John McHugh (Stretford) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00634329 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2019

for

John McHugh (Stretford) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

10,748

14,331

CURRENT ASSETS

Stocks

299,175

239,443

Debtors

5

24,749

35,800

Cash at bank and in hand

256,608

289,086

580,532

564,329

CREDITORS

Amounts falling due within one year

6

(318,351

)

(344,707

)

NET CURRENT ASSETS

262,181

219,622

TOTAL ASSETS LESS CURRENT LIABILITIES

272,929

233,953

PROVISIONS FOR LIABILITIES

(2,042

)

(1,670

)

NET ASSETS

270,887

232,283

CAPITAL AND RESERVES

Called up share capital

5,500

5,500

Retained earnings

265,387

226,783

SHAREHOLDERS' FUNDS

270,887

232,283

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 April 2020 and were signed on its behalf by:

Ms R McHugh - Director

1.	STATUTORY INFORMATION

John McHugh (Stretford) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

00634329

Registered office:

The Farmhouse

Springbank Farm

Stockport

Cheshire

SK12 1SP

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 recognised when the company obtains the right to consideration.

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

-

25% on reducing balance

Motor vehicles

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2018

and 30 September 2019

66,393

8,200

10,668

85,261

DEPRECIATION

At 1 October 2018

57,212

4,741

8,977

70,930

Charge for year

2,296

864

423

3,583

At 30 September 2019

59,508

5,605

9,400

74,513

NET BOOK VALUE

At 30 September 2019

6,885

2,595

1,268

10,748

At 30 September 2018

9,181

3,459

1,691

14,331

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

8,940

12,686

Other debtors

15,809

23,114

24,749

35,800

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade creditors

53,474

1,457

Taxation and social security

35,945

66,779

Other creditors

228,932

276,471

318,351

344,707