Hopkinsons of Lymm Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04699384

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

HOPKINSONS OF LYMM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S B Kilby

Dr M E Mayhew

REGISTERED OFFICE:

7 The Cross

Lymm

Cheshire

WA13 0HR

REGISTERED NUMBER:

04699384

ACCOUNTANTS:

Hanleys

Chartered Accountants

Spring Court

Spring Road

Hale

Altrincham

Cheshire

WA14 2UQ

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

5,923

6,618

5,924

6,619

CURRENT ASSETS

Stocks

3,462

5,178

Debtors

6

5,687

950

Cash at bank and in hand

7

32,497

31,190

41,646

37,318

CREDITORS

Amounts falling due within one year

8

22,241

18,771

NET CURRENT ASSETS

19,405

18,547

TOTAL ASSETS LESS CURRENT LIABILITIES

25,329

25,166

PROVISIONS FOR LIABILITIES

488

289

NET ASSETS

24,841

24,877

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

24,839

24,875

SHAREHOLDERS' FUNDS

10

24,841

24,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors on 26 June 2018 and were signed on its behalf by:

Mr S B Kilby - Director

1.	STATUTORY INFORMATION

Hopkinsons of Lymm Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

1

NET BOOK VALUE

At 31 March 2018

1

At 31 March 2017

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2017

6,991

13,793

4,534

25,318

Additions

1,279

-

-

1,279

At 31 March 2018

8,270

13,793

4,534

26,597

DEPRECIATION

At 1 April 2017

4,418

9,830

4,452

18,700

Charge for year

963

990

21

1,974

At 31 March 2018

5,381

10,820

4,473

20,674

NET BOOK VALUE

At 31 March 2018

2,889

2,973

61

5,923

At 31 March 2017

2,573

3,963

82

6,618

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

4,156

-

Other debtors

1,531

950

5,687

950

7.	CASH AT BANK AND IN HAND

31.3.18

31.3.17

£

£

Business current account

5,266

2,684

Reserve bank account

24,666

28,001

High Interest bank account

2,085

-

Cash in hand

480

505

32,497

31,190

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

1,427

1,331

Taxation and social security

4,523

6,570

Other creditors

16,291

10,870

22,241

18,771

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

2

Ordinary

1

2

2

10.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

31.3.18

31.3.17

£

£

Profit for the financial year

13,964

25,708

Dividends

(14,000

)

(8,800

)

(36

)

16,908

Called up share Capital

-

2

Retained Earnings

-

7,967

Net (reduction)/addition to shareholders' funds

(36

)

24,877

Opening shareholders' funds

24,877

-

Closing shareholders' funds

24,841

24,877