profit and loss account as non distributable reserves. |
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
2,000 |
|
|
At 31 March 2025 |
2,000 |
|
Fixed asset investments are stated at historical cost less provision for any diminuation in value. |
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
864 |
|
364 |
|
Income in Advance |
|
|
|
|
1,058 |
|
1,058 |
|
Taxation and social security costs |
5,678 |
|
4,814 |
|
Other creditors |
9,914 |
|
2,735 |
|
|
|
|
|
|
17,514 |
|
8,971 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
No disclosure of related party transactions made as all transactions consider to be at open market values. |
|
| 7 |
Transactions with Directors |
|
|
During the year Director, Mr Gilbert Bosson used a current account with the company to record amounts due to him and amounts drawn by him. The accounts show an amount owing back to Gilbert Bosson as at 31st March 2025 of £8,698.40.(2024: £1,605.08) The amount is repayable on demand and does not carry interest.
During the year Director, Mrs Shelley Bosson used a current account with the company to record amounts due to her and amounts drawn by her. As at 31st March 2025 the account owed £NIL back to Shelley Bosson (2024: £NIL). |
|
| 8 |
Controlling party |
|
|
Mr G H Bosson owns 99.97% of the share capital and his wife, Mrs S A Bosson owns 0.03% of the share capital. Therefore, Mr G H Bosson is the company's ultimate controlling party. |
|
| 9 |
Other information |
|
|
Howards (Ebbw Vale) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
|
Brynrhos |
|
New Road |
|
Crickhowell |
|
NP8 1AT |