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REGISTERED NUMBER:
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Hensam Developments Limited |
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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 31st March 2019 |
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REGISTERED NUMBER:
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Hensam Developments Limited |
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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 31st March 2019 |
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Hensam Developments Limited (Registered number: 04168684) |
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Contents of the Financial Statements |
for the year ended 31st March 2019 |
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Page |
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Company Information | 1 |
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Report of the Director | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Statement of Changes in Equity | 6 |
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Notes to the Financial Statements | 7 |
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Hensam Developments Limited |
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Company Information |
for the year ended 31st March 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Regent's Court |
Princess Street |
Hull |
East Yorkshire |
HU2 8BA |
Hensam Developments Limited (Registered number: 04168684) |
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Report of the Director |
for the year ended 31st March 2019 |
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The director presents his report with the financial statements of the company for the year ended 31st March 2019. |
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DIRECTOR |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 |
relating to small companies. |
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ON BEHALF OF THE BOARD: |
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Hensam Developments Limited (Registered number: 04168684) |
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Profit and Loss Account |
for the year ended 31st March 2019 |
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2019 | 2018 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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24,209 | (10,512 | ) |
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Other operating income |
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OPERATING PROFIT |
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Interest payable and similar expenses |
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PROFIT/(LOSS) BEFORE TAXATION |
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Tax on profit/(loss) |
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PROFIT FOR THE FINANCIAL YEAR |
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Hensam Developments Limited (Registered number: 04168684) |
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Balance Sheet |
31st March 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Hensam Developments Limited (Registered number: 04168684) |
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Balance Sheet - continued |
31st March 2019 |
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The financial statements were approved by the director on
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Hensam Developments Limited (Registered number: 04168684) |
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Statement of Changes in Equity |
for the year ended 31st March 2019 |
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Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
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Balance at 1st April 2017 |
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Changes in equity |
Dividends | - | ( |
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Total comprehensive income | - |
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Balance at 31st March 2018 |
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Changes in equity |
Dividends | - | ( |
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Total comprehensive income | - |
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Balance at 31st March 2019 |
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Hensam Developments Limited (Registered number: 04168684) |
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Notes to the Financial Statements |
for the year ended 31st March 2019 |
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1. | STATUTORY INFORMATION |
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Hensam Developments Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Turnover is the amount, excluding value added tax, receivable in the ordinary course of business for |
goods supplied as a principal and for services provided.The policy adopted for the recognition of |
turnover is as follows: |
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When the outcome of a construction contract can be estimated reliably, contract costs and turnover |
are recognised by reference to the stage of completion at the balance sheet date. Stage of completion |
is measured by reference to the value of work executed during the year. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Stocks, including biological assets, are stated at the lower of cost and net realisable value. Cost is |
determined using the first-in, first-out (FIFO) method and represents costs incurred to date to bring |
growing crops and finished produce to its current state. Net realisable value is estimated selling price |
in the ordinary course of business, less applicable variable selling expenses. |
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Hensam Developments Limited (Registered number: 04168684) |
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Notes to the Financial Statements - continued |
for the year ended 31st March 2019 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) |
for the current or past reporting periods. It is measured at the amount expected to be paid or |
recovered using the tax rates and laws that have been enacted or substantively enacted by the |
balance sheet date. |
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Deferred tax represents the future tax consequences of transactions and events recognised in the |
financial statements of current and previous periods. It is recognised in respect of all timing |
differences, with certain exceptions. Timing differences are differences between taxable profits and |
total comprehensive income as stated in the financial statements that arise from the inclusion of |
income and expense in tax assessments in periods different from those in which they are recognised |
in the financial statements. 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. |
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Deferred tax is measured using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date that are expected to apply to the reversal of timing differences. |
Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured |
using the rates and allowances that apply to the sale of the asset. |
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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. |
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Debtors and creditors receivable/ payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are |
recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss |
account in other administrative expenses. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st April 2018 |
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Additions |
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Disposals |
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At 31st March 2019 |
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DEPRECIATION |
At 1st April 2018 |
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Charge for year |
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Eliminated on disposal |
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At 31st March 2019 |
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NET BOOK VALUE |
At 31st March 2019 |
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At 31st March 2018 |
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Hensam Developments Limited (Registered number: 04168684) |
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Notes to the Financial Statements - continued |
for the year ended 31st March 2019 |
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5. | DEBTORS |
2019 | 2018 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Amounts recoverable on contract |
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Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Bank overdraft |
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Hire purchase contracts | 8,334 | 18,717 |
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The hire purchase liabilities are secured on certain assets of the company. |