Ward & Sons Holdings Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11657311 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Ward & Sons Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F Ward

REGISTERED OFFICE:

7-9 Victoria Road

Darlington

DL1 5SN

REGISTERED NUMBER:

11657311 (England and Wales)

ACCOUNTANTS:

The Accountant NE Ltd

74 Victoria Road

Darlington

DL1 5JG

FIXED ASSETS

Tangible assets

4

8,675,759

7,774,697

CURRENT ASSETS

Debtors

5

299,501

443,983

Cash at bank and in hand

50,685

179,700

350,186

623,683

CREDITORS

Amounts falling due within one year

6

348,479

587,652

NET CURRENT ASSETS

1,707

36,031

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,677,466

7,810,728

CREDITORS

Amounts falling due after more than
one year

7

(7,569,757

)

(6,573,697

)

PROVISIONS FOR LIABILITIES

(597,190

)

(597,190

)

NET ASSETS

510,519

639,841

CAPITAL AND RESERVES

Called up share capital

4

Retained earnings

510,515

639,837

510,519

639,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 June 2026 and were signed by:

F Ward - Director

1.	STATUTORY INFORMATION

Ward & Sons Holdings Ltd 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.

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.

Turnover

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

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 December 2023

7,750,000

40,959

7,790,959

Additions

877,744

39,835

917,579

At 30 November 2024

8,627,744

80,794

8,708,538

DEPRECIATION

At 1 December 2023

-

16,262

Charge for year

-

16,517

At 30 November 2024

-

32,779

NET BOOK VALUE

At 30 November 2024

8,627,744

48,015

8,675,759

At 30 November 2023

7,750,000

24,697

7,774,697

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Trade debtors

9,476

20,115

Amounts owed by group undertakings

127,741

340,150

Other debtors

162,284

83,718

299,501

443,983

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

Bank loans and overdrafts

6,333

Hire purchase contracts

6,686

Payments on account

81,615

63,079

Trade creditors

205,498

429,338

Taxation and social security

16,431

28,294

Other creditors

31,916

53,922

348,479

587,652

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.11.24

30.11.23

£

Bank loans

6,304,592

5,301,846

Hire purchase contracts

17,459

24,145

Other creditors

1,247,706

7,569,757

6,573,697

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24

30.11.23

£

F Ward

Balance outstanding at start of year

80,606

-

Amounts advanced

60,889

80,606

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

141,495

80,606