Hockley & Dawson Consulting Engineers Limited
Registered number: 03900397
Statement of Financial Position
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 4 11,203 16,686
Current assets
Debtors 5 124,349 160,132
Cash at bank and in hand 45,231 58,740
169,580 218,872
Creditors: amounts falling due within one year 6 (41,549) (72,283)
Net current assets 128,031 146,589
Net assets 139,234 163,275
Capital and reserves
Called up share capital 1,002 1,002
Profit and loss account 138,232 162,273
Shareholders' funds 139,234 163,275
The directors are 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 directors acknowledge their 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 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.
C J Dawson
Director
Approved by the board on 7 September 2022
Hockley & Dawson Consulting Engineers Limited
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company's business was adversely affected by the outbreak of Covid-19 in 2020. Whilst the long-term effect of the virus to the business is uncertain, the director of the company considers the going concern basis to be appropriate.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, other than freehold land, 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 25% reducing balance
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 9 12
3 Government grants
The company has received government grants under the coronavirus job retention scheme. These grants are shown in the profit and loss for the period in which the related salary expenditure was incurred.
2021 2020
£ £
Grants received under the covid job retention scheme 13,479 35,042
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2021 71,994
Disposals (29,745)
At 31 December 2021 42,249
Depreciation
At 1 January 2021 55,308
Charge for the year 3,742
On disposals (28,004)
At 31 December 2021 31,046
Net book value
At 31 December 2021 11,203
At 31 December 2020 16,686
5 Debtors 2021 2020
£ £
Trade debtors 66,418 64,720
Prepayments 36,363 58,120
Accrued income 17,120 26,172
Other debtors 4,448 11,120
124,349 160,132
6 Creditors: amounts falling due within one year 2021 2020
£ £
Obligations under finance lease and hire purchase contracts 7,572 -
Trade creditors 5,310 9,036
Accruals 3,705 8,316
Other taxes and social security costs 16,703 53,448
Other creditors 8,259 1,483
41,549 72,283
7 Other information
Hockley & Dawson Consulting Engineers Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5 Birtley Courtyard
Birtley Road
Bramley
Guildford
GU5 0LA
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