6
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2022-04-01
Sage Accounts Production Advanced 2021 - FRS102_2021
2,497
2,497
2,497
xbrli:pure
xbrli:shares
iso4217:GBP
10370567
2022-04-01
2023-03-31
10370567
2023-03-31
10370567
2022-03-31
10370567
2021-04-01
2022-03-31
10370567
2022-03-31
10370567
core:PlantMachinery
2022-04-01
2023-03-31
10370567
core:FurnitureFittings
2022-04-01
2023-03-31
10370567
core:MotorVehicles
2022-04-01
2023-03-31
10370567
bus:RegisteredOffice
2022-04-01
2023-03-31
10370567
bus:LeadAgentIfApplicable
2022-04-01
2023-03-31
10370567
bus:Director1
2022-04-01
2023-03-31
10370567
bus:Director2
2022-04-01
2023-03-31
10370567
bus:Director3
2022-04-01
2023-03-31
10370567
bus:Director4
2022-04-01
2023-03-31
10370567
core:LandBuildings
core:ShortLeaseholdAssets
2022-03-31
10370567
core:PlantMachinery
2022-03-31
10370567
core:FurnitureFittingsToolsEquipment
2022-03-31
10370567
core:MotorVehicles
2022-03-31
10370567
core:LandBuildings
core:ShortLeaseholdAssets
2023-03-31
10370567
core:PlantMachinery
2023-03-31
10370567
core:FurnitureFittingsToolsEquipment
2023-03-31
10370567
core:MotorVehicles
2023-03-31
10370567
core:FurnitureFittingsToolsEquipment
2022-04-01
2023-03-31
10370567
core:AfterOneYear
2023-03-31
10370567
core:AfterOneYear
2022-03-31
10370567
core:WithinOneYear
2023-03-31
10370567
core:WithinOneYear
2022-03-31
10370567
core:ShareCapital
2023-03-31
10370567
core:ShareCapital
2022-03-31
10370567
core:SharePremium
2023-03-31
10370567
core:SharePremium
2022-03-31
10370567
core:RetainedEarningsAccumulatedLosses
2023-03-31
10370567
core:RetainedEarningsAccumulatedLosses
2022-03-31
10370567
core:PatentsTrademarksLicencesConcessionsSimilar
2023-03-31
10370567
core:PatentsTrademarksLicencesConcessionsSimilar
2022-03-31
10370567
core:Pensions
2023-03-31
10370567
core:Pensions
2022-03-31
10370567
core:LandBuildings
core:ShortLeaseholdAssets
2022-03-31
10370567
core:PlantMachinery
2022-03-31
10370567
core:FurnitureFittingsToolsEquipment
2022-03-31
10370567
core:MotorVehicles
2022-03-31
10370567
bus:SmallEntities
2022-04-01
2023-03-31
10370567
bus:AuditExemptWithAccountantsReport
2022-04-01
2023-03-31
10370567
bus:FullAccounts
2022-04-01
2023-03-31
10370567
bus:SmallCompaniesRegimeForAccounts
2022-04-01
2023-03-31
10370567
bus:PrivateLimitedCompanyLtd
2022-04-01
2023-03-31
10370567
core:OfficeEquipment
2022-04-01
2023-03-31
10370567
core:LeaseholdImprovements
2022-03-31
10370567
core:LeaseholdImprovements
2023-03-31
COMPANY REGISTRATION NUMBER:
10370567
Filleted Unaudited Financial Statements |
|
Year ended 31 March 2023
Officers and professional advisers |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
4 |
|
|
Officers and Professional Advisers |
|
The board of directors |
Mr A J Hopkinson |
|
Mr L Hopkinson |
|
Mrs M Hopkinson |
|
Mr B J Hopkinson |
|
|
Registered office |
16 Druid Street |
|
London |
|
England |
|
SE1 2EY |
|
|
Accountant |
R Manchee FMAAT |
|
Accountant |
|
Jems Bookkeeping & Accountancy Services Ltd |
|
East Lodge |
|
Bedlars Green |
|
Great Hallingbury |
|
Bishop's Stortford |
|
CM22 7TL |
|
|
Bankers |
HSBC Bank Plc |
|
103 Streatham Hill |
|
Streatham |
|
London |
|
SW2 4UE |
|
|
Statement of Financial Position |
|
31 March 2023
Fixed assets
Intangible assets |
5 |
2,497 |
2,497 |
Tangible assets |
6 |
44,679 |
48,229 |
|
-------- |
-------- |
|
47,176 |
50,726 |
|
|
|
|
Current assets
Stocks |
26,111 |
45,142 |
Debtors |
7 |
4,357 |
13,345 |
Cash at bank and in hand |
9,607 |
12,451 |
|
-------- |
-------- |
|
40,075 |
70,938 |
|
|
|
|
Creditors: amounts falling due within one year |
8 |
109,989 |
151,948 |
|
--------- |
--------- |
Net current liabilities |
69,914 |
81,010 |
|
-------- |
-------- |
Total assets less current liabilities |
(
22,738) |
(
30,284) |
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
37,854 |
