Abbreviated Company Accounts - H G HOPKINS & SONS LIMITED

H G HOPKINS & SONS LIMITED - Company Information

04661036 H G HOPKINS & SONS LIMITED 2016-02-28 false 2015-03-01 2016-02-28 true 04661036 2015-03-01 2016-02-28 04661036 2016-02-28 04661036 2015-02-28 04661036 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 04661036 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 04661036

H G HOPKINS & SONS LIMITED

Abbreviated Accounts

28 February 2016

H G HOPKINS & SONS LIMITED Registered Number 04661036

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	25,250	28,250
Tangible assets	3	1,940	2,425
		27,190	30,675
Current assets
Stocks		40,708	42,468
Cash at bank and in hand		528	2,510
		41,236	44,978
Creditors: amounts falling due within one year		(45,630)	(51,846)
Net current assets (liabilities)		(4,394)	(6,868)
Total assets less current liabilities		22,796	23,807
Total net assets (liabilities)		22,796	23,807
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		22,794	23,805
Shareholders' funds		22,796	23,807

For the year ending 28 February 2016 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 November 2016

And signed on their behalf by:
Mr P M J Hopkins, Director

H G HOPKINS & SONS LIMITED Registered Number 04661036

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittings reducing balance 20%

Intangible assets amortisation policy
Goodwill arising in connection with the acquisition of the businesses is capitalised and amortised evenly over its estimated economic life of 20 years.

Other accounting policies
Cash Flow Statement
The company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting statement for Smaller Entities effective January 2015.

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Going Concern
The directors are aware of the company's insolvency and have undertaken not to withdraw the balances on their director's loan accounts without first ensuring that the company will be able to pay its debts as they fall due.

Taxation
Corporation tax payable is provided on taxable profits at the current rates.

2Intangible fixed assets

	£
Cost
At 1 March 2015	60,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	60,000
Amortisation
At 1 March 2015	31,750
Charge for the year	3,000
On disposals	-
At 28 February 2016	34,750
Net book values
At 28 February 2016	25,250
At 28 February 2015	28,250

3Tangible fixed assets

	£
Cost
At 1 March 2015	5,050
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	5,050
Depreciation
At 1 March 2015	2,625
Charge for the year	485
On disposals	-
At 28 February 2016	3,110
Net book values
At 28 February 2016	1,940
At 28 February 2015	2,425

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2