Company Registration No. 8952537 (England and Wales)
Humber Assets Ltd
Unaudited accounts
for the year ended 31 March 2020
Humber Assets Ltd
Unaudited accounts
Contents
Humber Assets Ltd
Company Information
for the year ended 31 March 2020
Company Number
8952537 (England and Wales)
Registered Office
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Humber Assets Ltd
Statement of financial position
as at 31 March 2020
Cash at bank and in hand
752
311
Creditors: amounts falling due within one year
(67)
213
Net current assets
685
524
Called up share capital
100
100
Profit and loss account
3,735
424
Shareholders' funds
3,835
524
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 September 2020 and were signed on its behalf by
Mr S Barber
Director
Company Registration No. 8952537
Humber Assets Ltd
Notes to the Accounts
for the year ended 31 March 2020
Humber Assets Ltd is a private company, limited by shares, registered in England and Wales, registration number 8952537. The registered office is 2 Exeter Street, New Village Road, Cottingham, East Yorkshire, HU16 4LU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Humber Assets Ltd
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Motor vehicles
5
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
59
509
Loans from directors
8
(722)
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 7 (2019: 7).
