Hodson Homes (North West) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06156534 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019

FOR

HODSON HOMES (NORTH WEST) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N D Hodson

SECRETARY:

Mrs K Hodson

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

PR2 2YH

REGISTERED NUMBER:

06156534 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

2,661

3,049

CURRENT ASSETS

Stocks

116,473

116,473

Debtors

5

2,750

582

Cash at bank

574

6,231

119,797

123,286

CREDITORS

Amounts falling due within one year

6

114,914

106,623

NET CURRENT ASSETS

4,883

16,663

TOTAL ASSETS LESS CURRENT LIABILITIES

7,544

19,712

PROVISIONS FOR LIABILITIES

579

579

NET ASSETS

6,965

19,133

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,865

19,033

SHAREHOLDERS' FUNDS

6,965

19,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 October 2019 and were signed by:

Mr N D Hodson - Director

1.	STATUTORY INFORMATION

Hodson Homes (North West) Ltd is a private company, limited by shares , registered in England and Wales. 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.

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

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 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 July 2018

and 30 June 2019

2,759

2,373

5,132

DEPRECIATION

At 1 July 2018

1,118

965

2,083

Charge for year

410

(22

)

388

At 30 June 2019

1,528

943

2,471

NET BOOK VALUE

At 30 June 2019

1,231

1,430

2,661

At 30 June 2018

1,641

1,408

3,049

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/19

30/6/18

£

£

Tax

2,736

89

VAT

14

493

2,750

582

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/19

30/6/18

£

£

Trade creditors

885

861

Tax

-

5,844

Other creditors

86,036

64,617

Directors' current accounts

27,013

34,321

Accrued expenses

980

980

114,914

106,623

7.	RELATED PARTY DISCLOSURES

During the year the company received loans from Index Finance Limited, a company of which Mr N D Hodson

is a director. At the year end the outstanding balance owing to Index Finance Limited was £85,041 (2018:

£63,621).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N D Hodson.