C.J. HAWORTH (INTERNATIONAL) LIMITED - Limited company accounts 23.2

REGISTERED NUMBER: 02847722 (England and Wales)

DIRECTORS' REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

C.J. HAWORTH (INTERNATIONAL) LIMITED

Page

Company Information

1

Directors' Report

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Mr C. J. Haworth

Mrs E N George

SECRETARY:

Mrs E N George

REGISTERED OFFICE:

259 Croydon Road

Beckenham

BR3 3PS

REGISTERED NUMBER:

02847722 (England and Wales)

ACCOUNTANTS:

HARLEYS

259 Croydon Road

Beckenham

Kent

BR3 3PS

BANKERS:

Metro Bank PLC

The directors present their report with the financial statements of the company for the year ended 31 August 2023.

DIVIDENDS

No dividends will be distributed for the year ended 31 August 2023.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2022 to the date of this report.

Mr C. J. Haworth

Mrs E N George

ON BEHALF OF THE BOARD:

Mrs E N George - Secretary

28 May 2024

TURNOVER

330,873

274,234

Cost of sales

133,095

125,019

GROSS PROFIT

197,778

149,215

Administrative expenses

187,578

165,933

10,200

(16,718

)

Other operating income

-

3,120

OPERATING PROFIT/(LOSS)

4

10,200

(13,598

)

Interest receivable and similar income

90

-

PROFIT/(LOSS) BEFORE TAXATION

10,290

(13,598

)

Tax on profit/(loss)

5

-

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

10,290

(13,598

)

Retained earnings at beginning of year

(29,251

)

(15,653

)

RETAINED EARNINGS AT END OF YEAR

(18,961

)

(29,251

)

FIXED ASSETS

Tangible assets

6

11,500

14,400

CURRENT ASSETS

Stocks

7

72,450

70,750

Debtors

8

44,636

49,015

Cash at bank

49,759

5,473

166,845

125,238

CREDITORS

Amounts falling due within one year

9

196,306

167,889

NET CURRENT LIABILITIES

(29,461

)

(42,651

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,961

)

(28,251

)

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

(18,961

)

(29,251

)

SHAREHOLDERS' FUNDS

(17,961

)

(28,251

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2024 and were signed on its behalf by:

Mr C. J. Haworth - Director

1.	STATUTORY INFORMATION

C.J. HAWORTH (INTERNATIONAL) 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.

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.

Plant and machinery

-

20% 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

One of the directors is acquiring benefits under the company's pension scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2022 - operating loss) is stated after charging:

31.8.23

31.8.22

£

£

Depreciation - owned assets

2,900

3,900

5.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 August 2023 nor for the year ended 31 August 2022.

6.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2022

and 31 August 2023

51,288

51,705

102,993

DEPRECIATION

At 1 September 2022

47,888

40,705

88,593

Charge for year

700

2,200

2,900

At 31 August 2023

48,588

42,905

91,493

NET BOOK VALUE

At 31 August 2023

2,700

8,800

11,500

At 31 August 2022

3,400

11,000

14,400

7.

STOCKS

31.8.23

31.8.22

£

£

Stocks

72,450

70,750

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Trade debtors

44,514

48,227

Prepayments and accrued income

122

788

44,636

49,015

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Trade creditors

26,654

34,560

Social security and other taxes

1,964

2,038

VAT

7,569

4,761

Directors' current accounts

156,834

123,530

Accrued expenses

3,285

3,000

196,306

167,889

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.23

31.8.22

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 September 2022

(29,251

)

Profit for the year

10,290

At 31 August 2023

(18,961

)