Howard Butler Limited - Accounts to registrar (filleted) - small 18.2
Howard Butler Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements |
for the period |
1st April 2017 to 30th September 2018 |
for |
HOWARD BUTLER LIMITED |
HOWARD BUTLER LIMITED (REGISTERED NUMBER: 00255259) |
Contents of the Financial Statements |
for the period 1st April 2017 to 30th September 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HOWARD BUTLER LIMITED |
Company Information |
for the period 1st April 2017 to 30th September 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
(The practising name of |
Baker (Midlands) Limited) |
Arbor House |
Broadway North |
Walsall |
WS1 2AN |
HOWARD BUTLER LIMITED (REGISTERED NUMBER: 00255259) |
Balance Sheet |
30th September 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Investments | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Revaluation reserve | 10 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 on |
HOWARD BUTLER LIMITED (REGISTERED NUMBER: 00255259) |
Notes to the Financial Statements |
for the period 1st April 2017 to 30th September 2018 |
1. | STATUTORY INFORMATION |
Howard Butler Limited is a |
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 |
The financial statements are presented in sterling which is the functional currency of the company and rounded |
to the nearest £1. |
The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
Preparation of consolidated financial statements |
The financial statements contain information about Howard Butler Limited as an individual company and do |
not contain consolidated financial information as the parent of a group. The company is exempt under Section |
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
Significant judgements and estimates |
The preparation of the financial statements requires management to make judgements, estimates and |
assumptions that affect the amounts reported for assets and liabilities at the balance sheet date and the |
amounts reported for revenues and expenses during the year. However the nature of estimation means that |
actual outcomes could differ from those estimates. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade |
discounts.The policy adopted for the recognition of turnover is as follows: |
Sale of Goods |
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods |
have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the |
economic benefits associated with the transaction will flow to the company and the costs incurred or to be |
incurred in respect of the transaction can be measured reliably. This is usually on the dispatch of goods. |
HOWARD BUTLER LIMITED (REGISTERED NUMBER: 00255259) |
Notes to the Financial Statements - continued |
for the period 1st April 2017 to 30th September 2018 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any |
accumulated impairment losses. Historical cost includes any expenditure that is directly attributable to bringing |
the asset to the location and condition necessary for it to be capable of operating in the manner intended by |
management. |
The carrying values of tangible fixed assets are reviewed for impairment when events or changes in |
circumstances indicate the carrying value may not be recoverable. |
Investments in subsidiaries and associates |
Investments in subsidiaries and associates are recognised at cost less any necessary impairment. |
Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stocks are |
recognised as an expense in the period in which the related turnover is recognised. |
Cost is determined on the first-in, first-out (FIFO) method. Cost includes the purchase price, including taxes and |
duties and transport and handling directly attributable to bringing the stock to its present location and |
condition. The cost of finished goods and work in progress includes raw materials, direct labour and other |
direct costs and related production overheads (based on normal operating capacity). |
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the |
identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is |
recognised in the profit and loss account. Where a reversal of the impairment is recognised the impairment |
charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss |
account. |
Taxation |
Taxation for the period 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 period 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. |
HOWARD BUTLER LIMITED (REGISTERED NUMBER: 00255259) |
Notes to the Financial Statements - continued |
for the period 1st April 2017 to 30th September 2018 |
2. | ACCOUNTING POLICIES - continued |
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
Employee benefits |
The company provides a range of benefits to employees, including annual bonus arrangements and defined |
contribution pension plans. |
i. Short term benefits |
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an |
expense in the period in which the service is received. |
ii. Defined contribution pension plans |
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension |
plan under which the company pays fixed contributions into a separate entity. Once the contributions have |
been paid the company has no further payment obligations. The contributions are recognised as an expense |
when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are |
held separately from the company in independently administered funds. |
Short term debtors and creditors |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative expenses. |
Cash and cash equivalents |
Cash comprise cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments |
that mature in no more than three months from the date of acquisition and that are readily convertible to |
known amounts of cash with an insignificant risk of change in value |
Provisions |
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past |
event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be |
reliably estimated. |
Impairment |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each |
balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating |
unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable |
amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount |
where the impairment loss is a revaluation decrease. |
HOWARD BUTLER LIMITED (REGISTERED NUMBER: 00255259) |
Notes to the Financial Statements - continued |
for the period 1st April 2017 to 30th September 2018 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st April 2017 |
Additions |
Disposals | ( |
) |
At 30th September 2018 |
DEPRECIATION |
At 1st April 2017 |
Charge for period |
Eliminated on disposal | ( |
) |
At 30th September 2018 |
NET BOOK VALUE |
At 30th September 2018 |
At 31st March 2017 |
5. | FIXED ASSET INVESTMENTS |
Interest |
Shares in | in |
group | associate |
undertakings | undertaking | Totals |
£ | £ | £ |
COST |
At 1st April 2017 |
and 30th September 2018 | 93,218 |
NET BOOK VALUE |
At 30th September 2018 | 93,218 |
At 31st March 2017 | 93,218 |
HOWARD BUTLER LIMITED (REGISTERED NUMBER: 00255259) |
Notes to the Financial Statements - continued |
for the period 1st April 2017 to 30th September 2018 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Tax |
Prepayments and accrued income |
7. | CURRENT ASSET INVESTMENTS |
2018 | 2017 |
£ | £ |
Listed investments | 38,030 | 211,416 |
These investments are shown at market value at the balance sheet date. |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Other creditors relate to accruals. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 | 76,460 | 76,460 |
10. | RESERVES |
Revaluation |
reserve |
£ |
At 1st April 2017 |
Realised on disposal | (15,966 | ) |
Current asset revaluation | (4,175 | ) |
At 30th September 2018 |
HOWARD BUTLER LIMITED (REGISTERED NUMBER: 00255259) |
Notes to the Financial Statements - continued |
for the period 1st April 2017 to 30th September 2018 |
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
12. | FINANCIAL COMMITMENTS |
Total financial commitments under non-cancellable operating leases which are not included in the balance |
sheet amount to £6,048. (2017 : £11,232) |