A. Holden & Son (Littleborough) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00804390 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

A. Holden & Son (Littleborough) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Miss A Palmer

Mr J E Burke

SECRETARY:

Miss A Palmer

REGISTERED OFFICE:

95 Church Street

Littleborough

OL15 8AA

REGISTERED NUMBER:

00804390 (England and Wales)

ACCOUNTANTS:

Versatile Accountancy Services Ltd

The Old Printworks

65 Church Street

Littleborough

Lancashire

OL15 8AB

FIXED ASSETS

Tangible assets

4

198,894

206,899

CURRENT ASSETS

Debtors

5

118,226

117,706

Cash at bank

3,622

14,834

121,848

132,540

CREDITORS

Amounts falling due within one year

6

202,188

214,569

NET CURRENT LIABILITIES

(80,340

)

(82,029

)

TOTAL ASSETS LESS CURRENT LIABILITIES

118,554

124,870

PROVISIONS FOR LIABILITIES

8

1,215

1,429

NET ASSETS

117,339

123,441

CAPITAL AND RESERVES

Called up share capital

9

35,000

35,000

Revaluation reserve

10

64,683

66,993

Retained earnings

10

17,656

21,448

SHAREHOLDERS' FUNDS

117,339

123,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by:

Miss A Palmer - Director

1.	STATUTORY INFORMATION

A. Holden & Son (Littleborough) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

in accordance with the property

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2022

and 31 December 2022

275,000

18,380

13,654

307,034

DEPRECIATION

At 1 January 2022

75,625

12,448

12,062

100,135

Charge for year

6,875

891

239

8,005

At 31 December 2022

82,500

13,339

12,301

108,140

NET BOOK VALUE

At 31 December 2022

192,500

5,041

1,353

198,894

At 31 December 2021

199,375

5,932

1,592

206,899

Cost or valuation at 31 December 2022 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Valuation in 1985

84,513

-

-

84,513

Valuation in 2003

12,219

-

-

12,219

Valuation in 2005

17,757

-

-

17,757

Valuation in 2011

(10,000

)

-

-

(10,000

)

Cost

170,511

18,380

13,654

202,545

275,000

18,380

13,654

307,034

If freehold property had not been revalued it would have been included at the following historical cost:

31.12.22

31.12.21

£

£

Cost

170,511

170,511

Aggregate depreciation

88,556

88,556

Freehold property was valued on an open market basis basis on 9 August 2010 by Petty - Chartered Surveyors. .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

14,636

14,844

Loan to holding company

42,064

41,477

Other debtors

12,257

12,257

Directors' loan accounts

49,128

49,128

Prepayments

141

-

118,226

117,706

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Prepaid funerals

193,118

199,633

Trade creditors

5,233

5,967

Tax

396

5,877

Directors' loan accounts

10

10

Accrued expenses

3,431

3,082

202,188

214,569

7.	SECURED DEBTS

The company's freehold property is included as part of the security for the overdraft facilities of AE Dixon & Son Limited (parent company).

8.	PROVISIONS FOR LIABILITIES

31.12.22

31.12.21

£

£

Deferred tax

1,215

1,429

Deferred

tax

£

Balance at 1 January 2022

1,429

Provided during year

(214

)

Balance at 31 December 2022

1,215

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

35,000

Ordinary

£1

35,000

35,000

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2022

21,448

66,993

88,441

Deficit for the year

(6,102

)

(6,102

)

Tr from revaluation reserve

2,310

(2,310

)

-

At 31 December 2022

17,656

64,683

82,339

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22

31.12.21

£

£

Miss A Palmer

Balance outstanding at start of year

49,128

49,128

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

49,128

49,128

A director, Mr J E Burke, has given a personal guarantee to the company's bankers in respect of the overdraft facilities.

12.	ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

AE Dixon & Son Limited is the company's immediate and ultimate parent undertaking and Mr J E Burke and Miss A Palmer who own 100% of the shares of A E Dixon & Son Limited are the company's ultimate controlling party.