| Hooper Estates Ltd |
| Notes to the Accounts |
| for the period from 1 January 2018 to 30 June 2019 |
|
|
| 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 from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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|
Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
15% on cost |
|
Fixtures, fittings, tools and equipment |
over 2 years |
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|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted. |
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| 2 |
Tangible fixed assets |
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|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2018 |
4,927 |
|
Additions |
984 |
|
Disposals |
(5,911) |
|
At 30 June 2019 |
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2018 |
4,927 |
|
Charge for the period |
738 |
|
On disposals |
(5,665) |
|
At 30 June 2019 |
- |
|
|
|
|
|
|
|
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|
|
Net book value |
|
At 30 June 2019 |
- |
|
|
| 3 |
Debtors |
2019 |
|
2017 |
| £ |
£ |
|
|
Other debtors |
25,270 |
|
29,547 |
|
|
|
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|
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|
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| 4 |
Creditors: amounts falling due within one year |
2019 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
- |
|
532 |
|
Taxation and social security costs |
3,548 |
|
5,596 |
|
Other creditors |
1,312 |
|
3,981 |
|
|
|
|
|
|
4,860 |
|
10,109 |
|
|
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|
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| 5 |
Controlling party |
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The company is controlled by the director. |
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| 6 |
Other information |
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Hooper Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Oaklans Cottage |
|
Ismays Road |
|
Ightham |
|
TN15 9BE |
