HIPWOODS GARAGE DOORS LTD

Company Registration Number:
09264320 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

HIPWOODS GARAGE DOORS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

HIPWOODS GARAGE DOORS LTD

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 141,096 251,029
Cost of sales: ( 145,226 ) ( 156,512 )
Gross profit(or loss): (4,130) 94,517
Administrative expenses: ( 79,744 ) ( 114,710 )
Other operating income: 7,629
Operating profit(or loss): (76,245) (20,193)
Profit(or loss) before tax: (76,245) (20,193)
Tax: 467
Profit(or loss) for the financial year: (76,245) (19,726)

HIPWOODS GARAGE DOORS LTD

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 14,232 28,301
Total fixed assets: 14,232 28,301
Current assets
Stocks: 4 11,000 17,500
Debtors: 5 19,602 24,846
Cash at bank and in hand: 118
Total current assets: 30,720 42,346
Creditors: amounts falling due within one year: 6 ( 120,309 ) ( 58,157 )
Net current assets (liabilities): (89,589) (15,811)
Total assets less current liabilities: (75,357) 12,490
Creditors: amounts falling due after more than one year: 7 ( 20,616 ) ( 30,850 )
Accruals and deferred income: ( 900 )
Total net assets (liabilities): (95,973) (19,260)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (95,974 ) (19,261 )
Total Shareholders' funds: ( 95,973 ) (19,260)

The notes form part of these financial statements

HIPWOODS GARAGE DOORS LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 September 2023
and signed on behalf of the board by:

Name: Ralph Donald Hipwood
Status: Director

The notes form part of these financial statements

HIPWOODS GARAGE DOORS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HIPWOODS GARAGE DOORS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 2 2

HIPWOODS GARAGE DOORS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 2,500 357 43,795 46,652
Additions 993 993
Disposals ( 17,800 ) ( 17,800 )
Revaluations
Transfers
At 31 December 2022 2,500 1,350 25,995 29,845
Depreciation
At 1 January 2022 2,500 238 15,613 18,351
Charge for year 449 2,395 2,844
On disposals ( 5,582 ) ( 5,582 )
Other adjustments
At 31 December 2022 2,500 687 12,426 15,613
Net book value
At 31 December 2022 0 663 13,569 14,232
At 31 December 2021 0 119 28,182 28,301

HIPWOODS GARAGE DOORS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

2022 2021
£ £
Stocks 11,000 17,500
Total 11,000 17,500

HIPWOODS GARAGE DOORS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
£ £
Trade debtors 19,602 24,846
Total 19,602 24,846

HIPWOODS GARAGE DOORS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 21,454 18,800
Amounts due under finance leases and hire purchase contracts 5,247
Trade creditors 20,749 179
Taxation and social security 12,232 12,390
Other creditors 60,627 26,788
Total 120,309 58,157

HIPWOODS GARAGE DOORS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 20,616 26,178
Amounts due under finance leases and hire purchase contracts 4,672
Total 20,616 30,850