Hook Construction (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08637548 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2021

for

Hook Construction (UK) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

KI Fyfe

NS Hughes

REGISTERED OFFICE:

Unit 18 Honeyborough Industrial Estate

Neyland

Milford Haven

SA73 1SE

REGISTERED NUMBER:

08637548 (England and Wales)

ACCOUNTANTS:

Paul Summers & Co

28A Church Lane

Marple

Stockport

Cheshire

SK6 6DE

FIXED ASSETS

Property, plant and equipment

4

436,805

348,476

CURRENT ASSETS

Inventories

7,000

7,000

Debtors

3,246

63,679

Cash at bank

1

1

10,247

70,680

CREDITORS

Amounts falling due within one year

(186,304

)

(207,245

)

NET CURRENT LIABILITIES

(176,057

)

(136,565

)

TOTAL ASSETS LESS CURRENT LIABILITIES

260,748

211,911

CREDITORS

Amounts falling due after more than one year

(192,294

)

(222,371

)

NET ASSETS/(LIABILITIES)

68,454

(10,460

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

5

154,056

154,056

Retained earnings

(85,702

)

(164,616

)

SHAREHOLDERS' FUNDS

68,454

(10,460

)

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

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

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th December 2021 and were signed on its behalf by:

KI Fyfe - Director

1.	STATUTORY INFORMATION

Hook Construction (UK) 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 as modified by the revaluation of certain assets.

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 etc

-

25% on reducing balance

Land and Buildings have been revalued by an independent valuer at 31 August 2018.

Stocks

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2020 - 15 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST OR VALUATION

At 1st September 2020

421,691

Additions

115,332

Disposals

(14,500

)

At 31st August 2021

522,523

DEPRECIATION

At 1st September 2020

73,215

Charge for year

22,328

Eliminated on disposal

(9,825

)

At 31st August 2021

85,718

NET BOOK VALUE

At 31st August 2021

436,805

At 31st August 2020

348,476

If freehold property had not been revalued, it would have been included at the following historical cost;

31/08/21 31/08/20

£ £

Cost 215,777 134,061

Revaluation in 2018 154,056 154,056

Revalued cost 369,833 288,117

5.

RESERVES

Revaluation

reserve

£

At 1st September 2020

and 31st August 2021

154,056