42,618 |
|
|
|
|
Provisions
Pensions and similar obligations |
128 |
(
9) |
|
-------- |
-------- |
Net liabilities |
(
60,720) |
(
72,893) |
|
-------- |
-------- |
|
|
|
Capital and reserves
Called up share capital |
260 |
260 |
Share premium account |
494,700 |
494,700 |
Profit and loss account |
(
555,680) |
(
567,853) |
|
--------- |
--------- |
Shareholders deficit |
(
60,720) |
(
72,893) |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
31 March 2023
These financial statements were approved by the
board of directors
and authorised for issue on
10 July 2023
, and are signed on behalf of the board by:
Mr B J Hopkinson |
Director |
|
Company registration number:
10370567
Notes to the Financial Statements |
|
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Druid Street, London, SE1 2EY, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the financial period end date, the company's liabilities exceeded its assets by £60,720. However the directors are offering continued support to the company and therefore, feel that is appropriate to continue to adopt the going concern basis for preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
25% reducing balance |
|
Fixtures and fittings |
- |
25% reducing balance |
|
Motor vehicles |
- |
25% reducing balance |
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government 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. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are 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. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial Instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
6
(2022:
6
).
5.
Intangible assets
|
Patents, trademarks and licences |
|
£ |
Cost |
|
At 1 April 2022 and 31 March 2023 |
2,497 |
|
------- |
Amortisation |
|
At 1 April 2022 and 31 March 2023 |
– |
|
------- |
Carrying amount |
|
At 31 March 2023 |
2,497 |
|
------- |
At 31 March 2022 |
2,497 |
|
------- |
|
|
6.
Tangible assets
|
Short leasehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Imprvmnts to property |
Total |
|
£ |
£ |
£ |
£ |
£ |
£ |
Cost |
|
|
|
|
|
|
At 1 Apr 2022 |
1,189 |
11,236 |
5,598 |
17,403 |
30,000 |
65,426 |
Additions |
– |
529 |
330 |
– |
– |
859 |
|
------- |
-------- |
------- |
-------- |
-------- |
-------- |
At 31 Mar 2023 |
1,189 |
11,765 |
5,928 |
17,403 |
30,000 |
66,285 |
|
------- |
-------- |
------- |
-------- |
-------- |
-------- |
Depreciation |
|
|
|
|
|
|
At 1 Apr 2022 |
– |
5,857 |
3,726 |
7,614 |
– |
17,197 |
Charge for the year |
– |
1,411 |
551 |
2,447 |
– |
4,409 |
|
------- |
-------- |
------- |
-------- |
-------- |
-------- |
At 31 Mar 2023 |
– |
7,268 |
4,277 |
10,061 |
– |
21,606 |
|
------- |
-------- |
------- |
-------- |
-------- |
-------- |
Carrying amount |
|
|
|
|
|
|
At 31 Mar 2023 |
1,189 |
4,497 |
1,651 |
7,342 |
30,000 |
44,679 |
|
------- |
-------- |
------- |
-------- |
-------- |
-------- |
At 31 Mar 2022 |
1,189 |
5,379 |
1,872 |
9,789 |
30,000 |
48,229 |
|
------- |
-------- |
------- |
-------- |
-------- |
-------- |
|
|
|
|
|
|
|
7.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
768 |
2,463 |
Other debtors |
3,589 |
10,882 |
|
------- |
-------- |
|
4,357 |
13,345 |
|
------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
54,426 |
99,093 |
Social security and other taxes |
12,024 |
5,183 |
Other creditors |
43,539 |
47,672 |
|
--------- |
--------- |
|
109,989 |
151,948 |
|
--------- |
--------- |
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
37,854 |
42,618 |
|
-------- |
-------- |
|
|
|
10.
Directors' advances, credits and guarantees
There were no transactions with the directors during the year that require disclosure in the financial statements.
11.
Related party transactions
The company was under the control of the directors throughout the current and previous financial year.