Hammond Autoserv Ltd 30/06/2019 iXBRL

Hammond Autoserv Ltd 30/06/2019 iXBRL

HAMMOND AUTOSERV LIMITED - Company Information

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30/06/2019 2019-06-30 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2018-07-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 06266899 2018-07-01 2019-06-30 06266899 2019-06-30 06266899 2018-06-30 06266899 2017-07-01 2018-06-30 06266899 2018-06-30 06266899 2017-06-30 06266899 bus:RegisteredOffice 2018-07-01 2019-06-30 06266899 bus:LeadAgentIfApplicable 2018-07-01 2019-06-30 06266899 bus:Director1 2018-07-01 2019-06-30 06266899 bus:Director2 2018-07-01 2019-06-30 06266899 core:FurnitureFittingsToolsEquipment 2018-06-30 06266899 core:MotorVehicles 2018-06-30 06266899 core:LandBuildings core:OwnedOrFreeholdAssets 2019-06-30 06266899 core:FurnitureFittingsToolsEquipment 2019-06-30 06266899 core:MotorVehicles 2019-06-30 06266899 core:WithinOneYear 2019-06-30 06266899 core:WithinOneYear 2018-06-30 06266899 core:RetainedEarningsAccumulatedLosses 2017-07-01 2018-06-30 06266899 core:RetainedEarningsAccumulatedLosses 2018-07-01 2019-06-30 06266899 core:ShareCapital 2019-06-30 06266899 core:ShareCapital 2018-06-30 06266899 core:RetainedEarningsAccumulatedLosses 2019-06-30 06266899 core:RetainedEarningsAccumulatedLosses 2018-06-30 06266899 core:ShareCapital 2017-06-30 06266899 core:RetainedEarningsAccumulatedLosses 2017-06-30 06266899 core:FurnitureFittingsToolsEquipment 2018-07-01 2019-06-30 06266899 core:MotorVehicles 2018-07-01 2019-06-30 06266899 core:LandBuildings core:OwnedOrFreeholdAssets 2018-06-30 06266899 core:FurnitureFittingsToolsEquipment 2018-06-30 06266899 core:MotorVehicles 2018-06-30 06266899 bus:Director1 2018-06-30 06266899 bus:Director1 2019-06-30 06266899 bus:Director1 2017-06-30 06266899 bus:Director1 2018-06-30 06266899 bus:Director3 2017-06-30 06266899 bus:Director1 2017-07-01 2018-06-30 06266899 bus:Director3 2017-07-01 2018-06-30 06266899 bus:SmallEntities 2018-07-01 2019-06-30 06266899 bus:AuditExemptWithAccountantsReport 2018-07-01 2019-06-30 06266899 bus:FullAccounts 2018-07-01 2019-06-30 06266899 bus:SmallCompaniesRegimeForAccounts 2018-07-01 2019-06-30 06266899 bus:PrivateLimitedCompanyLtd 2018-07-01 2019-06-30
Company registration number: 06266899
Hammond Autoserv Ltd
Unaudited filleted financial statements
30 June 2019
Hammond Autoserv Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Hammond Autoserv Ltd
Directors and other information
Directors Steven Hammond
Susanne Hammond
Company number 06266899
Registered office 83-85 Derby Road
Ipswich
IP3 8DL
Business address Unit 2 Altitude Business Park
The Drift
Nacton Road
Ipswich
IP3 9QN
Accountant Mark Talman
Deeks & King
83-85 Derby Road
Ipswich
Suffolk
IP3 8DL
Bankers Lloyds TSB
Cornhill North
Ipswich
Hammond Autoserv Ltd
Accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Hammond Autoserv Ltd
Year ended 30 June 2019
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2019 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Mark Talman
Deeks & King
83-85 Derby Road
Ipswich
Suffolk
IP3 8DL
28 February 2020
Hammond Autoserv Ltd
Statement of financial position
30 June 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 5 131,110 133,884
_______ _______
131,110 133,884
Current assets
Stocks 2,500 2,500
Debtors 6 1,515 1,211
Cash at bank and in hand 3,379 1,509
_______ _______
7,394 5,220
Creditors: amounts falling due
within one year 7 ( 115,533) ( 125,741)
_______ _______
Net current liabilities ( 108,139) ( 120,521)
_______ _______
Total assets less current liabilities 22,971 13,363
_______ _______
Net assets 22,971 13,363
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,871 13,263
_______ _______
Shareholders funds 22,971 13,363
_______ _______
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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 28 February 2020 , and are signed on behalf of the board by:
Susanne Hammond
Director
Company registration number: 06266899
Hammond Autoserv Ltd
Statement of changes in equity
Year ended 30 June 2019
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2017 100 24,396 24,496
Profit for the year 58,867 58,867
_______ _______ _______
Total comprehensive income for the year - 58,867 58,867
Dividends paid and payable ( 70,000) ( 70,000)
_______ _______ _______
Total investments by and distributions to owners - ( 70,000) ( 70,000)
_______ _______ _______
At 30 June 2018 and 1 July 2018 100 13,263 13,363
Profit for the year 59,608 59,608
_______ _______ _______
Total comprehensive income for the year - 59,608 59,608
Dividends paid and payable ( 50,000) ( 50,000)
_______ _______ _______
Total investments by and distributions to owners - ( 50,000) ( 50,000)
_______ _______ _______
At 30 June 2019 100 22,871 22,971
_______ _______ _______
Hammond Autoserv Ltd
Notes to the financial statements
Year ended 30 June 2019
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Deeks & King, 83-85 Derby Road, Ipswich, IP3 8DL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2018: 6 ).
5. Tangible assets
Freehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 July 2018 and 30 June 2019 118,470 22,983 7,916 149,369
_______ _______ _______ _______
Depreciation
At 1 July 2018 - 11,639 3,846 15,485
Charge for the year - 2,042 732 2,774
_______ _______ _______ _______
At 30 June 2019 - 13,681 4,578 18,259
_______ _______ _______ _______
Carrying amount
At 30 June 2019 118,470 9,302 3,338 131,110
_______ _______ _______ _______
At 30 June 2018 118,470 11,344 4,070 133,884
_______ _______ _______ _______
6. Debtors
2019 2018
£ £
Trade debtors 1,515 1,211
_______ _______
7. Creditors: amounts falling due within one year
2019 2018
£ £
Bank loans and overdrafts 82,962 101,386
Trade creditors 5,763 6,399
Corporation tax 16,830 12,268
Social security and other taxes 3,545 2,470
Other creditors 6,433 3,218
_______ _______
115,533 125,741
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2019
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Steven Hammond ( 1,518) ( 76,790) 73,575 ( 4,733)
_______ _______ _______ _______
2018
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Steven Hammond ( 35,275) 97,825 ( 64,068) ( 1,518)
(32,486) 94,244 (61,758) -
_______ _______ _______ _______
( 67,761) 192,069 ( 125,826) ( 1,518)
_______ _______ _______ _______