| Hatch & Mason Limited |
| Notes to the Accounts |
| for the year ended 31 August 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and 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). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover consists of revenue earned from the rendering of services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer equipment |
25% on written down value |
|
Fixtures & fittings |
25% on written down value |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Computer equipment |
|
Fixtures & fittings |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 September 2017 |
6,280 |
|
275 |
|
6,555 |
|
Additions |
1,032 |
|
880 |
|
1,912 |
|
At 31 August 2018 |
7,312 |
|
1,155 |
|
8,467 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2017 |
3,219 |
|
159 |
|
3,378 |
|
Charge for the year |
1,023 |
|
249 |
|
1,272 |
|
At 31 August 2018 |
4,242 |
|
408 |
|
4,650 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2018 |
3,070 |
|
747 |
|
3,817 |
|
At 31 August 2017 |
3,061 |
|
116 |
|
3,177 |
|
|
| 3 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
H&M Developments Ltd |
2,257 |
|
10,804 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
2,280 |
|
2,620 |
|
Director's current account |
294 |
|
493 |
|
Taxation and social security costs |
4,250 |
|
5,746 |
|
Other creditors |
8,310 |
|
4,825 |
|
|
|
|
|
|
15,134 |
|
13,684 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Hatch & Mason Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
18 Winchester Walk |
|
London |
|
SE1 9AG |
