HOLBROOK CONTRACT FURNISHING LTD
Statement of financial position
as at 31 December 2021
Tangible assets
37,130
27,257
Cash at bank and in hand
507,794
1,224,018
Creditors: amounts falling due within one year
(609,648)
(473,926)
Net current assets
1,941,840
1,683,896
Net assets
1,988,970
1,711,153
Called up share capital
100
100
Profit and loss account
1,988,870
1,711,053
Shareholders' funds
1,988,970
1,711,153
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by
James Clarke
Director
Company Registration No. 02747415
HOLBROOK CONTRACT FURNISHING LTD
Notes to the Accounts
for the year ended 31 December 2021
HOLBROOK CONTRACT FURNISHING LTD is a private company, limited by shares, registered in England and Wales, registration number 02747415. The registered office is 7 ORMSIDE WAY, REDHILL, RH1 2LW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
Turnover represents supplies of goods and services invoiced during the year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
4
Tangible fixed assets
Motor vehicles
At 31 December 2021
68,935
Charge for the year
12,377
At 31 December 2021
31,805
At 31 December 2021
37,130
At 31 December 2020
27,257
HOLBROOK CONTRACT FURNISHING LTD
Notes to the Accounts
for the year ended 31 December 2021
5
Investments
Other investments
Valuation at 1 January 2021
-
Valuation at 31 December 2021
10,000
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
1,018,763
628,516
Accrued income and prepayments
135,000
-
Other debtors
879,931
295,288
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
325,921
279,452
Taxes and social security
108,000
75,334
Other creditors
7,700
7,700
Loans from directors
17,570
16,516
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Repayable on demand
-
624,265
-
624,265
Interest is chargeable each April the 5th on the average balance during the year to that date. This is charged at the official rate of interest, 2% for the year to 5/4/22, which was the first date on which interest was payable.
9
Transactions with related parties
Greyface Property Ltd ('GPL') is a related party to Holbrook Contract Furnishing Ltd ('HCFL') by dint of both companies having the same directors and shareholders. At 31/12/21 GPL owed £255,666 (31/12/20 £275,439) to HCFL as an unsecured interest free loan repayable on demand. During the year to 31/12/21 GPL let commercial property to HCFL at a rent totalling £77,496 (31/12/20 £77,496).
10
Average number of employees
During the year the average number of employees was 5 (2020: 5).