Henny Limited 30/09/2021 iXBRL

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Company registration number: 06368402

Henny Limited

Unaudited filleted abridged financial statements

30 September 2021

Henny Limited

Contents

Accountant's report

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Henny Limited

Chartered accountant's report to the director on the preparation of the

unaudited statutory financial statements of Henny Limited

Year ended 30 September 2021

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Henny Limited for the year ended 30 September 2021 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Henny Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Henny Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Henny Limited and its director as a body for my work or for this report.

It is your duty to ensure that Henny Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Henny Limited. You consider that Henny Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Henny Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

S Nunn and Co Limited

Chartered Accountants

Unit 2, Guards Avenue

Caterham

Surrey

CR3 5XL

28 June 2022

Henny Limited

Abridged statement of financial position

30 September 2021

		2021		2020
	Note	£	£	£	£

Fixed assets
Tangible assets	5	172,834		152,820
		_______		_______
			172,834		152,820

Current assets
Stocks		515,388		547,850
Debtors		1,193,509		993,480
Cash at bank and in hand		1,669		432,957
		_______		_______
		1,710,566		1,974,287
Creditors: amounts falling due
within one year		( 610,914)		( 716,862)
		_______		_______
Net current assets			1,099,652		1,257,425
			_______		_______
Total assets less current liabilities			1,272,486		1,410,245


Provisions for liabilities			( 32,600)		-

			_______		_______
Net assets			1,239,886		1,410,245
			_______		_______

Capital and reserves
Called up share capital			140		140
Profit and loss account			1,239,746		1,410,105
			_______		_______
Shareholders funds			1,239,886		1,410,245
			_______		_______

For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 September 2021 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 28 June 2022 , and are signed on behalf of the board by:

Mr M. Pearson

Director

Company registration number: 06368402

Henny Limited

Statement of changes in equity

Year ended 30 September 2021

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 October 2019	140	1,013,482	1,013,622

Profit for the year		600,083	600,083
	_______	_______	_______
Total comprehensive income for the year	-	600,083	600,083

Dividends paid and payable		( 203,460)	( 203,460)
	_______	_______	_______
Total investments by and distributions to owners	-	( 203,460)	( 203,460)

	_______	_______	_______
At 30 September 2020 and 1 October 2020	140	1,410,105	1,410,245

Profit for the year		77,640	77,640
	_______	_______	_______
Total comprehensive income for the year	-	77,640	77,640

Dividends paid and payable		( 247,999)	( 247,999)
	_______	_______	_______
Total investments by and distributions to owners	-	( 247,999)	( 247,999)

	_______	_______	_______
At 30 September 2021	140	1,239,746	1,239,886
	_______	_______	_______

Henny Limited

Notes to the financial statements

Year ended 30 September 2021

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is S Nunn & Co Ltd, Unit 2, Guards Avenue, The Village, Caterham on the Hill, Surrey CR3 5XL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover is measured at the fair value of the consideration receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

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

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

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

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets .

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 stocks to their present location and condition.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.

Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.

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.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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 persons employed by the company during the year amounted to 11 (2020: 12 ).

5. Tangible assets


		£
	Cost
	At 1 October 2020	318,803
	Additions	77,625
		_______
	At 30 September 2021	396,428
		_______
	Depreciation
	At 1 October 2020	165,983
	Charge for the year	57,611
		_______
	At 30 September 2021	223,594
		_______
	Carrying amount
	At 30 September 2021	172,834
		_______
	At 30 September 2020	152,820
		_______

6. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2021
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr M. Pearson	168,728	( 110,306)	58,422
		_______	_______	_______

2020
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr M. Pearson	15,282	153,446	168,728
		_______	_______	_______

7. Related party transactions

During the year, dividends of £85,000 were paid to the director of the Company.

8. Controlling party

Mr M. Pearson and Mrs S. Pearson are the beneficial owners of 50% each of the issued voting shares and are therefore the ultimate controlling parties.