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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2020 |
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ROB HALL SHOOTING SUPPLIES LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2020 |
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FOR |
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ROB HALL SHOOTING SUPPLIES LIMITED |
ROB HALL SHOOTING SUPPLIES LIMITED (REGISTERED NUMBER: 07066480) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 November 2020 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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ROB HALL SHOOTING SUPPLIES LIMITED |
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COMPANY INFORMATION |
for the Year Ended 30 November 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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13 Yorkersgate |
Malton |
North Yorkshire |
YO17 7AA |
ROB HALL SHOOTING SUPPLIES LIMITED (REGISTERED NUMBER: 07066480) |
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STATEMENT OF FINANCIAL POSITION |
30 November 2020 |
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30/11/20 | 30/11/19 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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Investments | 7 |
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CURRENT ASSETS |
Stocks |
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Debtors | 8 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 9 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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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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SHAREHOLDERS' FUNDS |
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ROB HALL SHOOTING SUPPLIES LIMITED (REGISTERED NUMBER: 07066480) |
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STATEMENT OF FINANCIAL POSITION - continued |
30 November 2020 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ROB HALL SHOOTING SUPPLIES LIMITED (REGISTERED NUMBER: 07066480) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 November 2020 |
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1. | STATUTORY INFORMATION |
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Rob Hall Shooting Supplies Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | 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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Goodwill |
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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. |
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Tangible fixed assets |
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Freehold property | - |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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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. |
ROB HALL SHOOTING SUPPLIES LIMITED (REGISTERED NUMBER: 07066480) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2020 |
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3. | ACCOUNTING POLICIES - continued |
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Financial instruments |
A financial asset held as an equity instrument is recognised initially at the transaction price (including transaction costs). |
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At the end of each reporting period, unlisted equity investments are recorded at fair value, where appropriate, or at cost less impairment if their value cannot be reliably measured. Objective evidence of the impairment of financial assets is assessed at each period end and any impairment loss recognised in the profit and loss immediately. Impairment loss is calculated as the difference between the carrying amount of the instrument and the best estimate of the cash flows expected to be derived from the asset (including sales proceeds if sold) at the balance sheet date. |
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Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the financial instrument. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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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. |
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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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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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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. |
ROB HALL SHOOTING SUPPLIES LIMITED (REGISTERED NUMBER: 07066480) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2020 |
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3. | ACCOUNTING POLICIES - continued |
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Revenue recognition |
Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for the supply of goods and services that it provides. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers but excludes value added tax. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 December 2019 |
and 30 November 2020 |
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AMORTISATION |
At 1 December 2019 |
and 30 November 2020 |
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NET BOOK VALUE |
At 30 November 2020 |
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At 30 November 2019 |
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ROB HALL SHOOTING SUPPLIES LIMITED (REGISTERED NUMBER: 07066480) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2020 |
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6. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 December 2019 |
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Additions |
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At 30 November 2020 |
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DEPRECIATION |
At 1 December 2019 |
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Charge for year |
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At 30 November 2020 |
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NET BOOK VALUE |
At 30 November 2020 |
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At 30 November 2019 |
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7. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 1 December 2019 |
and 30 November 2020 |
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NET BOOK VALUE |
At 30 November 2020 |
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At 30 November 2019 |
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8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/20 | 30/11/19 |
£ | £ |
Trade debtors |
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Other debtors |
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ROB HALL SHOOTING SUPPLIES LIMITED (REGISTERED NUMBER: 07066480) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2020 |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/20 | 30/11/19 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 30 November 2020 and 30 November 2019: |
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30/11/20 | 30/11/19 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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Balance outstanding at start of year | ( |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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11. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £2,000 (2019 - £2,000) were paid to the directors . |