REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Period |
|
1st April 2020 to 31st August 2020 |
|
for |
|
Hamman Metals Recycling Ltd |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Period |
|
1st April 2020 to 31st August 2020 |
|
for |
|
Hamman Metals Recycling Ltd |
Hamman Metals Recycling Ltd (Registered number: 07995831) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Period 1st April 2020 to 31st August 2020 |
|
|
|
|
Page |
|
Abridged Balance Sheet | 1 |
|
Notes to the Financial Statements | 3 |
|
Hamman Metals Recycling Ltd (Registered number: 07995831) |
|
Abridged Balance Sheet |
31st August 2020 |
|
2020 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
|
( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year |
|
|
NET ASSETS |
|
|
|
RESERVES |
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges his 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. |
Hamman Metals Recycling Ltd (Registered number: 07995831) |
|
Abridged Balance Sheet - continued |
31st August 2020 |
|
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the director and authorised for issue on
|
|
|
|
|
|
|
|
Hamman Metals Recycling Ltd (Registered number: 07995831) |
|
Notes to the Financial Statements |
for the Period 1st April 2020 to 31st August 2020 |
|
1. | STATUTORY INFORMATION |
|
Hamman Metals Recycling Ltd is a
|
|
Registered number: | 07995831 |
|
Registered office: | Orchard Dene Works |
Ashes Lane |
Hadlow |
Tonbridge |
Kent |
TN11 9RA |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
The director have agreed for the company to be wound up |
|
2. | STATEMENT OF COMPLIANCE |
|
|
|
3. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
As explained in Note 1, the company has ceased trading since the balance sheet date. The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company’s assets to net realisable value. Provision has also been made for any contractual commitments that have become onerous at the balance sheet date. The financial statements do not include any provision for the future costs of terminating the business of the company except to the extent that such costs were committed at the balance sheet date. |
|
Revenue recognition |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Sales comprise the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows: |
|
Revenue from the sale of goods is recognised at the point at which the goods have been delivered to the customer. |
|
Tangible fixed assets |
|
Freehold property | - |
|
Plant and machinery | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
Hamman Metals Recycling Ltd (Registered number: 07995831) |
|
Notes to the Financial Statements - continued |
for the Period 1st April 2020 to 31st August 2020 |
|
3. | ACCOUNTING POLICIES - continued |
|
Government grants |
Grants are classified either as a grant relating to revenue or a grant relating to assets. Grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred it is recognised as deferred income and not deducted from the carrying amount of the asset. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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 balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
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 period end and that are expected to apply to the reversal of the timing difference. |
|
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. |
|
4. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the period was
|
Hamman Metals Recycling Ltd (Registered number: 07995831) |
|
Notes to the Financial Statements - continued |
for the Period 1st April 2020 to 31st August 2020 |
|
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st April 2020 |
|
Disposals | ( |
) |
At 31st August 2020 |
|
DEPRECIATION |
At 1st April 2020 |
|
Eliminated on disposal | ( |
) |
At 31st August 2020 |
|
NET BOOK VALUE |
At 31st August 2020 |
|
At 31st March 2020 |
|