Humphreys Of Chester Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06813699 (England and Wales)

Humphreys Of Chester Limited

Unaudited Financial Statements

for the Year Ended 30 November 2021

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

J M Cameron

Mrs H Cameron

Miss K Cameron

Secretary:

Mrs H Cameron

Registered office:

17-19 Lower Bridge Street

Chester

CH1 1RS

Registered number:

06813699 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

76 Manchester Road

Denton

Manchester

M34 3PS

Fixed assets

Intangible assets

4

400,000

400,000

Tangible assets

5

17,948

24,438

417,948

424,438

Current assets

Debtors

6

142,404

45,219

Cash at bank

105,323

164,015

247,727

209,234

Creditors

Amounts falling due within one year

7

(144,015

)

(205,639

)

Net current assets

103,712

3,595

Total assets less current liabilities

521,660

428,033

Provisions for liabilities

(3,741

)

(4,501

)

Net assets

517,919

423,532

Capital and reserves

Called up share capital

1

1

Retained earnings

517,918

423,531

517,919

423,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

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 31 August 2022 and were signed on its behalf by:

J M Cameron - Director

1.	Statutory information

Humphreys Of Chester 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.

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 etc

-

33% on cost, 25% on cost and 10% on cost

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.

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.

3.	Employees and directors

The average number of employees during the year was 12 (2020 - 14 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 December 2020

and 30 November 2021

400,000

Net book value

At 30 November 2021

400,000

At 30 November 2020

400,000

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 December 2020

75,623

Additions

7,841

At 30 November 2021

83,464

Depreciation

At 1 December 2020

51,185

Charge for year

14,331

At 30 November 2021

65,516

Net book value

At 30 November 2021

17,948

At 30 November 2020

24,438

6.

Debtors: amounts falling due within one year

30.11.21

30.11.20

£

£

Amounts owed by group undertakings

75,298

-

Other debtors

67,106

45,219

142,404

45,219

7.

Creditors: amounts falling due within one year

30.11.21

30.11.20

£

£

Bank loans and overdrafts

-

100,000

Amounts owed to group undertakings

-

2,702

Taxation and social security

59,625

36,188

Other creditors

84,390

66,749

144,015

205,639

8.	Other financial commitments

Operating lease commitments at the balance sheet date amounted to £64,471 (2020 £50,342).