HAWKS CHEMICAL COMPANY LIMITED

HAWKS CHEMICAL COMPANY LIMITED

HAWKS CHEMICAL COMPANY LIMITED - Company Information

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HAWKS CHEMICAL COMPANY LIMITED

Company Registration Number:
02253887 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

HAWKS CHEMICAL COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

HAWKS CHEMICAL COMPANY LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 14,746 19,661
Tangible assets: 4 19,058 24,656
Investments: 5 1 1
Total fixed assets: 33,805 44,318
Current assets
Stocks: 241,505 104,344
Debtors:   840,688 1,330,308
Cash at bank and in hand: 1,414,388 1,027,678
Total current assets: 2,496,581 2,462,330
Creditors: amounts falling due within one year:   (549,766) (629,707)
Net current assets (liabilities): 1,946,815 1,832,623
Total assets less current liabilities: 1,980,620 1,876,941
Provision for liabilities: (5,851) (5,851)
Total net assets (liabilities): 1,974,769 1,871,090
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 1,973,769 1,870,090
Shareholders funds: 1,974,769 1,871,090

The notes form part of these financial statements

HAWKS CHEMICAL COMPANY LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 December 2023
and signed on behalf of the board by:

Name: Mr R. N. Warren
Status: Director

The notes form part of these financial statements

HAWKS CHEMICAL COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 havetransferred 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.

Tangible fixed assets and depreciation policy

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 - 20% reducing balanceFittings fixtures and equipment - 10% straight lineComputer equipment - 20% straight lineIf 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.

Intangible fixed assets and amortisation policy

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:Leasehold Improvements - 10 YearsIf 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.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

HAWKS CHEMICAL COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 5 5

HAWKS CHEMICAL COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 49,151
At 31 March 2023 49,151
Amortisation
At 01 April 2022 29,490
Charge for year 4,915
At 31 March 2023 34,405
Net book value
At 31 March 2023 14,746
At 31 March 2022 19,661

HAWKS CHEMICAL COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 295,087
Additions 375
At 31 March 2023 295,462
Depreciation
At 01 April 2022 270,431
Charge for year 5,973
At 31 March 2023 276,404
Net book value
At 31 March 2023 19,058
At 31 March 2022 24,656

HAWKS CHEMICAL COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

HAWKS CHEMICAL COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Loans to directors

Name of director receiving advance or credit: Mr R. N. Warren
Description of the loan: During the year, the company made a loan to a director. This loan is repayable on demand.
£
Balance at 01 April 2022 408,650
Advances or credits repaid: 20,712
Balance at 31 March 2023 387,938