R J Hartwell Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05914734 (England and Wales)

R J Hartwell Limited

Unaudited Financial Statements

for the Year Ended 31 August 2019

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

Mr R J Hartwell

REGISTERED OFFICE:

4 White Houses

Billesley

Alcester

Warwickshire

B49 6NE

REGISTERED NUMBER:

05914734 (England and Wales)

ACCOUNTANTS:

Grenfell James Associates Limited

13 The Courtyard

Timothys Bridge Road

Stratford Upon Avon

Warwickshire

CV37 9NP

FIXED ASSETS

Intangible assets

5

15,000

15,000

Tangible assets

6

396,373

376,697

411,373

391,697

CURRENT ASSETS

Stocks

483,044

224,248

Debtors

7

442,180

563,651

Cash at bank and in hand

78,446

63,850

1,003,670

851,749

CREDITORS

Amounts falling due within one year

8

611,508

570,457

NET CURRENT ASSETS

392,162

281,292

TOTAL ASSETS LESS CURRENT LIABILITIES

803,535

672,989

CREDITORS

Amounts falling due after more than one year

9

(32,896

)

(31,147

)

PROVISIONS FOR LIABILITIES

(71,544

)

(71,572

)

NET ASSETS

699,095

570,270

CAPITAL AND RESERVES

Called up share capital

6

6

Capital redemption reserve

4

4

Retained earnings

699,085

570,260

SHAREHOLDERS' FUNDS

699,095

570,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2020 and were signed by:

Mr R J Hartwell - Director

1.	STATUTORY INFORMATION

R J Hartwell Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the

company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of

the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and

is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each

reporting period date.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2018 - 13 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2018

and 31 August 2019

15,000

NET BOOK VALUE

At 31 August 2019

15,000

At 31 August 2018

15,000

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2018

649,930

2,095

268,491

11,484

932,000

Additions

95,961

-

62,041

-

158,002

Disposals

(38,195

)

-

(38,039

)

-

(76,234

)

At 31 August 2019

707,696

2,095

292,493

11,484

1,013,768

DEPRECIATION

At 1 September 2018

387,315

1,778

154,726

11,484

555,303

Charge for year

61,792

80

28,608

-

90,480

Eliminated on disposal

(8,568

)

-

(19,820

)

-

(28,388

)

At 31 August 2019

440,539

1,858

163,514

11,484

617,395

NET BOOK VALUE

At 31 August 2019

267,157

237

128,979

-

396,373

At 31 August 2018

262,615

317

113,765

-

376,697

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2018

380,676

170,975

551,651

Additions

59,665

43,155

102,820

At 31 August 2019

440,341

214,130

654,471

DEPRECIATION

At 1 September 2018

209,468

96,122

305,590

Charge for year

42,177

18,713

60,890

At 31 August 2019

251,645

114,835

366,480

NET BOOK VALUE

At 31 August 2019

188,696

99,295

287,991

At 31 August 2018

171,208

74,853

246,061

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

303,458

437,309

Amounts owed by associates

131,877

121,341

Other debtors

6,845

5,001

442,180

563,651

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

40,000

47,407

Trade creditors

338,677

334,265

Taxation and social security

87,141

109,630

Other creditors

145,690

79,155

611,508

570,457

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

32,896

31,147

10.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Hire purchase contracts

72,896

78,554

11.	RELATED PARTY DISCLOSURES

The company provided loans to Bespoke Butchers Limited, a company which Mr R Hartwell is a

director and sole shareholder of. The loan is interest free and repayable on demand The amount

outstanding as at the year end was £ 131,877.