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

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

H. GWYTHER & SON LIMITED - Company Information

Print Friendly Version

2020-02-01 00748220 2021-01-31 00748220 2020-02-01 2021-01-31 00748220 2020-01-31 00748220 2019-02-01 2020-01-31 00748220 uk-core:WithinOneYear 2020-01-31 00748220 uk-core:WithinOneYear 2021-01-31 00748220 uk-core:AfterOneYear 2020-01-31 00748220 uk-core:AfterOneYear 2021-01-31 00748220 uk-core:ShareCapital 2021-01-31 00748220 uk-core:ShareCapital 2020-01-31 00748220 uk-core:InvestmentPropertiesRevaluationReserve 2021-01-31 00748220 uk-core:InvestmentPropertiesRevaluationReserve 2020-01-31 00748220 uk-core:RetainedEarningsAccumulatedLosses 2021-01-31 00748220 uk-core:RetainedEarningsAccumulatedLosses 2020-01-31 00748220 uk-bus:Director1 2020-02-01 2021-01-31 00748220 uk-core:Buildings 2020-02-01 2021-01-31 00748220 uk-core:PlantMachinery 2020-02-01 2021-01-31 00748220 uk-core:CommercialMotorVehicles 2020-02-01 2021-01-31 00748220 uk-core:FurnitureFittings 2020-02-01 2021-01-31 00748220 uk-core:FurnitureFittings 2020-01-31 00748220 uk-core:CommercialMotorVehicles 2020-01-31 00748220 uk-core:PlantMachinery 2020-01-31 00748220 uk-core:Buildings 2020-01-31 00748220 uk-core:PlantMachinery 2021-01-31 00748220 uk-core:CommercialMotorVehicles 2021-01-31 00748220 uk-core:FurnitureFittings 2021-01-31 00748220 uk-core:Buildings 2021-01-31 00748220 uk-core:WithinOneYear 2021-01-31 00748220 uk-core:WithinOneYear 2020-01-31 iso4217:GBP xbrli:pure 00748220 uk-bus:AuditExemptWithAccountantsReport 2020-02-01 2021-01-31 00748220 uk-bus:FRS102 2020-02-01 2021-01-31 00748220 uk-bus:FullAccounts 2020-02-01 2021-01-31 00748220 uk-bus:PrivateLimitedCompanyLtd 2020-02-01 2021-01-31
H. Gwyther & Son Limited
Registered Number:00748220
For the year ended 31 January 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2021
H. Gwyther & Son Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
00748220
As at 31 January 2021
H. Gwyther & Son Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
32,125
91,461
2
3
411,555
325,000
Investment property
443,680
416,461
Current assets
Inventories
26,768
28,676
4
Trade and other receivables
500
403
5
17,812
Cash and cash equivalents
9,445
38,524
45,080
Trade and other payables: amounts falling due within one
year
(18,857)
(15,622)
6
26,223
22,902
Net current assets
Total assets less current liabilities
466,582
442,684
Trade and other payables: amounts falling due after more
than one year
(80,747)
(114,500)
7
(37,736)
(38,813)
Provisions for liabilities
314,346
Net assets
323,124
Capital and reserves
Called up share capital
5,000
5,000
Fair value reserve
394,435
394,435
Retained earnings
(85,089)
(76,311)
314,346
323,124
Shareholders' funds
For the year ended 31 January 2021 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 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
1 of 5
4
Registered Number :
00748220
For the year ended 31 January 2021
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 26 May 2021 and were signed by:
The notes form part of these financial statements
2 of 5
5
For the year ended 31 January 2021
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.
3 of 5
6
For the year ended 31 January 2021
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 2020
176,324
-
6,896
49,428
120,000
3,091
3,091
-
-
-
Additions
Transfers
(60,000)
-
-
-
(60,000)
At 31 January 2021
49,428
6,896
3,091
119,415
60,000
Provision for depreciation and impairment
At 01 February 2020
84,863
-
6,605
44,825
33,433
Charge for year
2,427
464
73
690
1,200
At 31 January 2021
87,290
464
6,678
45,515
34,633
At 31 January 2021
Net book value
25,367
3,913
218
2,627
32,125
At 31 January 2020
86,567
4,603
291
-
91,461
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as
follows:
Historical cost
£
16,223
At 01 February 2020
Depreciation
2,274
At 01 February 2020
At 31 January 2021
2,274
13,949
Net historical cost value:
At 31 January 2020
At 31 January 2021
13,949
3. Investment property
Total
£
Fair value
At 01 February 2020
325,000
Additions
26,555
Transfers
60,000
At 31 January 2021
411,555
Net book value
At 31 January 2021
411,555
At 31 January 2020
325,000
4 of 5
7
For the year ended 31 January 2021
H. Gwyther & Son Limited
Notes to the Financial Statements Continued
4. Inventories
2020
2021
£
£
Stocks
28,676
26,768
5. Trade and other receivables
2020
2021
£
£
Trade debtors
-
500
Taxation and social security
403
-
500
403
6. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft
7,500
7,500
Taxation and social security
709
6,015
Accruals and deferred income
4,888
2,817
Directors' loan accounts
2,525
2,525
15,622
18,857
7. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft (secured)
114,500
80,747
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 (2020 : 6)
5 of 5