false false false false false false false false false true false false false false false false false No description of principal activity 2018-10-01 Sage Accounts Production Advanced 2019 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP 09974873 2018-10-01 2019-09-30 09974873 2019-09-30 09974873 2018-09-30 09974873 2017-10-01 2018-09-30 09974873 2018-09-30 09974873 core:PlantMachinery 2018-10-01 2019-09-30 09974873 core:MotorVehicles 2018-10-01 2019-09-30 09974873 bus:Director1 2018-10-01 2019-09-30 09974873 bus:Director2 2018-10-01 2019-09-30 09974873 core:PlantMachinery 2018-09-30 09974873 core:MotorVehicles 2018-09-30 09974873 core:PlantMachinery 2019-09-30 09974873 core:MotorVehicles 2019-09-30 09974873 core:WithinOneYear 2019-09-30 09974873 core:WithinOneYear 2018-09-30 09974873 core:ShareCapital 2019-09-30 09974873 core:ShareCapital 2018-09-30 09974873 core:RetainedEarningsAccumulatedLosses 2019-09-30 09974873 core:RetainedEarningsAccumulatedLosses 2018-09-30 09974873 core:PlantMachinery 2018-09-30 09974873 core:MotorVehicles 2018-09-30 09974873 bus:Director1 2018-09-30 09974873 bus:Director1 2019-09-30 09974873 bus:Director1 2017-09-30 09974873 bus:Director1 2018-09-30 09974873 bus:Director1 2017-10-01 2018-09-30 09974873 bus:SmallEntities 2018-10-01 2019-09-30 09974873 bus:AuditExemptWithAccountantsReport 2018-10-01 2019-09-30 09974873 bus:FullAccounts 2018-10-01 2019-09-30 09974873 bus:SmallCompaniesRegimeForAccounts 2018-10-01 2019-09-30 09974873 bus:PrivateLimitedCompanyLtd 2018-10-01 2019-09-30 09974873 core:OfficeEquipment 2018-10-01 2019-09-30 09974873 core:OfficeEquipment 2019-09-30 09974873 core:OfficeEquipment 2018-09-30
COMPANY REGISTRATION NUMBER: 09974873
HF Building Limited
Filleted Unaudited Financial Statements
30 September 2019
HF Building Limited
Statement of Financial Position
30 September 2019
2019
2018
Note
£
£
£
Fixed assets
Tangible assets
5
11,626
15,245
Current assets
Stocks
158,304
131,593
Debtors
6
9,386
12,522
Cash at bank and in hand
52,058
---------
---------
167,690
196,173
Creditors: amounts falling due within one year
7
168,320
129,639
---------
---------
Net current (liabilities)/assets
( 630)
66,534
--------
--------
Total assets less current liabilities
10,996
81,779
Provisions
Taxation including deferred tax
2,209
2,897
--------
--------
Net assets
8,787
78,882
--------
--------
Capital and reserves
Called up share capital
10
10
Profit and loss account
8,777
78,872
-------
--------
Shareholders funds
8,787
78,882
-------
--------
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 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 income and retained earnings has not been delivered.
For the year ending 30 September 2019 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 .
HF Building Limited
Statement of Financial Position (continued)
30 September 2019
These financial statements were approved by the board of directors and authorised for issue on 3 August 2020 , and are signed on behalf of the board by:
Mr H D Tetley
Mr G S Podolak
Director
Director
Company registration number: 09974873
HF Building Limited
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 Harnhill Cottage, Harnhill, Cirencester, Gloucestershire, GL7 5PT, United Kingdom.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
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
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
20% 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.
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 either 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2018: 7 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 October 2018 and 30 September 2019
6,950
25,463
1,051
33,464
-------
--------
-------
--------
Depreciation
At 1 October 2018
3,288
14,721
210
18,219
Charge for the year
733
2,718
168
3,619
-------
--------
-------
--------
At 30 September 2019
4,021
17,439
378
21,838
-------
--------
-------
--------
Carrying amount
At 30 September 2019
2,929
8,024
673
11,626
-------
--------
-------
--------
At 30 September 2018
3,662
10,742
841
15,245
-------
--------
-------
--------
6. Debtors
2019
2018
£
£
Trade debtors
( 351)
10,424
Other debtors
9,737
2,098
-------
--------
9,386
12,522
-------
--------
7. Creditors: amounts falling due within one year
2019
2018
£
£
Bank loans and overdrafts
49,228
Trade creditors
10,572
9,591
Corporation tax
16,694
22,022
Social security and other taxes
2,815
3,862
Other creditors
89,011
94,164
---------
---------
168,320
129,639
---------
---------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2019
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr H D Tetley
( 17,309)
( 32,613)
( 49,922)
--------
--------
--------
2018
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr H D Tetley
( 20,344)
3,035
( 17,309)
--------
-------
--------