Hirst Conservation Limited - Period Ending 2021-02-28

Hirst Conservation Limited

trading as Hirst Conservation

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Hirst Conservation Limited

trading as Hirst Conservation

Company Information

Directors

Mr N P Webster Mrs E A Hirst

Registered office

Laughton Hall Farmhouse Laughton Sleaford Lincolnshire NG34 0HE

Accountants

Nera Accounting Limited Chartered Certified Accountants Suite B 32 Thorpe Wood Peterborough Cambridgeshire PE3 6SR

Hirst Conservation Limited

trading as Hirst Conservation

(Registration number: 09797372)
Balance Sheet as at 28 February 2021

	Note	2021 £	2020 £
Fixed assets
Intangible assets	4	-	18,000
Tangible assets	5	79,919	78,126
		79,919	96,126
Current assets
Stocks	6	91,270	111,200
Debtors	7	458,376	394,435
Cash at bank and in hand		2,790	143,531
		552,436	649,166
Creditors: Amounts falling due within one year	8	(405,497)	(504,864)
Net current assets		146,939	144,302
Total assets less current liabilities		226,858	240,428
Creditors: Amounts falling due after more than one year	8	(47,500)	(9,620)
Provisions for liabilities		(11,558)	(16,346)
Net assets		167,800	214,462
Capital and reserves
Called up share capital		100	100
Profit and loss account		167,700	214,362
Total equity		167,800	214,462

For the financial year ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Hirst Conservation Limited

trading as Hirst Conservation

(Registration number: 09797372)
Balance Sheet as at 28 February 2021

Approved and authorised by the Board on 30 November 2021 and signed on its behalf by:
 

Mr N P Webster

Director

Mrs E A Hirst

Director

Hirst Conservation Limited

trading as Hirst Conservation

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Laughton Hall Farmhouse
Laughton
Sleaford
Lincolnshire
NG34 0HE

These financial statements were authorised for issue by the Board on 30 November 2021.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2020 - 19).

3	Profit before tax

Arrived at after charging/(crediting)

	2021 £	2020 £
Depreciation expense	14,453	21,857
Amortisation expense	18,000	18,000

Hirst Conservation Limited

trading as Hirst Conservation

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2021

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 March 2020	90,000	90,000
At 28 February 2021	90,000	90,000
Amortisation
At 1 March 2020	72,000	72,000
Amortisation charge	18,000	18,000
At 28 February 2021	90,000	90,000
Carrying amount
At 28 February 2021	-	-
At 29 February 2020	18,000	18,000

5	Tangible assets

	Short leasehold land and buildings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 March 2020	19,162	74,222	18,862	34,669
Additions	-	16,343	-	-
Disposals	-	(310)	-	-
At 28 February 2021	19,162	90,255	18,862	34,669
Depreciation
At 1 March 2020	-	34,078	16,812	17,899
Charge for the year	-	9,024	1,260	4,168
Eliminated on disposal	-	(212)	-	-
At 28 February 2021	-	42,890	18,072	22,067
Carrying amount
At 28 February 2021	19,162	47,365	790	12,602
At 29 February 2020	19,162	40,144	2,050	16,770

Hirst Conservation Limited

trading as Hirst Conservation

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2021

	Total £
Cost or valuation
At 1 March 2020	146,915
Additions	16,343
Disposals	(310)
At 28 February 2021	162,948
Depreciation
At 1 March 2020	68,789
Charge for the year	14,452
Eliminated on disposal	(212)
At 28 February 2021	83,029
Carrying amount
At 28 February 2021	79,919
At 29 February 2020	78,126

Included within the net book value of land and buildings above is £19,162 (2020 - £19,162) in respect of short leasehold land and buildings.
 

6

Stocks

	2021 £	2020 £
Work in progress	58,180	84,613
Other inventories	33,090	26,587
	91,270	111,200

Hirst Conservation Limited

trading as Hirst Conservation

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2021

7

Debtors

	Note	2021 £	2020 £
Trade debtors		329,139	311,739
Amounts owed by group undertakings and undertakings in which the company has a participating interest		3,333	435
Prepayments		10,551	14,953
Other debtors		115,353	67,308
		458,376	394,435

Hirst Conservation Limited

trading as Hirst Conservation

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2021

8

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Due within one year
Loans and borrowings	9	167,156	213,529
Trade creditors		85,071	136,772
Taxation and social security		84,924	90,068
Accruals and deferred income		66,563	15,913
Other creditors		1,783	48,582
		405,497	504,864

Creditors: amounts falling due after more than one year

	Note	2021 £	2020 £
Due after one year
Loans and borrowings	9	47,500	9,620

9	Loans and borrowings

	2021 £	2020 £
Non-current loans and borrowings
Bank borrowings	47,500	-
Hire purchase contracts	-	9,620
	47,500	9,620

	2021 £	2020 £
Current loans and borrowings
Bank borrowings	2,500	-
Bank overdrafts	152,821	208,032
Hire purchase contracts	11,835	5,497
	167,156	213,529

Hirst Conservation Limited

trading as Hirst Conservation

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2021

Bank borrowings

Bounce Back Loan is denominated in Sterling with a nominal interest rate of 2.5%, and the final instalment is due on 11 May 2026. The carrying amount at year end is £50,000 (2020 - £Nil).

Other borrowings

Hire Purchase is denominated in Sterling with a nominal interest rate of 8.9%, and the final instalment is due on 28 November 2021. The carrying amount at year end is £11,835 (2020 - £15,117). The hire purchase loan is secured against a vehicle operated by the company.