Company Registration No. 00228980 (England and Wales)
H.T. Hughes & Company (Overalls) Limited
Unaudited accounts
for the year ended 31 December 2019
H.T. Hughes & Company (Overalls) Limited
Company Information
for the year ended 31 December 2019
Company Number
00228980 (England and Wales)
Registered Office
91 Hardcastle Road
Edgeley
Stockport
SK3 9DE
H.T. Hughes & Company (Overalls) Limited
Statement of financial position
as at 31 December 2019
Tangible assets
15,346
19,449
Inventories
145,986
172,519
Cash at bank and in hand
224,040
235,502
Creditors: amounts falling due within one year
(269,070)
(267,181)
Net current assets
124,417
160,485
Total assets less current liabilities
139,763
179,934
Provisions for liabilities
Deferred tax
(2,437)
(3,097)
Net assets
137,326
176,837
Called up share capital
1,000
1,000
Profit and loss account
136,326
175,837
Shareholders' funds
137,326
176,837
For the year ending 31 December 2019 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 25 September 2020 and were signed on its behalf by
T Hughes
Director
Company Registration No. 00228980
H.T. Hughes & Company (Overalls) Limited
Notes to the Accounts
for the year ended 31 December 2019
H.T. Hughes & Company (Overalls) Limited is a private company, limited by shares, registered in England and Wales, registration number 00228980. The registered office is 91 Hardcastle Road, Edgeley, Stockport, SK3 9DE.
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:
Plant & machinery
10% straight line basis
Fixtures & fittings
10% straight line basis
Computer equipment
33.3% straight line basis
H.T. Hughes & Company (Overalls) Limited
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2019
156,858
36,372
21,815
215,045
At 31 December 2019
156,858
36,372
22,610
215,840
At 1 January 2019
139,631
35,867
20,098
195,596
Charge for the year
3,477
175
1,246
4,898
At 31 December 2019
143,108
36,042
21,344
200,494
At 31 December 2019
13,750
330
1,266
15,346
At 31 December 2018
17,227
505
1,717
19,449
Raw materials
11,894
17,821
Work in progress
899
2,570
Finished goods
133,193
152,128
Trade debtors
12,813
17,596
Other debtors
10,648
2,049
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
41,682
55,049
Amounts owed to group undertakings and other participating interests
212,188
188,355
Taxes and social security
12,925
21,148
Other creditors
2,275
2,313
Loans from directors
-
316
During the year the company made an advance of £8,684 to the director of the company. The balance was fully repaid after the year end. There were no conditions attached to the loan which was interest free.
9
Average number of employees
During the year the average number of employees was 4 (2018: 5).
