Douglas Hinde & Son Ltd
Unaudited accounts
Contents
Douglas Hinde & Son Ltd
Company Information
for the year ended 31 December 2021
Directors
Douglas Hinde
Ian Hinde
Company Number
SC438870 (Scotland)
Registered Office
29 DONGOLA ROAD
AYR
KA7 3BJ
Accountants
W Wilson Millar Ltd
32 Moorfield Road
Prestwick
KA9 2HW
Douglas Hinde & Son Ltd
Statement of financial position
as at 31 December 2021
Cash at bank and in hand
43
8,835
Creditors: amounts falling due within one year
(1,399)
(19,977)
Net current assets/(liabilities)
777
(5,926)
Called up share capital
2
2
Profit and loss account
775
330
Shareholders' funds
777
332
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 11 August 2022 and were signed on its behalf by
Douglas Hinde
Director
Company Registration No. SC438870
Douglas Hinde & Son Ltd
Notes to the Accounts
for the year ended 31 December 2021
Douglas Hinde & Son Ltd is a private company, limited by shares, registered in Scotland, registration number SC438870. The registered office is 29 DONGOLA ROAD, AYR, KA7 3BJ.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2021
20,000
At 31 December 2021
20,000
Douglas Hinde & Son Ltd
Notes to the Accounts
for the year ended 31 December 2021
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2021
1,273
31,329
32,602
Disposals
(500)
(5,500)
(6,000)
At 31 December 2021
773
25,829
26,602
At 1 January 2021
983
25,361
26,344
Charge for the year
(210)
468
258
At 31 December 2021
773
25,829
26,602
At 31 December 2020
290
5,968
6,258
6
Debtors: amounts falling due within one year
2021
2020
Debtors: amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
165
6,121
Loans from directors
-
6,366
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).