AR Hefford Limited Filleted accounts for Companies House (small and micro)
AR Hefford Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06107445
|
|
|
|
STATEMENT OF FINANCIAL POSITION |
2022 |
2021 |
|||
Note |
£ |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
|
|
||
Tangible assets |
6 |
|
|
||
-------- |
--------- |
||||
|
|
||||
Current assets
Stocks |
|
|
||
Cash at bank and in hand |
|
|
||
--------- |
--------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
7 |
|
|
||
--------- |
--------- |
||||
Net current liabilities |
|
|
|||
-------- |
--------- |
||||
Total assets less current liabilities |
|
|
|||
-------- |
-------- |
||||
Net assets |
|
|
|||
-------- |
-------- |
||||
Capital and reserves
Called up share capital |
|
|
||
Profit and loss account |
|
|
||
-------- |
-------- |
|||
Shareholders funds |
|
|
||
-------- |
-------- |
|||
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
20 February 2023
, and are signed on behalf of the board by:
|
|
Director |
|
Company registration number:
06107445
|
NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 28 FEBRUARY 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7B Lakeland Business Park, Lamplugh Road, Cockermouth, CA13 0QT.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Corporation tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery |
- |
|
|
Motor vehicles |
- |
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Finance leases and hire purchase contracts
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2021:
1
).
5.
Intangible assets
Goodwill |
|
£ |
|
Cost |
|
At 1 March 2021 and 28 February 2022 |
|
--------- |
|
Amortisation |
|
At 1 March 2021 |
|
Charge for the year |
|
--------- |
|
At 28 February 2022 |
|
--------- |
|
Carrying amount |
|
At 28 February 2022 |
|
--------- |
|
At 28 February 2021 |
|
--------- |
|
6.
Tangible assets
Plant and machinery |
Motor vehicles |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 March 2021 and 28 February 2022 |
|
|
|
-------- |
--------- |
--------- |
|
Depreciation |
|||
At 1 March 2021 |
|
|
|
Charge for the year |
|
|
|
-------- |
--------- |
--------- |
|
At 28 February 2022 |
|
|
|
-------- |
--------- |
--------- |
|
Carrying amount |
|||
At 28 February 2022 |
|
|
|
-------- |
--------- |
--------- |
|
At 28 February 2021 |
|
|
|
-------- |
--------- |
--------- |
|
7.
Creditors:
amounts falling due within one year
2022 |
2021 |
|
£ |
£ |
|
Social security and other taxes |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|