Roy Henry & Co Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01563161 (England and Wales)

Financial Statements

for the Year Ended 30 September 2021

for

Roy Henry & Co Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R E Halsall

N D Andrews

P R Bullen

SECRETARY:

N D Andrews

REGISTERED OFFICE:

Oriel House

2-8 Oriel Road

Bootle

Merseyside

L20 7EP

REGISTERED NUMBER:

01563161 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2/8 Oriel Road

Bootle

Merseyside

L20 7EP

BANKERS:

National Westminster Bank plc

1 Liverpool Road

Crosby

Liverpool

Merseyside

L23 2TD

FIXED ASSETS

Tangible assets

4

117,271

29,782

CURRENT ASSETS

Stocks

534,084

277,417

Debtors

5

2,285,082

1,200,425

Cash at bank and in hand

5,395

23,300

2,824,561

1,501,142

CREDITORS

Amounts falling due within one year

6

2,127,571

788,930

NET CURRENT ASSETS

696,990

712,212

TOTAL ASSETS LESS CURRENT LIABILITIES

814,261

741,994

CAPITAL AND RESERVES

Called up share capital

8

3,480

3,480

Capital redemption reserve

28,040

28,040

Retained earnings

782,741

710,474

SHAREHOLDERS' FUNDS

814,261

741,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2022 and were signed on its behalf by:

R E Halsall - Director

1.	STATUTORY INFORMATION

Roy Henry & Co Limited is a private company, limited by shares , registered in England and Wales. The 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of goods sold during the period, net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2020

3,333

45,426

67,708

9,709

126,176

Additions

-

1,748

117,040

-

118,788

Disposals

-

-

(67,708

)

-

(67,708

)

At 30 September 2021

3,333

47,174

117,040

9,709

177,256

DEPRECIATION

At 1 October 2020

3,286

42,221

43,611

7,276

96,394

Charge for year

12

803

5,779

608

7,202

Eliminated on disposal

-

-

(43,611

)

-

(43,611

)

At 30 September 2021

3,298

43,024

5,779

7,884

59,985

NET BOOK VALUE

At 30 September 2021

35

4,150

111,261

1,825

117,271

At 30 September 2020

47

3,205

24,097

2,433

29,782

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2020

33,784

Disposals

(33,784

)

At 30 September 2021

-

DEPRECIATION

At 1 October 2020

20,125

Eliminated on disposal

(20,125

)

At 30 September 2021

-

NET BOOK VALUE

At 30 September 2021

-

At 30 September 2020

13,659

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

2,275,925

1,175,036

Other debtors

9,157

25,389

2,285,082

1,200,425

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans and overdrafts

798,463

5,612

Hire purchase contracts

-

4,739

Trade creditors

791,125

609,569

Taxation and social security

329,596

162,369

Other creditors

208,387

6,641

2,127,571

788,930

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.21

30.9.20

£

£

Bank overdrafts

798,463

5,612

Hire purchase contracts

-

4,739

798,463

10,351

The invoice discounting facility, disclosed above in bank loans & overdrafts, is secured by a specific equitable charge over all the present and future assets.

The hire purchase contracts are secured against the related assets.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.21

30.9.20

value:

£

£

3,480

Ordinary

£1

3,480

3,480

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2021 and 30 September 2020:

30.9.21

30.9.20

£

£

R E Halsall

Balance outstanding at start of year

512

-

Amounts advanced

11,728

17,444

Amounts repaid

(12,240

)

(16,932

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

512

N D Andrews

Balance outstanding at start of year

512

-

Amounts advanced

11,950

12,512

Amounts repaid

(12,462

)

(12,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

512