Hawkeye Group Ltd Accounts






Hawkeye Group Ltd
	Company No. 09653574
		Information for Filing with The Registrar
		30 June 2018

at	30 June 2018
Company No.		09653574	Notes	2018	2017
				£	£
Fixed assets

	Tangible assets		2	15,538	10,875


				15,538	10,875
Current assets

	Debtors		3	8,646	2,389

	Cash at bank and in hand			26,521	18
				35,167	2,407
Creditors: Amount falling due within one year			4	(23,542)	(10,560)
Net current assets/(liabilities)				11,625	(8,153)
Total assets less current liabilities				27,163	2,722
Creditors: Amounts falling due after more than one year			5	(6,063)	(464)
Provisions for liabilities
	Deferred taxation		6	(2,778)	(1,427)

Net assets				18,322	831

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		7	18,321	830

Total equity				18,322	831


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 2018 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 26 March 2019
And signed on its behalf by:
R. Haughey
Director

for the year ended 30 June 2018

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

20% Reducing balance

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

20% Reducing balance

2	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 July 2017	5,869	9,795	1,997	17,661
		Additions	-	14,995	-	14,995


		Disposals	-	(9,795)	-	(9,795)
		At 30 June 2018	5,869	14,995	1,997	22,861
		Depreciation
		At 1 July 2017	1,974	4,285	527	6,786
		Charge for the year	779	3,749	294	4,822


		Disposals	-	(4,285)	-	(4,285)
		At 30 June 2018	2,753	3,749	821	7,323
		Net book values
		At 30 June 2018	3,116	11,246	1,176	15,538
		At 30 June 2017	3,895	5,510	1,470	10,875

3	Debtors
			2018	2017
			£	£
		Trade debtors	8,646	2,389







			8,646	2,389

4	Creditors:
		amounts falling due within one year
			2018	2017
			£	£



		Obligations under finance lease and hire purchase contracts	5,406	1,892


		Corporation tax	10,493	7,904
		Other taxes and social security	5,201	(187)
		Loans from directors	1,212	98

		Accruals and deferred income	1,230	853
			23,542	10,560

5	Creditors:
		amounts falling due after more than one year
			2018	2017
			£	£



		Obligations under finance lease and hire purchase contracts	6,063	464




			6,063	464

6	Provisions for liabilities
		Deferred taxation

			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 July 2017	1,427	1,427
		Charge to the profit and loss account for the period	1,351	1,351

		At 30 June 2018	2,778	2,778

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2018	2017
			£	£
		Dividends for the period:
		Dividends paid in the period	33,000	31,750

			33,000	31,750

		Dividends by type:

		Equity dividends	33,000	31,750
			33,000	31,750

Related party disclosures

Controlling party

Immediate controlling party

R. Haughey

Additional information

Its registered number is:

09653574

Its registered office is:

14 The Close

Bushey

Herts

WD23 3NG