HEXAGON FURNITURE LIMITED - Limited company accounts 18.2
HEXAGON FURNITURE LIMITED - Limited company accounts 18.2
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019 |
| FOR |
| HEXAGON FURNITURE LIMITED |
| HEXAGON FURNITURE LIMITED (Registered number: 04902571) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 AUGUST 2019 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Statement of Income and Retained Earnings | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 6 |
| HEXAGON FURNITURE LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 AUGUST 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Unit C |
| Broomsleigh Business Park |
| Worsley Bridge Road |
| London |
| SE26 5BN |
| BANKERS: |
| HEXAGON FURNITURE LIMITED (Registered number: 04902571) |
| REPORT OF THE DIRECTORS |
| for the Year Ended 31 AUGUST 2019 |
| The directors present their report with the financial statements of the company for the year ended 31 August 2019. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of joinery, carpentry and similar services. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 September 2018 to the date of this |
| report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| HEXAGON FURNITURE LIMITED (Registered number: 04902571) |
| STATEMENT OF INCOME AND RETAINED EARNINGS |
| for the Year Ended 31 AUGUST 2019 |
| 31.8.19 | 31.8.18 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| PROFIT BEFORE TAXATION |
| Tax on profit | 5 |
| PROFIT FOR THE FINANCIAL YEAR |
| Retained earnings at beginning of year |
| Dividends | 6 | ( |
) | ( |
) |
| RETAINED EARNINGS AT END OF YEAR |
| HEXAGON FURNITURE LIMITED (Registered number: 04902571) |
| STATEMENT OF FINANCIAL POSITION |
| 31 AUGUST 2019 |
| 31.8.19 | 31.8.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| HEXAGON FURNITURE LIMITED (Registered number: 04902571) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 AUGUST 2019 |
| The financial statements were approved by the Board of Directors on |
| HEXAGON FURNITURE LIMITED (Registered number: 04902571) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 AUGUST 2019 |
| 1. | STATUTORY INFORMATION |
| HEXAGON FURNITURE LIMITED is a |
| The company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Motor vehicles - 20% reducing balance |
| Fixtures & equipment - 20% reducing balance |
| 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 year 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 statement of financial position date. |
| 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. |
| 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 year 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| HEXAGON FURNITURE LIMITED (Registered number: 04902571) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2019 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Directors' remuneration |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Depreciation - owned assets |
| 5. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Tax on profit |
| 6. | DIVIDENDS |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Ordinary shares of £1 each |
| Interim |
| 7. | TANGIBLE FIXED ASSETS |
| Fixtures | Motor |
| & equipment | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2018 |
| and 31 August 2019 |
| DEPRECIATION |
| At 1 September 2018 |
| Charge for year |
| At 31 August 2019 |
| NET BOOK VALUE |
| At 31 August 2019 |
| At 31 August 2018 |
| HEXAGON FURNITURE LIMITED (Registered number: 04902571) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2019 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.19 | 31.8.18 |
| £ | £ |
| Other creditors |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.19 | 31.8.18 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| B non-voting ordinary | £1 | 100 | 100 |
| 200 | 200 |
| 12. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 September 2018 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 August 2019 |