Hopkinsons of Lymm Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04699384

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

HOPKINSONS OF LYMM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S B Kilby

Dr M E Mayhew

REGISTERED OFFICE:

7 The Cross

Lymm

Cheshire

WA13 0HR

REGISTERED NUMBER:

04699384

ACCOUNTANTS:

Hanleys

Chartered Accountants

Spring Court

Spring Road

Hale

Altrincham

Cheshire

WA14 2UQ

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

8,305

5,923

8,306

5,924

CURRENT ASSETS

Stocks

2,967

3,462

Debtors

6

4,127

5,687

Cash at bank and in hand

7

19,276

32,497

26,370

41,646

CREDITORS

Amounts falling due within one year

8

7,516

22,241

NET CURRENT ASSETS

18,854

19,405

TOTAL ASSETS LESS CURRENT LIABILITIES

27,160

25,329

PROVISIONS FOR LIABILITIES

952

488

NET ASSETS

26,208

24,841

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

26,206

24,839

SHAREHOLDERS' FUNDS

26,208

24,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 June 2019 and were signed on its behalf by:

Mr S B Kilby - Director

1.	STATUTORY INFORMATION

Hopkinsons of Lymm Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

1

NET BOOK VALUE

At 31 March 2019

1

At 31 March 2018

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2018

8,270

13,793

4,534

26,597

Additions

-

4,470

681

5,151

At 31 March 2019

8,270

18,263

5,215

31,748

DEPRECIATION

At 1 April 2018

5,381

10,820

4,473

20,674

Charge for year

722

1,861

186

2,769

At 31 March 2019

6,103

12,681

4,659

23,443

NET BOOK VALUE

At 31 March 2019

2,167

5,582

556

8,305

At 31 March 2018

2,889

2,973

61

5,923

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

3,166

4,156

Other debtors

961

1,531

4,127

5,687

7.	CASH AT BANK AND IN HAND

31.3.19

31.3.18

£

£

Business current account

4,570

5,266

Reserve bank account

12,826

24,666

High Interest bank account

1,400

2,085

Cash in hand

480

480

19,276

32,497

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

58

1,427

Taxation and social security

2,053

4,523

Other creditors

5,405

16,291

7,516

22,241

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

2

Ordinary

1

2

2