HD Property Services (Midlands) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07043593 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

FOR

HD PROPERTY SERVICES (MIDLANDS) LIMITED

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTOR:

Mr N Harris

REGISTERED OFFICE:

The Orchard

Callow Hill Lane

Callow Hill

Redditch

Worcestershire

B97 5PT

REGISTERED NUMBER:

07043593 (England and Wales)

ACCOUNTANTS:

NJR Accountancy Services Limited

14 Victoria Square

Droitwich Spa

Worcestershire

WR9 8DS

FIXED ASSETS

Property, plant and equipment

4

13,337

17,783

CURRENT ASSETS

Inventories

7,728

5,053

Debtors

5

10,195

6,247

Cash at bank

60,982

4,524

78,905

15,824

CREDITORS

Amounts falling due within one year

6

42,751

24,092

NET CURRENT ASSETS/(LIABILITIES)

36,154

(8,268

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,491

9,515

CREDITORS

Amounts falling due after more than one year

7

(40,834

)

-

PROVISIONS FOR LIABILITIES

(1,576

)

(2,210

)

NET ASSETS

7,081

7,305

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7,080

7,304

7,081

7,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 29th September 2021 and were signed by:

Mr N Harris - Director

1.	STATUTORY INFORMATION

HD Property Services (Midlands) 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2020

and 31st March 2021

43,024

21,201

64,225

DEPRECIATION

At 1st April 2020

35,170

11,272

46,442

Charge for year

1,964

2,482

4,446

At 31st March 2021

37,134

13,754

50,888

NET BOOK VALUE

At 31st March 2021

5,890

7,447

13,337

At 31st March 2020

7,854

9,929

17,783

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

8,163

6,247

Other debtors

2,032

-

10,195

6,247

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

9,167

-

Trade creditors

4,599

3,198

Taxation and social security

2,210

517

Other creditors

26,775

20,377

42,751

24,092

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans

40,834

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

834

-