Hindwoods Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03940325 (England and Wales)

Financial Statements for the Year Ended 31 March 2020

for

Hindwoods Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K T Bright BSc MRICS

S Williams BSc MRICS

R W Gibbons ACIOB

J Hawkins MIRPM AssocRICS

REGISTERED OFFICE:

9 Dreadnought Walk

Greenwich

London

SE10 9FP

REGISTERED NUMBER:

03940325 (England and Wales)

ACCOUNTANTS:

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

FIXED ASSETS

Intangible assets

4

345,688

451,544

Tangible assets

5

118,997

172,231

464,685

623,775

CURRENT ASSETS

Debtors

209,407

143,749

Cash at bank and in hand

217,818

636,873

427,225

780,622

CREDITORS

Amounts falling due within one year

(208,871

)

(440,501

)

NET CURRENT ASSETS

218,354

340,121

TOTAL ASSETS LESS CURRENT LIABILITIES

683,039

963,896

PROVISIONS FOR LIABILITIES

6

(11,584

)

(18,679

)

NET ASSETS

671,455

945,217

CAPITAL AND RESERVES

Called up share capital

12,695

22,330

Share premium

15,000

15,000

Capital redemption reserve

32,305

22,670

Retained earnings

611,455

885,217

SHAREHOLDERS' FUNDS

671,455

945,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 July 2020 and were signed on its behalf by:

K T Bright BSc MRICS - Director

1.	STATUTORY INFORMATION

Hindwoods Limited is a private company, limited by shares , registered in 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

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the term of the lease

Fixtures & fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 48 (2019 - 48 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2019

644,308

Impairments

(90,000

)

At 31 March 2020

554,308

AMORTISATION

At 1 April 2019

192,764

Amortisation for year

15,856

At 31 March 2020

208,620

NET BOOK VALUE

At 31 March 2020

345,688

At 31 March 2019

451,544

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2019

332,537

Additions

1,506

Disposals

(70,574

)

At 31 March 2020

263,469

DEPRECIATION

At 1 April 2019

160,306

Charge for year

41,993

Eliminated on disposal

(57,827

)

At 31 March 2020

144,472

NET BOOK VALUE

At 31 March 2020

118,997

At 31 March 2019

172,231

6.	PROVISIONS FOR LIABILITIES

31/3/20

31/3/19

£

£

Deferred tax

11,584

18,679

Deferred tax

£

Balance at 1 April 2019

18,679

Movement in the year

(7,095

)

Balance at 31 March 2020

11,584