N Hodgson Drilling Fluids Limited Filleted accounts for Companies House (small and micro)
N Hodgson Drilling Fluids Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08977902
|
|
|
|
|
|
|
|
|
Financial Statements |
Year ended 30 April 2020
|
Contents |
Page |
|
Officers and professional advisers |
1 |
|
Statement of financial position |
2 |
|
Notes to the financial statements |
4 |
|
|
|
Officers and Professional Advisers |
|
The board of directors |
|
|
|
|
|
Registered office |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accountants |
|
|
Chartered accountants |
|
|
4 Mason Court |
|
|
Gillan Way |
|
|
Penrith 40 Business Park |
|
|
Penrith |
|
|
Cumbria |
|
|
CA11 9GR |
|
|
|
|
Statement of Financial Position |
|
2020 |
2019 |
||
|
Note |
£ |
£ |
£ |
Fixed assets
|
Tangible assets |
5 |
|
|
|
Current assets
|
Debtors |
6 |
|
|
|
|
Cash at bank and in hand |
|
|
||
|
-------- |
-------- |
|||
|
|
|
|||
|
Creditors: amounts falling due within one year |
7 |
(
|
(
|
|
|
-------- |
-------- |
|||
|
Net current (liabilities)/assets |
(
|
|
||
|
------- |
---- |
|||
|
Total assets less current liabilities |
(
|
|
||
|
------- |
---- |
|||
|
Net (liabilities)/assets |
(
|
|
||
|
------- |
---- |
|||
Capital and reserves
|
Called up share capital |
|
|
|
|
Profit and loss account |
(
|
|
|
|
------- |
---- |
||
|
Shareholders (deficit)/funds |
(
|
|
|
|
------- |
---- |
||
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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
.
|
|
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
30 June 2020
, and are signed on behalf of the board by:
|
|
|
Director |
Company registration number:
08977902
|
|
|
Notes to the Financial Statements |
Year ended 30 April 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Mason Court, Gillan Way, Penrith 40 Business Park, Penrith, Cumbria, CA11 9GR.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management have made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
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:
|
Fixtures & Fittings |
- |
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2019:
2
).
5.
Tangible assets
|
Fixtures and fittings |
Total |
|
|
£ |
£ |
|
|
Cost |
||
|
At 1 May 2019 and 30 April 2020 |
|
|
|
------- |
------- |
|
|
Depreciation |
||
|
At 1 May 2019 |
|
|
|
Charge for the year |
|
|
|
------- |
------- |
|
|
At 30 April 2020 |
|
|
|
------- |
------- |
|
|
Carrying amount |
||
|
At 30 April 2020 |
|
|
|
------- |
------- |
|
|
At 30 April 2019 |
|
|
|
------- |
------- |
|
6.
Debtors
|
2020 |
2019 |
|
|
£ |
£ |
|
|
Trade debtors |
|
|
|
Other debtors |
|
– |
|
------- |
-------- |
|
|
|
|
|
|
------- |
-------- |
|
7.
Creditors:
amounts falling due within one year
|
2020 |
2019 |
|
|
£ |
£ |
|
|
Corporation tax |
|
|
|
Social security and other taxes |
|
|
|
Other creditors |
|
|
|
-------- |
-------- |
|
|
|
|
|
|
-------- |
-------- |
|