Company Registration No. 01372946 (England and Wales)
Hawkshaw Motor Cycles Limited
Unaudited accounts
for the year ended 30 June 2021
Hawkshaw Motor Cycles Limited
Unaudited accounts
Contents
Hawkshaw Motor Cycles Limited
Company Information
for the year ended 30 June 2021
Directors
Mr J G Hawkshaw
Mrs P Hawkshaw
Mr C Hawkshaw
Mr A R Hawkshaw
Company Number
01372946 (England and Wales)
Registered Office
6 Halltine Close
Blundellsands
Liverpool
L23 6XX
Accountants
Invictus Accountancy Services Limited
1 Stable Court Business Centre
Water Lane Farm Tarbock Green
Liverpool
Merseyside
L35 1RD
Hawkshaw Motor Cycles Limited
Statement of financial position
as at 30 June 2021
Tangible assets
69,591
72,606
Cash at bank and in hand
245,094
209,049
Creditors: amounts falling due within one year
(258,452)
(258,287)
Net current liabilities
(9,358)
(45,238)
Called up share capital
100
100
Profit and loss account
60,133
27,268
Shareholders' funds
60,233
27,368
For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2022 and were signed on its behalf by
Mrs P Hawkshaw
Director
Company Registration No. 01372946
Hawkshaw Motor Cycles Limited
Notes to the Accounts
for the year ended 30 June 2021
Hawkshaw Motor Cycles Limited is a private company, limited by shares, registered in England and Wales, registration number 01372946. The registered office is 6 Halltine Close, Blundellsands, Liverpool, L23 6XX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% on reducing balance
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Hawkshaw Motor Cycles Limited
Notes to the Accounts
for the year ended 30 June 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2020
114,733
3,287
4,000
122,020
At 30 June 2021
114,733
3,287
4,000
122,020
At 1 July 2020
42,782
3,032
3,600
49,414
Charge for the year
2,878
38
99
3,015
At 30 June 2021
45,660
3,070
3,699
52,429
At 30 June 2021
69,073
217
301
69,591
At 30 June 2020
71,951
255
400
72,606
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Creditors: amounts falling due within one year
2021
2020
Trade creditors
1,979
1,323
Taxes and social security
12,524
13,450
Loans from directors
243,505
243,087
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2020: 3).
