Hawthorne Forest Products Limited
|
Registered Number
:
NI
070707
|
For the year ended 31 March 2019
Northern Ireland
Unaudited Financial Statements
For the year ended 31 March 2019
Hawthorne Forest Products Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Hawthorne Forest Products Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
139,113
156,923
2
139,113
156,923
676,601
798,834
3
Trade and other receivables
|
537,347
653,455
4
60
Cash and cash equivalents
|
87
1,452,376
1,214,008
Trade and other payables
:
amounts falling due within one
|
year
|
(624,628)
(670,193)
5
589,380
782,183
Net current assets
Total assets less current liabilities
|
921,296
746,303
Trade and other payables
:
amounts falling due after more
|
than one year
|
(6,601)
(3,300)
6
(16,948)
(21,913)
Provisions for liabilities
|
901,048
Net assets
717,789
10,149
10,122
890,899
707,667
901,048
717,789
Shareholders' funds
For the year ended 31 March 2019 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 of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
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For the year ended 31 March 2019
Hawthorne Forest Products Limited
Statement of Financial Position Continued
Mr David Hawthorne Director
|
These financial statements were approved and authorised for issue by the Board on 04 July 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2019
Hawthorne Forest Products Limited
Notes to the Financial Statements
Statutory Information
Hawthorne Forest Products Limited is a private limited company
,
limited by shares
,
domiciled in Northern Ireland
,
|
registration number NI
070707
.
|
31 Markethill Road
Newtownhamilton
County Down
BT35 0BE
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and
|
the Companies Act
2006
.
The financial statements have been prepared under the historical costs convention
|
as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
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.
|
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
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For the year ended 31 March 2019
Hawthorne Forest Products Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor Vehicles
489,918
5,052
15,900
468,966
36,668
34,360
-
2,308
-
-
(85,000)
(85,000)
386,274
15,900
39,412
441,586
Provision for depreciation and impairment
|
332,995
3,394
12,460
317,141
Charge for year
26,625
679
688
25,258
(57,147)
-
-
(57,147)
302,473
4,073
13,148
285,252
101,022
2,752
35,339
139,113
151,825
3,440
1,658
156,923
2018
2019
798,834
676,601
4
.
Trade and other receivables
|
2018
2019
476,354
364,960
Prepayments and accrued income
|
12,101
-
165,000
172,387
537,347
653,455
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For the year ended 31 March 2019
Hawthorne Forest Products Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
175,756
252,805
413,248
317,652
Taxation and social security
|
40,294
20,548
Accruals and deferred income
|
21,920
17,205
Directors
'
loan accounts
|
15,674
13,117
Obligations under HP
/
Financial leases
|
3,301
3,301
670,193
624,628
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2019
6,601
3,300
Obligations under HP
/
Financial leases
|
7
.
Average number of persons employed
|
During the year the average number of employees was 30 (2018 : 27)
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