Hoopers Enterprises Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07199170 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2020

FOR

HOOPERS ENTERPRISES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms D Hooper

REGISTERED OFFICE:

c/o Michael Heaven & Associates Limited

47 Calthorpe Road

Edgbaston

BIRMINGHAM

West Midlands

B15 1TH

REGISTERED NUMBER:

07199170 (England and Wales)

ACCOUNTANTS:

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

BANKERS:

Lloyds Bank PLC

Units 2 & 3 Caxton Gate

36/38 New Street

Birmingham

West Midlands

B2 4LP

INCORPORATED:

23rd March 2010

FIXED ASSETS

Intangible assets

4

-

6,000

Tangible assets

5

2,014

2,058

2,014

8,058

CURRENT ASSETS

Stocks

3,300

3,300

Debtors

429

532

Cash at bank

75,139

94,267

78,868

98,099

CREDITORS

Amounts falling due within one year

60,152

84,904

NET CURRENT ASSETS

18,716

13,195

TOTAL ASSETS LESS CURRENT LIABILITIES

20,730

21,253

PROVISIONS FOR LIABILITIES

6

383

350

NET ASSETS

20,347

20,903

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

20,247

20,803

SHAREHOLDERS' FUNDS

20,347

20,903

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement and an abridged Balance Sheet for the year ended 31st May 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 director and authorised for issue on 3rd February 2021 and were signed by:

Ms D Hooper - Director

1.	STATUTORY INFORMATION

Hoopers Enterprises 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 represents the value of goods and services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures & computer equipment

-

20% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from related parties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 contributed into the director's defined contribution pension scheme. Contributions payable to the director's pension scheme are charged to the profit and loss account in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st June 2019

and 31st May 2020

60,000

AMORTISATION

At 1st June 2019

54,000

Amortisation for year

6,000

At 31st May 2020

60,000

NET BOOK VALUE

At 31st May 2020

-

At 31st May 2019

6,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st June 2019

11,629

Additions

460

At 31st May 2020

12,089

DEPRECIATION

At 1st June 2019

9,571

Charge for year

504

At 31st May 2020

10,075

NET BOOK VALUE

At 31st May 2020

2,014

At 31st May 2019

2,058

6.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

383

350

Deferred

tax

£

Balance at 1st June 2019

350

Provided during the year

33

Balance at 31st May 2020

383

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

As at the period end the amount due to the director totalled £40,047. The loan was interest free and repayable upon demand.