Company Registration No. 01372946 (England and Wales)
Hawkshaw Motor Cycles Limited
Unaudited accounts
for the year ended 30 June 2017
Hawkshaw Motor Cycles Limited
Unaudited accounts
Contents
Hawkshaw Motor Cycles Limited
Company Information
for the year ended 30 June 2017
Directors
Mr J G Hawkshaw
Mrs P Hawkshaw
Mr C Hawkshaw
Mr A R Hawkshaw
Company Number
01372946 (England and Wales)
Registered Office
6 Halltine Close
Blundellsands
Liverpool
L23 6XX
Accountants
Invictus Accountancy Services Limited
1 Stable Court Business Centre
Water Lane Farm Tarbock Green
Liverpool
Merseyside
L35 1RD
Hawkshaw Motor Cycles Limited
Statement of financial position
as at 30 June 2017
Tangible assets
82,688
86,466
Cash at bank and in hand
32,518
5,856
Creditors: amounts falling due within one year
(231,504)
(237,282)
Net current liabilities
(114,896)
(137,386)
Net liabilities
(32,208)
(50,920)
Called up share capital
100
100
Profit and loss account
(32,308)
(51,020)
Shareholders' funds
(32,208)
(50,920)
For the year ending 30 June 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 February 2018.
Mr J G Hawkshaw
Director
Company Registration No. 01372946
Hawkshaw Motor Cycles Limited
Notes to the Accounts
for the year ended 30 June 2017
Hawkshaw Motor Cycles Limited is a private company, limited by shares, registered in England and Wales, registration number 01372946. The registered office is 6 Halltine Close, Blundellsands, Liverpool, L23 6XX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 June 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% on reducing balance
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Hawkshaw Motor Cycles Limited
Notes to the Accounts
for the year ended 30 June 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2016
114,733
3,340
4,000
122,073
At 30 June 2017
114,733
3,340
4,000
122,073
At 1 July 2016
30,019
2,852
2,736
35,607
Charge for the year
3,389
73
316
3,778
At 30 June 2017
33,408
2,925
3,052
39,385
At 30 June 2017
81,325
415
948
82,688
At 30 June 2016
84,714
488
1,264
86,466
Finished goods
84,090
94,040
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
3,896
6,839
Loans from directors
226,774
228,055
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2016: 2).
