Hotcake Ltd. - Accounts to registrar (filleted) - small 18.2
Hotcake Ltd. - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2020 |
| for |
| Hotcake Ltd. |
| Hotcake Ltd. (Registered number: 04118070) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Hotcake Ltd. |
| Company Information |
| for the Year Ended 30 June 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 19 Shakespeare Avenue |
| Bath |
| Somerset |
| BA2 4RF |
| Hotcake Ltd. (Registered number: 04118070) |
| Balance Sheet |
| 30 June 2020 |
| 30.6.20 | 30.6.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| Hotcake Ltd. (Registered number: 04118070) |
| Balance Sheet - continued |
| 30 June 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Hotcake Ltd. (Registered number: 04118070) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2020 |
| 1. | STATUTORY INFORMATION |
| Hotcake Ltd. is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| Going concern |
| The Directors consider that the Company has adequate resources to continue in operational existence for the foreseeable future. The key potential source of uncertainty noted by the Directors is the Coronavirus and COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that these will have on the Company. Accordingly, the Directors have continued to prepare the financial statements on the going concern basis. |
| Hotcake Ltd. (Registered number: 04118070) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Government grants |
| Government grants are recognised in the Profit & Loss Account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute as follows: |
| Grants for immediate financial support or to cover costs already incurred are recognised immediately in the Profit & Loss Account; |
| Grants towards general activities of the entity over a specific period are recognised in the Profit & Loss Account over that period. |
| Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the Profit & Loss Account over the useful life of the asset concerned. |
| Grants are only recognised in the Profit & Loss Account when all relevant conditions for their receipt and retention have been complied with. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2019 |
| Additions |
| At 30 June 2020 |
| DEPRECIATION |
| At 1 July 2019 |
| Charge for year |
| At 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 30 June 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.20 | 30.6.19 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.20 | 30.6.19 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Hotcake Ltd. (Registered number: 04118070) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2020 |
| 7. | POST BALANCE SHEET EVENTS |
| Coronavirus Pandemic |
| The Coronavirus pandemic and the associated household isolation measures were introduced by the UK government on 23 March 2020 with lockdowns and relaxations reflecting infection rates and controls required. The resultant economic effects are likely to continue to materialise after the year end. |
| Insofar as they are able, the Directors have reflected the effects of these developments in the balance sheet of the Company as at 30 June 2020. Changes to the economy that have been triggered by the pandemic mitigation measures will manifest and be felt financially beyond the current year end. The position of the Company at 30 June 2020 should be viewed in this context. |
| The impact of the Coronavirus pandemic is yet not clear and at the date of this report it is not possible to evaluate all potential implications for the Company's operations, staff, clients and suppliers. |
| The Directors consider it possible there will be a recession in 2021 which may affect the Company, but the severity and duration of this is not predictable. The Directors are actively directing the Company's responses to mitigate these risks. The principal objectives are to protect the health and safety of personnel in the performance of their duties, meet the needs of clients and suppliers, ensure the continuity of operations, and to fully co-operate with Government and Public Authorities on all matters. |