Hannaway Hilltown Ltd 31/07/2020 iXBRL
Hannaway Hilltown Ltd 31/07/2020 iXBRL
Company registration number:
NI051131
Contents
Directors and other information
Accountants report
Balance sheet
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Business address |
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Accountants |
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37 Church Street | ||
Warrenpoint | ||
Co Down | ||
BT34 3HN | ||
Bankers |
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86 Hill Street | ||
Newry | ||
Co Down | ||
BT34 1BT | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Hannaway Hilltown Ltd
Year ended 31 July 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hannaway Hilltown Ltd for the year ended 31 July 2020 which comprise the Balance Sheet, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Hannaway Hilltown Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hannaway Hilltown Ltd and state those matters that we have agreed to state to the board of directors of Hannaway Hilltown Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hannaway Hilltown Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Hannaway Hilltown Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hannaway Hilltown Ltd. You consider that Hannaway Hilltown Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Hannaway Hilltown Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
37 Church Street
Warrenpoint
Co Down
BT34 3HN
25 June 2021
Balance sheet
31 July 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
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Tangible assets | 6 |
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Current assets | |||||||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
25 June 2021
, and are signed on behalf of the board by:
Director
Company registration number:
NI051131
Statement of changes in equity
Year ended 31 July 2020
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 August 2018 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 July 2019 and 1 August 2019 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 July 2020 |
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Notes to the financial statements
Year ended 31 July 2020
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 44 Main Street, Hilltown, Newry, Co Down, BT34 5JU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
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.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property | - |
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Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Impairment
Stocks
Government grants
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
20
(2019:
19
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5.
Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 August 2019 and 31 July 2020 |
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Amortisation | |||
At 1 August 2019 |
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Charge for the year |
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At 31 July 2020 |
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Carrying amount | |||
At 31 July 2020 |
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At 31 July 2019 |
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6.
Tangible assets
Long leasehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 August 2019 |
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Additions | - |
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At 31 July 2020 |
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Depreciation | ||||||
At 1 August 2019 |
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Charge for the year |
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At 31 July 2020 |
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Carrying amount | ||||||
At 31 July 2020 |
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At 31 July 2019 |
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287,763 | |
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7.
Debtors
2020 | 2019 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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_______ | _______ | |||
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8.
Creditors: amounts falling due within one year
2020 | 2019 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Creditors: amounts falling due after more than one year
2020 | 2019 | |||
£ | £ | |||
Bank loans and overdrafts |
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Other creditors |
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10.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2020 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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2019 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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_______ | _______ | _______ | ||
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