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H. GWYTHER & SON LIMITED - Company Information

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H. Gwyther & Son Limited

Registered Number:00748220

For the year ended 31 January 2024

England and Wales

Unaudited Financial Statements

For the year ended 31 January 2024

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 2024

H. Gwyther & Son Limited

Statement of Financial Position

2023

2024

Notes

Fixed assets

Property, plant and equipment

28,170

30,515

416,810

411,555

Investment property

444,980

442,070

Current assets

Inventories

3,878

3,000

Trade and other receivables

4,132

3,000

8,010

Trade and other payables: amounts falling due within one

year

(55,566)

(71,412)

(47,556)

(68,412)

Net current liabilities

Total assets less current liabilities

376,568

394,514

Trade and other payables: amounts falling due after more

than one year

(81,739)

(77,198)

(39,200)

(38,865)

Provisions for liabilities

260,170

Net assets

273,910

Capital and reserves

Called up share capital

5,000

Fair value reserve

394,435

Retained earnings

(139,265)

(125,525)

260,170

273,910

Shareholders' funds

For the year ended 31 January 2024 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 2024 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.

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Registered Number :

00748220

For the year ended 31 January 2024

H. Gwyther & Son Limited

Statement of Financial Position Continued

Shirley Gwyther Director

These financial statements were approved and authorised for issue by the Board on 04 April 2024 and were signed by:

The notes form part of these financial statements

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For the year ended 31 January 2024

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 2024

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 2023

123,153

6,275

6,896

49,982

60,000

At 31 January 2024

49,982

6,896

6,275

123,153

60,000

Provision for depreciation and impairment

At 01 February 2023

92,638

2,077

6,774

46,754

37,033

Charge for year

2,345

630

484

1,200

At 31 January 2024

94,983

2,707

6,805

47,238

38,233

At 31 January 2024

Net book value

21,767

2,744

3,568

28,170

At 31 January 2023

22,967

3,228

122

4,198

30,515

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 2023

Depreciation

14,529

At 01 February 2023

Charge for year

456

At 31 January 2024

14,985

8,254

Net historical cost value:

At 31 January 2023

At 31 January 2024

7,798

3. Investment property

Total

Fair value

At 01 February 2023

411,555

Additions

5,255

At 31 January 2024

416,810

Net book value

At 31 January 2024

416,810

At 31 January 2023

411,555

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For the year ended 31 January 2024

H. Gwyther & Son Limited

Notes to the Financial Statements Continued

4. Inventories

2023

2024

Stocks

3,000

3,878

5. Trade and other receivables

2023

2024

Trade debtors

4,132

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

2023

2024

Bank loans and overdraft (secured)

10,221

8,647

Bank loans and overdraft

32,385

37,615

Taxation and social security

200

Accruals and deferred income

2,766

4,762

Directors' loan accounts

25,840

4,542

71,412

55,566

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

2023

2024

Bank loans and overdraft

29,716

27,309

Bank loans and overdraft (secured)

47,482

54,430

77,198

81,739

8. Guarantees and other financial commitments

Guarantees and contingent assets and liabilities

HSBC Bank have a fixed and floating 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 1 (2023 : 1)

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