H. Gwyther & Son Limited,Ltd - AccountsLtd - Accounts

H. GWYTHER & SON LIMITED - Company Information

2021-02-01 00748220 2022-01-31 00748220 2021-02-01 2022-01-31 00748220 2021-01-31 00748220 2020-02-01 2021-01-31 00748220 uk-core:WithinOneYear 2021-01-31 00748220 uk-core:WithinOneYear 2022-01-31 00748220 uk-core:AfterOneYear 2021-01-31 00748220 uk-core:AfterOneYear 2022-01-31 00748220 uk-core:ShareCapital 2022-01-31 00748220 uk-core:ShareCapital 2021-01-31 00748220 uk-core:InvestmentPropertiesRevaluationReserve 2022-01-31 00748220 uk-core:InvestmentPropertiesRevaluationReserve 2021-01-31 00748220 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 00748220 uk-core:RetainedEarningsAccumulatedLosses 2021-01-31 00748220 uk-bus:Director1 2021-02-01 2022-01-31 00748220 uk-core:Buildings 2021-02-01 2022-01-31 00748220 uk-core:PlantMachinery 2021-02-01 2022-01-31 00748220 uk-core:CommercialMotorVehicles 2021-02-01 2022-01-31 00748220 uk-core:FurnitureFittings 2021-02-01 2022-01-31 00748220 uk-core:FurnitureFittings 2021-01-31 00748220 uk-core:CommercialMotorVehicles 2021-01-31 00748220 uk-core:PlantMachinery 2021-01-31 00748220 uk-core:Buildings 2021-01-31 00748220 uk-core:PlantMachinery 2022-01-31 00748220 uk-core:CommercialMotorVehicles 2022-01-31 00748220 uk-core:FurnitureFittings 2022-01-31 00748220 uk-core:Buildings 2022-01-31 00748220 uk-core:WithinOneYear uk-core:Secured 2022-01-31 00748220 uk-core:WithinOneYear uk-core:Secured 2021-01-31 00748220 uk-core:WithinOneYear 2022-01-31 00748220 uk-core:WithinOneYear 2021-01-31 00748220 uk-core:AfterOneYear uk-core:Secured 2022-01-31 00748220 uk-core:AfterOneYear uk-core:Secured 2021-01-31 iso4217:GBP xbrli:pure 00748220 uk-bus:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 00748220 uk-bus:FRS102 2021-02-01 2022-01-31 00748220 uk-bus:FullAccounts 2021-02-01 2022-01-31 00748220 uk-bus:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31

H. Gwyther & Son Limited

Registered Number:00748220

For the year ended 31 January 2022

England and Wales

Unaudited Financial Statements

For the year ended 31 January 2022

H. Gwyther & Son Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

00748220

As at 31 January 2022

H. Gwyther & Son Limited

Statement of Financial Position

2021

2022

Notes

Fixed assets

Property, plant and equipment

33,066

32,125

411,555

Investment property

444,621

443,680

Current assets

Inventories

28,676

6,161

Trade and other receivables

403

498

9,445

Cash and cash equivalents

6,659

38,524

Trade and other payables: amounts falling due within one

year

(15,622)

(46,635)

22,902

(39,976)

Net current liabilities

Total assets less current liabilities

404,645

466,582

Trade and other payables: amounts falling due after more

than one year

(114,500)

(91,821)

(38,655)

(37,736)

Provisions for liabilities

274,169

Net assets

314,346

Capital and reserves

Called up share capital

5,000

Fair value reserve

394,435

Retained earnings

(125,266)

(85,089)

274,169

314,346

Shareholders' funds

For the year ended 31 January 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Registered Number :

00748220

For the year ended 31 January 2022

H. Gwyther & Son Limited

Statement of Financial Position Continued

Paula Middleton Director

These financial statements were approved and authorised for issue by the Board on 21 September 2022 and were signed by:

The notes form part of these financial statements

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For the year ended 31 January 2022

H. Gwyther & Son Limited

Notes to the Financial Statements

Statutory Information

H. Gwyther & Son Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 00748220.

Registered address:

33 Church Street

Bishops Castle

Shropshire

SY9 5AD

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings

2% Straight line

Plant and Machinery

15% Reducing balance

25% Reducing balance

Motor Vehicles

15% Reducing balance

Furniture and Fittings

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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For the year ended 31 January 2022

H. Gwyther & Son Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Furniture and

Fittings

Motor Vehicles

Plant and

Machinery

Land and

Buildings

Cost or

valuation

At 01 February 2021

119,415

3,091

6,896

49,428

60,000

3,738

3,184

554

Additions

At 31 January 2022

49,982

6,896

6,275

123,153

60,000

Provision for depreciation and impairment

At 01 February 2021

87,290

464

6,678

45,515

34,633

Charge for year

2,797

872

670

1,200

At 31 January 2022

90,087

1,336

6,733

46,185

35,833

At 31 January 2022

Net book value

24,167

3,797

163

4,939

33,066

At 31 January 2021

25,367

3,913

218

2,627

32,125

In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as

follows:

Historical cost

22,783

At 01 February 2021

Depreciation

13,161

At 01 February 2021

Charge for year

456

At 31 January 2022

13,617

9,622

Net historical cost value:

At 31 January 2021

At 31 January 2022

9,166

3. Investment property

Total

Fair value

At 01 February 2021

411,555

At 31 January 2022

411,555

Net book value

At 31 January 2022

411,555

At 31 January 2021

411,555

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For the year ended 31 January 2022

H. Gwyther & Son Limited

Notes to the Financial Statements Continued

4. Inventories

2021

2022

Stocks

6,161

28,676

5. Trade and other receivables

2021

2022

Prepayments and accrued income

498

Taxation and social security

403

498

6. Trade and other payables: amounts falling due within one year

2021

2022

Bank loans and overdraft (secured)

8,595

Bank loans and overdraft

32,304

7,500

Taxation and social security

617

709

Accruals and deferred income

2,725

4,888

Directors' loan accounts

2,394

2,525

46,635

15,622

7. Trade and other payables: amounts falling due after more than one year

2021

2022

Bank loans and overdraft

29,011

42,000

Bank loans and overdraft (secured)

62,810

72,500

91,821

114,500

8. Guarantees and other financial commitments

Guarantees and contingent assets and liabilities

HSBC Bank have a mortgage charge over the property, 31-33 Church Street Bishops Castle, SY9 5AD.

9. Average number of persons employed

During the year the average number of employees was 2 (2021 : 2)

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For the year ended 31 January 2022

H. Gwyther & Son Limited

Notes to the Financial Statements Continued

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