Higher Bebington Gas Limited 31/03/2023 iXBRL

Higher Bebington Gas Limited 31/03/2023 iXBRL

HIGHER BEBINGTON GAS LIMITED - Company Information

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4 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 05173553 2022-04-01 2023-03-31 05173553 2023-03-31 05173553 2022-03-31 05173553 2021-04-01 2022-03-31 05173553 2022-03-31 05173553 core:NetGoodwill 2022-04-01 2023-03-31 05173553 core:PlantMachinery 2022-04-01 2023-03-31 05173553 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 05173553 core:MotorVehicles 2022-04-01 2023-03-31 05173553 core:OnerousContractsExcludingVacantProperties 2022-04-01 2023-03-31 05173553 bus:RegisteredOffice 2022-04-01 2023-03-31 05173553 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 05173553 bus:Director1 2022-04-01 2023-03-31 05173553 bus:CompanySecretary1 2022-04-01 2023-03-31 05173553 core:NetGoodwill 2022-03-31 05173553 core:NetGoodwill 2023-03-31 05173553 core:PlantMachinery 2022-03-31 05173553 core:FurnitureFittingsToolsEquipment 2022-03-31 05173553 core:MotorVehicles 2022-03-31 05173553 core:PlantMachinery 2023-03-31 05173553 core:FurnitureFittingsToolsEquipment 2023-03-31 05173553 core:MotorVehicles 2023-03-31 05173553 core:WithinOneYear 2023-03-31 05173553 core:WithinOneYear 2022-03-31 05173553 core:AfterOneYear 2023-03-31 05173553 core:AfterOneYear 2022-03-31 05173553 core:ShareCapital 2023-03-31 05173553 core:ShareCapital 2022-03-31 05173553 core:RetainedEarningsAccumulatedLosses 2023-03-31 05173553 core:RetainedEarningsAccumulatedLosses 2022-03-31 05173553 core:NetGoodwill 2022-03-31 05173553 core:PlantMachinery 2022-03-31 05173553 core:FurnitureFittingsToolsEquipment 2022-03-31 05173553 core:MotorVehicles 2022-03-31 05173553 bus:SmallEntities 2022-04-01 2023-03-31 05173553 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05173553 bus:FullAccounts 2022-04-01 2023-03-31 05173553 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05173553 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05173553 core:OfficeEquipment 2022-04-01 2023-03-31 05173553 core:OfficeEquipment 2022-03-31 05173553 core:OfficeEquipment 2023-03-31
Company registration number: 05173553
Higher Bebington Gas Limited
Unaudited filleted financial statements
31 March 2023
Higher Bebington Gas Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Higher Bebington Gas Limited
Directors and other information
Director A Edwards
Secretary L Edwards
Company number 05173553
Registered office 392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Accountant Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Higher Bebington Gas Limited
Chartered accountant's report to the director on the preparation of the
unaudited statutory financial statements of Higher Bebington Gas Limited
Year ended 31 March 2023
As described on the Statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2023, as set out on pages 3 to 8.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co.
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
21 September 2023
Higher Bebington Gas Limited
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 12,400 15,500
Tangible assets 6 12,994 17,032
_______ _______
25,394 32,532
Current assets
Debtors 7 2,110 1,452
Cash at bank and in hand 83,143 77,525
_______ _______
85,253 78,977
Creditors: amounts falling due
within one year 8 ( 51,184) ( 49,933)
_______ _______
Net current assets 34,069 29,044
_______ _______
Total assets less current liabilities 59,463 61,576
Creditors: amounts falling due
after more than one year 9 ( 7,731) ( 13,032)
_______ _______
Net assets 51,732 48,544
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 51,730 48,542
_______ _______
Shareholders funds 51,732 48,544
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 21 September 2023 , and are signed on behalf of the board by:
A Edwards
Director
Company registration number: 05173553
Higher Bebington Gas Limited
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 392-394 Hoylake Road, Moreton, Wirral, CH46 6DF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
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 - 10 % straight line
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
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any Tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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 and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
Office equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2022 and 31 March 2023 31,000 31,000
_______ _______
Amortisation
At 1 April 2022 15,500 15,500
Charge for the year 3,100 3,100
_______ _______
At 31 March 2023 18,600 18,600
_______ _______
Carrying amount
At 31 March 2023 12,400 12,400
_______ _______
At 31 March 2022 15,500 15,500
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Office equipment Total
£ £ £ £ £
Cost
At 1 April 2022 2,686 4,569 28,841 4,973 41,069
Additions - - - 294 294
_______ _______ _______ _______ _______
At 31 March 2023 2,686 4,569 28,841 5,267 41,363
_______ _______ _______ _______ _______
Depreciation
At 1 April 2022 1,850 4,305 14,131 3,751 24,037
Charge for the year 209 66 3,678 379 4,332
_______ _______ _______ _______ _______
At 31 March 2023 2,059 4,371 17,809 4,130 28,369
_______ _______ _______ _______ _______
Carrying amount
At 31 March 2023 627 198 11,032 1,137 12,994
_______ _______ _______ _______ _______
At 31 March 2022 836 264 14,710 1,222 17,032
_______ _______ _______ _______ _______
7. Debtors
2023 2022
£ £
Other debtors 2,110 1,452
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 20,069 10,206
Corporation tax 14,834 13,907
Social security and other taxes 8,537 9,254
Other creditors 7,744 16,566
_______ _______
51,184 49,933
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 7,731 13,032
_______ _______
10. Controlling party
The company is controlled by the director whose name and shareholding are shown on the directors report.
11. Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.
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