1 January 2021 false Taxfiler 2022.8.3 02747415business:PrivateLimitedCompanyLtd2021-01-012021-12-31 027474152020-12-31 027474152021-01-012021-12-31 02747415business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 02747415business:FullAccounts2021-01-012021-12-31 027474152021-12-31 027474152020-12-31 02747415core:WithinOneYear2021-12-31 02747415core:WithinOneYear2020-12-31 02747415core:ShareCapital2021-12-31 02747415core:ShareCapital2020-12-31 02747415core:RetainedEarningsAccumulatedLosses2021-12-31 02747415core:RetainedEarningsAccumulatedLosses2020-12-31 02747415business:SmallEntities2021-01-012021-12-31 02747415business:Director32021-01-012021-12-31 02747415countries:EnglandWales2021-01-012021-12-31 02747415business:RegisteredOffice2021-01-012021-12-31 02747415core:MotorVehicles2021-01-012021-12-31 02747415core:MotorVehicles2020-12-31 02747415core:MotorVehicles2021-12-31 02747415core:AdditionsToInvestments2021-12-31 02747415business:Director312021-01-012021-12-31 02747415business:Director312020-12-31 02747415business:Director312021-12-31 027474152020-01-012020-12-31 iso4217:GBP xbrli:pure
HOLBROOK CONTRACT FURNISHING LTD Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,130 
27,257 
Investments
10,000 
- 
47,130 
27,257 
Current assets
Inventories
10,000 
10,000 
Debtors
2,033,694 
923,804 
Cash at bank and in hand
507,794 
1,224,018 
2,551,488 
2,157,822 
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 
Capital and reserves
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
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HOLBROOK CONTRACT FURNISHING LTD Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Turnover
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 
£ 
Cost or valuation
At cost 
At 1 January 2021
64,606 
Additions
35,329 
Disposals
(31,000)
At 31 December 2021
68,935 
Depreciation
At 1 January 2021
37,349 
Charge for the year
12,377 
On disposals
(17,921)
At 31 December 2021
31,805 
Net book value
At 31 December 2021
37,130 
At 31 December 2020
27,257 
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HOLBROOK CONTRACT FURNISHING LTD Notes to the Accounts for the year ended 31 December 2021
5
Investments
Other investments 
£ 
Valuation at 1 January 2021
- 
Additions
10,000 
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 
2,033,694 
923,804 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
140,957 
60,924 
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 
Accruals
9,500 
34,000 
609,648 
473,926 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
James Clarke
Repayable on demand
- 
624,265 
- 
624,265 
- 
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).
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