H E Woolley Limited 30/09/2019 iXBRL
H E Woolley Limited 30/09/2019 iXBRL
Company registration number:
04043385
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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314 Linthorpe Road | ||
Middlesbrough | ||
TS1 3QX | ||
Statement of financial position
30 September 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 | |||||||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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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 |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Director's 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 director acknowledges 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 income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 June 2020
, and are signed on behalf of the board by:
Director
Company registration number:
04043385
Notes to the financial statements
Year ended 30 September 2019
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1A Startforth Road, Riverside Park Industrial Estate, Middlesbrough, TS2 1PT.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
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.
Taxation
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:
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:
Freehold buildings | - |
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Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Gas cylinders | - | 4% straight line | |
Impairment
Stocks
Government grants
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
5.
Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 October 2018 and 30 September 2019 |
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Amortisation | |||
At 1 October 2018 |
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Charge for the year |
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At 30 September 2019 |
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Carrying amount | |||
At 30 September 2019 |
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At 30 September 2018 |
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6.
Tangible assets
Freehold land and building | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Gas cylinders | Total | ||
£ | £ | £ | £ | £ | £ | ||
Cost | |||||||
At 1 October 2018 |
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350,087 |
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Additions |
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48,930 |
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Disposals | - | - | - |
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At 30 September 2019 |
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399,017 |
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Depreciation | |||||||
At 1 October 2018 |
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65,268 |
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Charge for the year |
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13,789 |
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Disposals | - | - | - |
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At 30 September 2019 |
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79,057 |
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Carrying amount | |||||||
At 30 September 2019 |
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319,960 |
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At 30 September 2018 |
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284,819 |
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_______ | _______ | _______ | _______ | _______ | _______ | ||
Tangible assets held at valuation
Freehold land and buildings were revalued in 2016
7.
Debtors
2019 | 2018 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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_______ | _______ | |||
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8.
Creditors: amounts falling due within one year
2019 | 2018 | |||
£ | £ | |||
Bank loans and overdrafts |
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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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The bank loan is secured by a fixed and floating charge over the assets and undertaking of the business.
9.
Creditors: amounts falling due after more than one year
2019 | 2018 | |||
£ | £ | |||
Bank loans and overdrafts |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
The bank loan is secured by a fixed and floating charge over the assets and undertaking of the business.
10.
Controlling party