Period from 1 February 2020 to
Registration number:
Hudson Armstrong Design Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Hudson Armstrong Design Limited
Company Information
Directors |
Mr R H Hudson Mrs J S Hudson |
Company secretary |
Mrs J S Hudson |
Registered office |
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Accountants |
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Hudson Armstrong Design Limited
Balance Sheet
31 July 2021
Note |
2021 |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Hudson Armstrong Design Limited
Balance Sheet
31 July 2021
For the financial period ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 03012460
Hudson Armstrong Design Limited
Notes to the Financial Statements
Period from 1 February 2020 to 31 July 2021
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Hudson Armstrong Design Limited
Notes to the Financial Statements
Period from 1 February 2020 to 31 July 2021
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
15% reducing balance |
Fixtures, fittings and equipment |
15% reducing balance |
Office equipment |
25% reducing balance |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Hudson Armstrong Design Limited
Notes to the Financial Statements
Period from 1 February 2020 to 31 July 2021
Tangible assets |
Furniture, fittings and equipment |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 February 2020 |
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At 31 July 2021 |
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Depreciation |
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At 1 February 2020 |
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Charge for the year |
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At 31 July 2021 |
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Carrying amount |
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At 31 July 2021 |
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At 31 January 2020 |
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Debtors |
2021 |
2020 |
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Trade debtors |
- |
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Other debtors |
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Prepayments |
- |
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Creditors |
2021 |
2020 |
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Due within one year |
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Loans and borrowings |
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- |
Trade creditors |
- |
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Social security and other taxes |
- |
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Other creditors |
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Accrued expenses |
- |
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