HGE Surveying Services Limited Filleted accounts for Companies House (small and micro)
HGE Surveying Services Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08605760
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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-------- |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
9 |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
17 March 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
08605760
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Notes to the Financial Statements |
Year ended 31 July 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 Tallford House, 38 Walliscote Road, Weston super Mare, North Somerset, BS23 1LP. The principal activity of the company during the year was the provision of surveying services.
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. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions or other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Taxation
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:
Equipment |
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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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Government grants
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2021:
4
).
5.
Tangible assets
Plant and machinery |
Total |
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£ |
£ |
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Cost |
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At 1 August 2021 |
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Additions |
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At 31 July 2022 |
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Depreciation |
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At 1 August 2021 |
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Charge for the year |
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------- |
------- |
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At 31 July 2022 |
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Carrying amount |
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At 31 July 2022 |
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At 31 July 2021 |
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6.
Debtors
2022 |
2021 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Trade creditors |
– |
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Social security and other taxes |
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Other creditors |
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8.
Government grants
The amounts recognised in the financial statements for government grants are as follows:
2022 |
2021 |
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£ |
£ |
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Recognised in other operating income:
Government grants recognised directly in income |
– |
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Government grants of nil (2021: £1,443) in relation to furlough payments were received during the year to 31 July 2022.
9.
Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
10.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2022 |
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Balance brought forward |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
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Directors' loans
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– |
– |
– |
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2021 |
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Balance brought forward |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
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Directors' loans
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(
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– |
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