Humphreys Design & Build Limited - Accounts to registrar (filleted) - small 18.2
Humphreys Design & Build Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 November 2020 |
| for |
| Humphreys Design & Build Limited |
| Humphreys Design & Build Limited (Registered number: 04593763) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2020 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 7 |
| Humphreys Design & Build Limited |
| Company Information |
| for the Year Ended 30 November 2020 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Aston Court |
| Bromsgrove Technology Park |
| Bromsgrove |
| Worcestershire |
| B60 3AL |
| Humphreys Design & Build Limited (Registered number: 04593763) |
| Abridged Balance Sheet |
| 30 November 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Humphreys Design & Build Limited (Registered number: 04593763) |
| Abridged Balance Sheet - continued |
| 30 November 2020 |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Humphreys Design & Build Limited (Registered number: 04593763) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2020 |
| 1. | STATUTORY INFORMATION |
| Humphreys Design & Build Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| Since March 2020, the company's ability to trade has been adversely impacted due to the COVID-19 outbreak. The directors are taking all necessary steps to ensure the survival of the business which includes accessing government funding and cutting costs where possible. |
| Turnover |
| Turnover represents rental income and insurance recharges, net of vat. |
| Tangible fixed assets |
| Computer equipment | - |
| Investment property |
| In accordance with Financial Reporting Standard 102 Section 1a, investment property is included at fair value and gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided, which is a departure from the Companies Act 2006, but is required to provide a true and fair view. |
| 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 payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease. Where no lease is in place, the rentals are charges to the profit and loss account as and when paid. |
| Humphreys Design & Build Limited (Registered number: 04593763) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Rental income |
| Rental income arising from investment properties is accounted for on a straight line basis over the lease term. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2019 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 December 2019 |
| and 30 November 2020 |
| DEPRECIATION |
| At 1 December 2019 |
| and 30 November 2020 |
| NET BOOK VALUE |
| At 30 November 2020 |
| At 30 November 2019 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 December 2019 |
| and 30 November 2020 |
| NET BOOK VALUE |
| At 30 November 2020 |
| At 30 November 2019 |
| Fair value at 30 November 2020 is represented by: |
| £ |
| Valuation in 2004 | 31,399 |
| Cost | 398,601 |
| 430,000 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2020 | 2019 |
| £ | £ |
| Cost | 398,601 | 398,601 |
| Investment property was valued on an open market basis on 30 November 2020 by the director. . |
| Humphreys Design & Build Limited (Registered number: 04593763) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2020 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
| 2020 | 2019 |
| £ | £ |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 12,596 | 32,275 |
| Bounce Back Loan | 3,333 | - |
| 15,929 | 32,275 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2020 | 2019 |
| £ | £ |
| Bank loans | 111,679 | 124,416 |
| NatWest Bank Plc holds a first legal charge over the Haysfield, Malvern, Worcestershire and its associated assets and a floating charge over all other property and undertakings of the company. |
| 8. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 December 2019 |
| and 30 November 2020 |
| 9. | CONTINGENT LIABILITIES |
| There were no known material contingent liabilities at the year end. |
| 10. | POST BALANCE SHEET EVENTS |
| There were no material post balance sheet events. |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Humphreys Design & Build Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Humphreys Design & Build Limited for the year ended 30 November 2020 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Humphreys Design & Build Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Humphreys Design & Build Limited and state those matters that we have agreed to state to the director of Humphreys Design & Build Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Humphreys Design & Build Limited and its director for our work or for this report. |
| It is your duty to ensure that Humphreys Design & Build Limited 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 Humphreys Design & Build Limited. You consider that Humphreys Design & Build Limited 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 Humphreys Design & Build Limited. 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. |
| 1 Aston Court |
| Bromsgrove Technology Park |
| Bromsgrove |
| Worcestershire |
| B60 3AL |