Humphreys London Ltd FILLETED ACCOUNTS COVER
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Company No. 11698559
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Humphreys London Ltd DIRECTORS REPORT REGISTRAR
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The Director presents his report and the accounts for the period ended 30 November 2019.
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Principal activities
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Director
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The Director who served at any time during the period was as follows:
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B.G. Humphreys
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Signed on behalf of the board
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B.G. Humphreys
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Director
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17 February 2020
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Humphreys London Ltd BALANCE SHEET REGISTRAR
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at
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Company No.
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Notes
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2019
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£
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Fixed assets
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Tangible assets
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2
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Current assets
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Stocks
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3
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Debtors
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4
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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5
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(
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Net current liabilities
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(
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Total assets less current liabilities
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(
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Net liabilities
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(
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Capital and reserves
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Called up share capital
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Profit and loss account
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6
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(
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Total equity
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(
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the board on 17 February 2020
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And signed on its behalf by:
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B.G. Humphreys
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Director
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17 February 2020
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Humphreys London Ltd NOTES TO THE ACCOUNTS REGISTRAR
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for the period ended 30 November 2019
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1
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Accounting policies
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Basis of preparation
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Turnover
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Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
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Taxation
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The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
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Tangible fixed assets and depreciation
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
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Furniture, fittings and equipment
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Stocks
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When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. |
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Trade and other debtors
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Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
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Trade and other creditors
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Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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2
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Tangible fixed assets
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Fixtures, fittings and equipment
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Total
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£
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£
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Cost or revaluation
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Additions
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At 30 November 2019
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Depreciation
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Charge for the year
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At 30 November 2019
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Net book values
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At 30 November 2019
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3
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Stocks
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2019
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£
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Raw materials and consumables
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4
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Debtors
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2019
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£
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Trade debtors
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5
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Creditors:
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amounts falling due within one year
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2019
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£
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Loans from directors
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Accruals and deferred income
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6
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Reserves
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7
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Related party disclosures
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Controlling party
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Immediate controlling party
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8
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Additional information
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Its registered number is:
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Its registered office is:
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