Henry Herbert Tailors Limited 31/03/2022 iXBRL

Henry Herbert Tailors Limited 31/03/2022 iXBRL

HENRY HERBERT TAILORS LIMITED - Company Information

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1 31/03/2022 2022-03-31 false false false false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2021-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09965002 2021-04-01 2022-03-31 09965002 2022-03-31 09965002 2021-03-31 09965002 2020-04-01 2021-03-31 09965002 2021-03-31 09965002 core:NetGoodwill 2021-04-01 2022-03-31 09965002 bus:RegisteredOffice 2021-04-01 2022-03-31 09965002 bus:LeadAgentIfApplicable 2021-04-01 2022-03-31 09965002 bus:Director1 2021-04-01 2022-03-31 09965002 core:NetGoodwill 2021-03-31 09965002 core:WithinOneYear 2022-03-31 09965002 core:WithinOneYear 2021-03-31 09965002 core:ShareCapital 2022-03-31 09965002 core:ShareCapital 2021-03-31 09965002 core:RetainedEarningsAccumulatedLosses 2021-03-31 09965002 core:NetGoodwill 2021-03-31 09965002 bus:SmallEntities 2021-04-01 2022-03-31 09965002 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 09965002 bus:FullAccounts 2021-04-01 2022-03-31 09965002 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 09965002 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 09965002 1 2021-04-01 2022-03-31
Company registration number: 09965002
Henry Herbert Tailors Limited
Unaudited filleted financial statements
31 March 2022
Henry Herbert Tailors Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Henry Herbert Tailors Limited
Directors and other information
Director Alexander Dickinson
Company number 09965002
Registered office 8 Lamb's Conduit Street
London
WC1R 4RG
Accountants Nicholsons
St James's House
Austenwood Lane
Gerrards Cross
Buckinghamshire
SL9 8SG
Bankers Metro Bank plc
Henry Herbert Tailors Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Henry Herbert Tailors Limited
Year ended 31 March 2022
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2022 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Nicholsons
St James's House
Austenwood Lane
Gerrards Cross
Buckinghamshire
SL9 8SG
30 December 2022
Henry Herbert Tailors Limited
Statement of financial position
31 March 2022
2022 2021
Note £ £ £ £
Fixed assets
Intangible assets 5 - 400,000
_______ _______
- 400,000
Current assets
Debtors 6 1,900 8,700
_______ _______
1,900 8,700
Creditors: amounts falling due
within one year 7 ( 1,800) ( 385,365)
_______ _______
Net current assets/(liabilities) 100 ( 376,665)
_______ _______
Total assets less current liabilities 100 23,335
_______ _______
Net assets 100 23,335
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account - 23,235
_______ _______
Shareholders funds 100 23,335
_______ _______
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges 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 income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 December 2022 , and are signed on behalf of the board by:
Alexander Dickinson
Director
Company registration number: 09965002
Henry Herbert Tailors Limited
Notes to the financial statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 8 Lamb's Conduit Street, London, WC1R 4RG.
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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
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 - 10 % straight line
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.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2021 450,000 450,000
Disposals (450,000) (450,000)
_______ _______
At 31 March 2022 - -
_______ _______
Amortisation
At 1 April 2021 50,000 50,000
Disposals ( 50,000) ( 50,000)
_______ _______
At 31 March 2022 - -
_______ _______
Carrying amount
At 31 March 2022 - -
_______ _______
At 31 March 2021 400,000 400,000
_______ _______
6. Debtors
2022 2021
£ £
Other debtors 1,900 8,700
_______ _______
7. Creditors: amounts falling due within one year
2022 2021
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 79,965
Corporation tax 1,800 1,800
Other creditors - 303,600
_______ _______
1,800 385,365
_______ _______
8. Controlling party
The director owns all of the issued share capital of the company.