A. Howarth Limited Filleted accounts for Companies House (small and micro)
A. Howarth Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06045991
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
5 |
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Net current assets |
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--------- |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
6 |
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Shareholder funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
4 August 2022
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06045991
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Notes to the Financial Statements |
Year ended 30 April 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Broadgate, Broadway Business Park, Chadderton, Oldham, OL9 9XA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Income tax
Tangible assets
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Tangible assets
Investment Land |
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£ |
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Cost |
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At 1 May 2021 and 30 April 2022 |
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Depreciation |
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At 1 May 2021 and 30 April 2022 |
– |
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Carrying amount |
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At 30 April 2022 |
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At 30 April 2021 |
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Tangible assets held at valuation
In the opinion of the director, the net book value represents the market value of the investment land at the year end.
5.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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------- |
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6.
Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
7.
Director's advances, credits and guarantees
Included in creditors is a director's current account balance of £516 (2021: £516). This balance is unsecured, interest free and repayable on demand.
8.
Related party transactions
The company was under the control of
Mrs A. Howarth
throughout the current and previous year. Mrs A. Howarth
is the director of this company and a director and shareholder in the ultimate parent company Howarth Group Holdings Limited. B. Howarth Properties Limited (in liquidation) and Howarth Brothers Properties (2007) Limited are fellow subsidiaries of Howarth Group Limited. Pearlane Estates Limited is a company in which Mrs A. Walker, a director and shareholder in Howarth Group Limited, is a shareholder. Howarth Brothers Haulage Limited is a company in which Mrs J. O'Neill, a director and shareholder in Howarth Group Limited, is a director and sole shareholder.
9.
Controlling party
Until 7 May 2019 the company was a wholly owned subsidiary of Howarth Group Limited, a company incorporated in England and Wales. On 7 May 2019 following a group reorganisation the company is now a wholly owned subsidiary of Howarth Group Holdings Limited, a company incorporated in England and Wales.