Hindwoods Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03940325 (England and Wales)

Financial Statements for the Year Ended 31 March 2022

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

352,522

374,105

Tangible assets

5

70,277

80,032

422,799

454,137

CURRENT ASSETS

Debtors

294,974

234,388

Cash at bank and in hand

629,343

718,390

924,317

952,778

CREDITORS

Amounts falling due within one year

(299,819

)

(325,920

)

NET CURRENT ASSETS

624,498

626,858

TOTAL ASSETS LESS CURRENT LIABILITIES

1,047,297

1,080,995

CREDITORS

Amounts falling due after more than one year

6

-

(229,167

)

PROVISIONS FOR LIABILITIES

7

(6,635

)

(7,612

)

NET ASSETS

1,040,662

844,216

CAPITAL AND RESERVES

Called up share capital

12,695

12,695

Share premium

15,000

15,000

Capital redemption reserve

32,305

32,305

Retained earnings

980,662

784,216

SHAREHOLDERS' FUNDS

1,040,662

844,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 2022 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 22 December 2022 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

Government grants

A government grant is assistance provided by government in the form of a transfer of resources to an entity in return for past or future compliance with specified conditions relating to the operating activities of the entity. A grant that becomes receivable as compensation for expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Coronavirus Job Retention Scheme (CJRS) grant income received in the year has been recognised in the profit and loss account in the period that the expense was incurred and the grant becomes receivable.

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 45 (2021 - 45 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

604,308

AMORTISATION

At 1 April 2021

230,203

Amortisation for year

21,583

At 31 March 2022

251,786

NET BOOK VALUE

At 31 March 2022

352,522

At 31 March 2021

374,105

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

202,074

Additions

17,524

Disposals

(16,098

)

At 31 March 2022

203,500

DEPRECIATION

At 1 April 2021

122,042

Charge for year

27,279

Eliminated on disposal

(16,098

)

At 31 March 2022

133,223

NET BOOK VALUE

At 31 March 2022

70,277

At 31 March 2021

80,032

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/3/22

31/3/21

£

£

Repayable by instalments

Bank loans

-

29,167

7.	PROVISIONS FOR LIABILITIES

31/3/22

31/3/21

£

£

Deferred tax

6,635

7,612

Deferred tax

£

Balance at 1 April 2021

7,612

Movement in the year

(977

)

Balance at 31 March 2022

6,635