Humberside Battery Services Ltd 03792165 false 2021-07-01 2022-06-30 2022-06-30 The principal activity of the company is Wholesalers and retailers of batteries,filters and associated products Digita Accounts Production Advanced 6.30.9574.0 true 03792165 2021-07-01 2022-06-30 03792165 2022-06-30 03792165 bus:OrdinaryShareClass1 2022-06-30 03792165 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-06-30 03792165 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-06-30 03792165 core:CurrentFinancialInstruments 2022-06-30 03792165 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 03792165 core:Non-currentFinancialInstruments 2022-06-30 03792165 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 03792165 core:FurnitureFittingsToolsEquipment 2022-06-30 03792165 core:MotorVehicles 2022-06-30 03792165 bus:SmallEntities 2021-07-01 2022-06-30 03792165 bus:AuditExemptWithAccountantsReport 2021-07-01 2022-06-30 03792165 bus:FullAccounts 2021-07-01 2022-06-30 03792165 bus:SmallCompaniesRegimeForAccounts 2021-07-01 2022-06-30 03792165 bus:RegisteredOffice 2021-07-01 2022-06-30 03792165 bus:Director2 2021-07-01 2022-06-30 03792165 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 03792165 bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 03792165 core:FurnitureFittings 2021-07-01 2022-06-30 03792165 core:FurnitureFittingsToolsEquipment 2021-07-01 2022-06-30 03792165 core:MotorVehicles 2021-07-01 2022-06-30 03792165 countries:England 2021-07-01 2022-06-30 03792165 2021-06-30 03792165 core:FurnitureFittingsToolsEquipment 2021-06-30 03792165 core:MotorVehicles 2021-06-30 03792165 2020-07-01 2021-06-30 03792165 2021-06-30 03792165 bus:OrdinaryShareClass1 2021-06-30 03792165 core:HirePurchaseContracts core:CurrentFinancialInstruments 2021-06-30 03792165 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2021-06-30 03792165 core:CurrentFinancialInstruments 2021-06-30 03792165 core:CurrentFinancialInstruments core:WithinOneYear 2021-06-30 03792165 core:Non-currentFinancialInstruments 2021-06-30 03792165 core:Non-currentFinancialInstruments core:AfterOneYear 2021-06-30 03792165 core:FurnitureFittingsToolsEquipment 2021-06-30 03792165 core:MotorVehicles 2021-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03792165

Humberside Battery Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2022

 

Humberside Battery Services Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Humberside Battery Services Ltd

Company Information

Director

Matthew Walford

Registered office

Unit Z2
South Orbital Trading Park
Hull
East Yorkshire
HU9 1NJ

Accountants

Paul Bloor
8 Brough Road
South Cave
Brough
East Yorkshire
HU15 2BX

 

Humberside Battery Services Ltd

(Registration number: 03792165)
Balance Sheet as at 30 June 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

-

4,238

Current assets

 

Stocks

5

-

32,500

Debtors

6

-

29,158

Cash at bank and in hand

 

-

32,821

 

-

94,479

Creditors: Amounts falling due within one year

7

(48,461)

(55,344)

Net current (liabilities)/assets

 

(48,461)

39,135

Total assets less current liabilities

 

(48,461)

43,373

Creditors: Amounts falling due after more than one year

7

-

(51,618)

Net liabilities

 

(48,461)

(8,245)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(48,561)

(8,345)

Shareholders' deficit

 

(48,461)

(8,245)

For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 12 August 2022
 

.........................................
Matthew Walford
Director

 

Humberside Battery Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit Z2
South Orbital Trading Park
Hull
East Yorkshire
HU9 1NJ
England

These financial statements were authorised for issue by the director on 12 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% straight line basis

 

Humberside Battery Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022

Fixtures & Fittings

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Humberside Battery Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2021 - 2).

 

Humberside Battery Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2021

12,594

14,401

26,995

Disposals

-

(14,401)

(14,401)

At 30 June 2022

12,594

-

12,594

Depreciation

At 1 July 2021

11,957

10,800

22,757

Charge for the year

637

3,601

4,238

Eliminated on disposal

-

(14,401)

(14,401)

At 30 June 2022

12,594

-

12,594

Carrying amount

At 30 June 2022

-

-

-

At 30 June 2021

637

3,601

4,238

5

Stocks

2022
£

2021
£

Other inventories

-

32,500

6

Debtors

Current

2022
£

2021
£

Trade debtors

-

29,158

7

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

9

48,461

20,728

Trade creditors

 

-

26,913

Taxation and social security

 

-

7,551

Other creditors

 

-

152

 

48,461

55,344

 

Humberside Battery Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

9

-

51,618

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

9

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

-

50,000

Hire purchase contracts

-

1,618

-

51,618

2022
£

2021
£

Current loans and borrowings

Hire purchase contracts

-

1,942

Other borrowings

48,461

18,786

48,461

20,728

10

Related party transactions

 

Humberside Battery Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2022

Director's remuneration

The director's remuneration for the year was as follows:

2022
£

2021
£

Contributions paid to money purchase schemes

-

1,650