Company Registration No. 05213430 (England and Wales)
HJC DESIGN LTD
Unaudited accounts
for the year ended 30 September 2020
HJC DESIGN LTD
Unaudited accounts
Contents
HJC DESIGN LTD
Company Information
for the year ended 30 September 2020
Company Number
05213430 (England and Wales)
Registered Office
192 SHOREHAM STREET
SHEFFIELD
S1 4ST
HJC DESIGN LTD
Statement of financial position
as at
30 September 2020
Tangible assets
11,336
12,878
Cash at bank and in hand
173,044
151,782
Creditors: amounts falling due within one year
(27,048)
(35,314)
Net current assets
195,342
188,088
Total assets less current liabilities
206,678
200,966
Creditors: amounts falling due after more than one year
(50,000)
-
Provisions for liabilities
Deferred tax
(2,154)
(2,447)
Net assets
154,524
198,519
Called up share capital
200
200
Profit and loss account
154,324
198,319
Shareholders' funds
154,524
198,519
For the year ending 30 September 2020 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 28 June 2021 and were signed on its behalf by
MR M CONLEY
Director
Company Registration No. 05213430
HJC DESIGN LTD
Notes to the Accounts
for the year ended 30 September 2020
HJC DESIGN LTD is a private company, limited by shares, registered in England and Wales, registration number 05213430. The registered office is 192 SHOREHAM STREET, SHEFFIELD, S1 4ST.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Expenditure on research and development is written off in the year in which it is incurred.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
HJC DESIGN LTD
Notes to the Accounts
for the year ended 30 September 2020
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 30 September 2020
60,990
Charge for the year
3,963
At 30 September 2020
49,654
At 30 September 2020
11,336
At 30 September 2019
12,878
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
37,743
64,116
Accrued income and prepayments
9,011
4,279
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
10,476
6,130
Taxes and social security
9,611
28,534
Loans from directors
54
-
7
Creditors: amounts falling due after more than one year
2020
2019
8
Average number of employees
During the year the average number of employees was 6 (2019: 6).