Hollands Limited - Accounts to registrar (filleted) - small 18.2

Hollands Limited - Accounts to registrar (filleted) - small 18.2


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HOLLANDS LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2019






HOLLANDS LIMITED (REGISTERED NUMBER: 03418167)

Contents of the Financial Statements
for the Year Ended 31 August 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLLANDS LIMITED

Company Information
for the Year Ended 31 August 2019







DIRECTOR: P D Holland





REGISTERED OFFICE: Brookside House Farm
Wood Lane
Yoxall
Burton on Trent
Staffordshire
DE13 8PH





REGISTERED NUMBER: 03418167 (England and Wales)





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE

HOLLANDS LIMITED (REGISTERED NUMBER: 03418167)

Balance Sheet
31 August 2019

2019 2018
Notes £    £   
FIXED ASSETS
Tangible assets 5 163 1,606
Investments 6 159,468 159,468
159,631 161,074

CURRENT ASSETS
Stocks 20,000 135,691
Debtors 7 72,963 2,404
Cash at bank 332,215 53,867
425,178 191,962
CREDITORS
Amounts falling due within one year 8 (393,867 ) (279,692 )
NET CURRENT ASSETS/(LIABILITIES) 31,311 (87,730 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,942

73,344

CAPITAL AND RESERVES
Called up share capital 9 297,000 297,000
Retained earnings (106,058 ) (223,656 )
SHAREHOLDERS' FUNDS 190,942 73,344

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

HOLLANDS LIMITED (REGISTERED NUMBER: 03418167)

Balance Sheet - continued
31 August 2019


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 and authorised for issue on 16 April 2020 and were
signed by:





P D Holland - Director


HOLLANDS LIMITED (REGISTERED NUMBER: 03418167)

Notes to the Financial Statements
for the Year Ended 31 August 2019


1. STATUTORY INFORMATION

Hollands Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

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.

HOLLANDS LIMITED (REGISTERED NUMBER: 03418167)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2019


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2018 15,142
Disposals (10,588 )
At 31 August 2019 4,554
DEPRECIATION
At 1 September 2018 13,536
Charge for year 392
Eliminated on disposal (9,537 )
At 31 August 2019 4,391
NET BOOK VALUE
At 31 August 2019 163
At 31 August 2018 1,606

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2018
and 31 August 2019 159,468
NET BOOK VALUE
At 31 August 2019 159,468
At 31 August 2018 159,468

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 72,963 -
Other debtors - 2,404
72,963 2,404

HOLLANDS LIMITED (REGISTERED NUMBER: 03418167)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2019


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 38,447 18,097
Amounts owed to group undertakings 259,910 169,910
Taxation and social security 13,679 (962 )
Other creditors 81,831 92,647
393,867 279,692

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
297,000 Ordinary £1 297,000 297,000