HEATH CRAWFORD & FOSTER LIMITED 31/03/2019 iXBRL
HEATH CRAWFORD & FOSTER LIMITED 31/03/2019 iXBRL
Company registration number:
02597595
Unaudited filleted financial statements
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
31 March 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
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Tangible assets | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 7 |
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Cash at bank |
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_________ | _________ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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_________ | _________ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Provisions for liabilities | 10 |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors' responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 August 2019
, and are signed on behalf of the board by:
Director
Company registration number:
02597595
Notes to the financial statements
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 501 Centennial Park, Centennial Park, Elstree, Hertfordshire, WD6 3FG.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Taxation
Operating leases
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
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 | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Hire purchase and finance leases
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
19
(2018:
21
).
5.
Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2018 and 31 March 2019 |
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_______ | _______ | ||
Amortisation | |||
At 1 April 2018 |
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Charge for the year |
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_______ | _______ | ||
At 31 March 2019 |
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_______ | _______ | ||
Carrying amount | |||
At 31 March 2019 |
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_______ | _______ | ||
At 31 March 2018 |
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_______ | _______ | ||
6.
Tangible assets
Plant and machinery | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2018 |
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Additions | 92,419 | 92,419 | |
Disposals |
(
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_______ | _______ | ||
At 31 March 2019 |
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_______ | _______ | ||
Depreciation | |||
At 1 April 2018 |
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Charge for the year |
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Disposals |
(
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(
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_______ | _______ | ||
At 31 March 2019 |
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_______ | _______ | ||
Carrying amount | |||
At 31 March 2019 |
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_______ | _______ | ||
At 31 March 2018 |
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_______ | _______ | ||
7.
Debtors
2019 | 2018 | |||
£ | £ | |||
Trade debtors |
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Amounts owed by group undertaking |
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Other debtors |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Creditors: amounts falling due within one year
2019 | 2018 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_________ | _________ | |||
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_________ | _________ | |||
9.
Creditors: amounts falling due after more than one year
2019 | 2018 | |||
£ | £ | |||
Other creditors |
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_______ | _______ | |||
10.
Provisions
Deferred tax (note 11) | Total | ||
£ | £ | ||
At 1 April 2018 |
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Additions |
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_______ | _______ | ||
At 31 March 2019 |
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_______ | _______ | ||
11.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2019 | 2018 | |||
£ | £ | |||
Included in provisions (note 10) |
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_______ | _______ | |||
The deferred tax account consists of the tax effect of timing differences in respect of:
2019 | 2018 | |||
£ | £ | |||
Accelerated capital allowances |
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_______ | _______ | |||
12.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ | £ | |
Not later than 1 year |
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Later than 1 year and not later than 5 years |
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_______ | _______ | |
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_______ | _______ | |
13.
Directors advances, credits and guarantees
Balance brought forward and o/standing | Balance brought forward and o/standing | ||
2019 | 2018 | ||
£ | £ | ||
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_______ | _______ | ||
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_______ | _______ | ||
The above directors had loans during the year on which interest was charged at 2.50% per annum.
14.
Related party transactions
During the year the company entered into the following transactions with related parties:
Balance owed by/(owed to) | |||
2019 | 2018 | ||
£ | £ | ||
Paul Weinberg | 55,000 | 55,000 | |
Allan Cozens | 1,500 | 1,500 | |
Paul Weinberg | (1,109) | (565) | |
Allan Cozens | (597) | (491) | |
_______ | _______ | ||
15.
Controlling party