Registered number
08081523
Honley Environmental Services Limited
Unaudited Filleted Financial Statements
For the Year Ended
31 May 2022
Honley Environmental Services Limited
Registered number: 08081523
Balance Sheet as at 31 May 2022
Notes 2022 2021
£ £
Fixed assets
Intangible assets 3 1 2,000
Tangible assets 4 48 96
49 2,096
Current assets
Debtors 5 39,308 24,145
Cash at bank and in hand 12,615 18,442
51,923 42,587
Creditors: amounts falling due within one year 6 (18,346) (25,538)
Net current assets 33,577 17,049
Net assets 33,626 19,145
Capital and reserves
Called up share capital 200 200
Share premium 9,802 9,802
Profit and loss account 23,624 9,143
Shareholders' funds 33,626 19,145
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs H.M. Reddel
Director
Approved by the board on 31 August 2022
Honley Environmental Services Limited
Notes to the Accounts
for the year ended 31 May 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard).
Going concern
The director believes the company is experiencing healthy levels of sales and profitability and that it is well placed to manage its business risks successfully. Accordingly she has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus she continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Goodwill costs are being written off in equal annual instalments over its estimated economic life of 10 years.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and Machinery 3 years straight line basis
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to employee's personal defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the
company (including director) during the year 2 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2021 20,000
At 31 May 2022 20,000
Amortisation
At 1 June 2021 18,000
Provided during the year 1,999
At 31 May 2022 19,999
Net book value
At 31 May 2022 1
At 31 May 2021 2,000
4 Tangible fixed assets
Plant and Machinery
£
Cost
At 1 June 2021 1,504
At 31 May 2022 1,504
Depreciation
At 1 June 2021 1,408
Charge for the year 48
At 31 May 2022 1,456
Net book value
At 31 May 2022 48
At 31 May 2021 96
5 Debtors 2022 2021
£ £
Trade debtors 22,541 22,460
Prepayments & accrued income 16,767 1,685
39,308 24,145
6 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 22 13,901
Taxes and social security costs 8,579 9,253
Other creditors 137 884
Accruals 9,608 1,500
18,346 25,538
7 Other information
Honley Environmental Services Limited is a private company limited by shares and incorporated in England. Its registered office is : 72 Westcroft, Honley, Holmfirth, West Yorkshire, HD9 6JP.
The financial statements are presented in Sterling, which is the functional currency of the company.
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