Hannon Brothers Limited 31/08/2018 iXBRL
Hannon Brothers Limited 31/08/2018 iXBRL
Company registration number:
05660221
Unaudited filleted financial statements
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Accountants |
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Holbeche House | ||
437 Shirley Road | ||
Birmmingham | ||
B27 7NX | ||
Statement of financial position
31 August 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Stocks | - |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
15 May 2019
, and are signed on behalf of the board by:
Director
Director
Company registration number:
05660221
Statement of changes in equity
Year ended 31 August 2018
Called up share capital | Profit and loss account | Total | |||
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At 1 September 2016 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Issue of shares |
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Dividends paid and payable |
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Total investments by and distributions to owners |
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At 31 August 2017 and 1 September 2017 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 August 2018 |
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Notes to the financial statements
Year ended 31 August 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 319 Wolverhampton Road, Heath Town, Wolverhampton, WV10 0QQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Impairment
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2017:
3
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5.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Total | ||
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Cost | ||||
At 1 September 2017 |
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Additions | 120,245 | 4,928 | 125,173 | |
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At 31 August 2018 |
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Depreciation | ||||
At 1 September 2017 |
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Charge for the year |
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At 31 August 2018 |
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Carrying amount | ||||
At 31 August 2018 |
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At 31 August 2017 |
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6.
Debtors
2018 | 2017 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2018 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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2017 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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9.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
2018 | 2017 | 2018 | 2017 | ||
£ | £ | £ | £ | ||
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Criag Clarke Engineering Ltd | 19,200 | 27,200 | - | - | |
HCL Developments Ltd | 480,000 | - |
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HCL Services Ltd | 491,040 | 115,000 | 302,400 |
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During the year , A LLewellyn & Associates Ltd a company controlled by A Llewellyn provided services to the company to the value of £25870.
Craig Clark
Engineering Ltd , a company controlled by C Clarke provided services to the company to the value of £19200. The company also purchased goods and services from HCL Developments Ltd and HCL Services Ltd, companies controlled by the directors, totaling £480000 and £491040 in the normal course of trade.All of these tranactions were at full market value.