C.J. HAWORTH (INTERNATIONAL) LIMITED - Limited company accounts 20.1
C.J. HAWORTH (INTERNATIONAL) LIMITED - Limited company accounts 20.1
| REGISTERED NUMBER: |
| DIRECTORS' REPORT AND |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019 |
| FOR |
| C.J. HAWORTH (INTERNATIONAL) LIMITED |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 AUGUST 2019 |
| Page |
| Company Information | 1 |
| Directors' Report | 2 |
| Statement of Income and Retained Earnings | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| C.J. HAWORTH (INTERNATIONAL) LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 AUGUST 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Unit C |
| Broomsleigh Business Park |
| Worsley Bridge Road |
| London |
| SE26 5BN |
| BANKERS: |
| 59 Streatham High Road |
| London |
| SW16 1PN |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| DIRECTORS' REPORT |
| for the Year Ended 31 AUGUST 2019 |
| The directors present their report with the financial statements of the company for the year ended 31 August 2019. |
| DIVIDENDS |
| No dividends will be distributed for the year ended 31 August 2019. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 September 2018 to the date of this |
| report. |
| ON BEHALF OF THE BOARD: |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| STATEMENT OF INCOME AND RETAINED EARNINGS |
| for the Year Ended 31 AUGUST 2019 |
| 31.8.19 | 31.8.18 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING LOSS and |
| LOSS BEFORE TAXATION | ( |
) | ( |
) |
| Tax on loss | 5 | ( |
) | ( |
) |
| LOSS FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
| Retained earnings at beginning of year |
| RETAINED EARNINGS AT END OF YEAR |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| BALANCE SHEET |
| 31 AUGUST 2019 |
| 31.8.19 | 31.8.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 11 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings | 13 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on signed on its behalf by: |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 AUGUST 2019 |
| 1. | STATUTORY INFORMATION |
| C.J. HAWORTH (INTERNATIONAL) LIMITED is a |
| 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 |
| 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 |
| Plant and machinery | - |
| Motor vehicles | - |
| 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 Statement of Income and |
| Retained Earnings, 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. |
| 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. |
| One of the directors is acquiring benefits under the company's pension scheme. |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2019 |
| 3. | EMPLOYEES AND DIRECTORS |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Wages and salaries |
| Social security costs |
| Other pension costs |
| The average number of employees during the year was as follows: |
| 31.8.19 | 31.8.18 |
| Sales and administration | 6 | 6 |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Directors' remuneration |
| 4. | OPERATING LOSS |
| The operating loss is stated after charging: |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Depreciation - owned assets |
| 5. | TAXATION |
| Analysis of the tax credit |
| The tax credit on the loss for the year was as follows: |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Current tax: |
| UK corporation tax | ( |
) | ( |
) |
| Tax on loss | ( |
) | ( |
) |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2019 |
| 6. | TANGIBLE FIXED ASSETS |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 August 2019 |
| DEPRECIATION |
| At 1 September 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 August 2019 |
| NET BOOK VALUE |
| At 31 August 2019 |
| At 31 August 2018 |
| 7. | STOCKS |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Stocks |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Trade debtors |
| Corporation Tax Recoverable |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Bank loans and overdrafts (see note 10) |
| Other loans (see note 10) |
| Trade creditors |
| Social security and other taxes |
| VAT | 8,646 | 9,818 |
| Directors' current accounts | 88,898 | 48,944 |
| Accrued expenses |
| C.J. HAWORTH (INTERNATIONAL) LIMITED (Registered number: 02847722) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2019 |
| 10. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Other loans |
| The overdrawn position at the year end is as a result of outstanding cheques not yet presented for payment. |
| 11. | PROVISIONS FOR LIABILITIES |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Deferred tax | 2,400 | 3,200 |
| Deferred |
| tax |
| £ |
| Balance at 1 September 2018 |
| Provided during year | ( |
) |
| Balance at 31 August 2019 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.19 | 31.8.18 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| 13. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 September 2018 |
| Deficit for the year | ( |
) |
| At 31 August 2019 |