Holman-Wilfley Limited - Filleted accounts

Registered number

02492558

Holman-Wilfley Limited

Unaudited Filleted Accounts

31 August 2025

Holman-Wilfley Limited
Registered number:		02492558
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		619,917			637,487

Current assets
Stocks		300,452			339,109
Debtors	4	411,488			306,008
Cash at bank and in hand		604,861			917,792
		1,316,801			1,562,909

Creditors: amounts falling due within one year	5	(344,487)			(374,908)

Net current assets			972,314			1,188,001

Total assets less current liabilities			1,592,231			1,825,488


Provisions for liabilities			(33,550)			(36,510)


Net assets			1,558,681			1,788,978

Capital and reserves
Called up share capital			7,000			7,000
Profit and loss account			1,551,681			1,781,978

Shareholders' funds			1,558,681			1,788,978

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.




I N Jones
Director
Approved by the board on 8 September 2025

Holman-Wilfley Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	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:

	Freehold buildings			over 100 years
	Plant and machinery			over 25% reducing balance
	Fixtures, fittings, tools and equipment			over 25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					10		11


3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	678,688		138,331		20,944		837,963
	At 31 August 2025	678,688		138,331		20,944		837,963

	Depreciation
	At 1 September 2024	84,128		101,202		15,146		200,476
	Charge for the year	6,775		9,345		1,450		17,570
	At 31 August 2025	90,903		110,547		16,596		218,046

	Net book value
	At 31 August 2025	587,785		27,784		4,348		619,917
	At 31 August 2024	594,560		37,129		5,798		637,487


4	Debtors					2025		2024
£							£

	Trade debtors					195,422		92,749
	Other debtors					216,066		213,259
						411,488		306,008


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					153,985		175,885
	Taxation and social security costs					111,565		145,559
	Other creditors and accruals					78,937		53,464
						344,487		374,908


6	Pension commitments

	The company has no pension commitments other than to settle monthly payroll pension contributions, normally payable in the subsequent month.


7	Controlling party

	The company is not under the control of any one shareholder.


8	Other information

	Holman-Wilfley Limited is a private company limited by shares and incorporated in England. Its registered office is:
	11 Kingfisher Business Park
	Arthur Street, Lakeside
	Redditch
	Worcestershire
	B98 8LG