Hodson Homes (North West) Ltd - Accounts to registrar - small 17.2

Hodson Homes (North West) Ltd - Accounts to registrar - small 17.2


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REGISTERED NUMBER: 06156534 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

HODSON HOMES (NORTH WEST) LTD

HODSON HOMES (NORTH WEST) LTD (REGISTERED NUMBER: 06156534)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HODSON HOMES (NORTH WEST) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2017







DIRECTOR: Mr N D Hodson





SECRETARY: Mrs K Hodson





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
PR2 2YH





REGISTERED NUMBER: 06156534 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

HODSON HOMES (NORTH WEST) LTD (REGISTERED NUMBER: 06156534)

BALANCE SHEET
30 JUNE 2017

30/6/17 30/6/16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,065 529

CURRENT ASSETS
Stocks 355,376 216,497
Debtors 5 4,891 -
Cash at bank 11,694 8,422
371,961 224,919
CREDITORS
Amounts falling due within one year 6 368,212 201,867
NET CURRENT ASSETS 3,749 23,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,814

23,581

PROVISIONS FOR LIABILITIES 773 106
NET ASSETS 7,041 23,475

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,941 23,375
SHAREHOLDERS' FUNDS 7,041 23,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

HODSON HOMES (NORTH WEST) LTD (REGISTERED NUMBER: 06156534)

BALANCE SHEET - continued
30 JUNE 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 September 2017 and were signed by:





Mr N D Hodson - Director


HODSON HOMES (NORTH WEST) LTD (REGISTERED NUMBER: 06156534)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017

1. STATUTORY INFORMATION

Hodson Homes (North West) Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HODSON HOMES (NORTH WEST) LTD (REGISTERED NUMBER: 06156534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2016 780 507 1,287
Additions 1,979 1,866 3,845
At 30 June 2017 2,759 2,373 5,132
DEPRECIATION
At 1 July 2016 378 380 758
Charge for year 193 116 309
At 30 June 2017 571 496 1,067
NET BOOK VALUE
At 30 June 2017 2,188 1,877 4,065
At 30 June 2016 402 127 529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/17 30/6/16
£    £   
Tax 89 -
VAT 4,802 -
4,891 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/17 30/6/16
£    £   
Trade creditors 2,882 -
Tax 1,380 9,006
Other creditors 324,147 161,738
Directors' current accounts 38,823 30,223
Accrued expenses 980 900
368,212 201,867

7. RELATED PARTY DISCLOSURES

During the year the company received loans from Index Finance Limited, a company of which Mr N D Hodson is a
director. At the year end the outstanding balance owing to Index Finance Limited was £321,461 (2016: £160,738).

HODSON HOMES (NORTH WEST) LTD (REGISTERED NUMBER: 06156534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N D Hodson.

9. TRANSITION TO FRS 102

There were no adjustments required for the transition from UK GAAP to FRS 102.