Company Registration No. 05213430 (England and Wales)
HJC DESIGN LTD
Unaudited accounts
for the year ended 30 September 2021
HJC DESIGN LTD
Unaudited accounts
Contents
HJC DESIGN LTD
Company Information
for the year ended 30 September 2021
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 2021
Tangible assets
7,639
11,336
Cash at bank and in hand
246,238
173,044
Creditors: amounts falling due within one year
(48,653)
(26,755)
Net current assets
280,620
195,635
Total assets less current liabilities
288,259
206,971
Creditors: amounts falling due after more than one year
(95,000)
(50,000)
Provisions for liabilities
Deferred tax
(1,451)
(2,447)
Net assets
191,808
154,524
Called up share capital
200
200
Profit and loss account
191,608
154,324
Shareholders' funds
191,808
154,524
For the year ending 30 September 2021 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 21 December 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 2021
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 2021
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 30 September 2021
60,990
Charge for the year
3,697
At 30 September 2021
53,351
At 30 September 2021
7,639
At 30 September 2020
11,336
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
54,936
37,743
Accrued income and prepayments
15,979
9,011
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
18,356
10,476
Taxes and social security
29,430
9,611
Loans from directors
-
54
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 5 (2020: 6).