Hoyles Denholme Limited 31/03/2020 iXBRL

Hoyles Denholme Limited 31/03/2020 iXBRL

HOYLES DENHOLME LIMITED - Company Information

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Company registration number: 09934888
Hoyles Denholme Limited
Unaudited filleted financial statements
31 March 2020
Hoyles Denholme Limited
Directors and other information
Directors Mr R T Hoyle
Mr T J Hoyle
Company number 09934888
Registered office Denholme Garage
New Road
Denholme
Bradford
BD13 4DN
Accountants Hodgson Hey Limited
Heritage Exchange
South Lane
Elland
HX5 0HG
Hoyles Denholme Limited
Statement of financial position
31 March 2020
2020 2019
Note £ £ £ £
Current assets
Stocks 631,598 522,156
Debtors 5 20,161 21,939
Cash at bank and in hand 202,678 164,543
_______ _______
854,437 708,638
Creditors: amounts falling due
within one year 6 ( 253,758) ( 270,679)
_______ _______
Net current assets 600,679 437,959
_______ _______
Total assets less current liabilities 600,679 437,959
_______ _______
Net assets 600,679 437,959
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 599,679 436,959
_______ _______
Shareholders funds 600,679 437,959
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 November 2020 , and are signed on behalf of the board by:
Mr T J Hoyle Mr R T Hoyle
Director Director
Company registration number: 09934888
Hoyles Denholme Limited
Notes to the financial statements
Year ended 31 March 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Denholme Garage, Denholme Garage, New Road, Denholme, Bradford, BD13 4DN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Staff costs
The average number of persons employed by the company during the year amounted to 9 (2019: 9 ).
5. Debtors
2020 2019
£ £
Trade debtors 4,426 3,822
Other debtors 15,735 18,117
_______ _______
20,161 21,939
_______ _______
6. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors 18,669 17,814
Social security and other taxes 28,102 19,787
Other creditors 206,987 233,078
_______ _______
253,758 270,679
_______ _______
7. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 20,000 15,000
_______ _______
20,000 15,000
_______ _______
8. Controlling party
The company was controlled throughout the year by the directors.