13 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 01296239 2022-02-01 2023-01-31 01296239 2023-01-31 01296239 2022-01-31 01296239 2021-02-01 2022-01-31 01296239 2022-01-31 01296239 core:LandBuildings core:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 01296239 core:PlantMachinery 2022-02-01 2023-01-31 01296239 core:FurnitureFittings 2022-02-01 2023-01-31 01296239 core:MotorVehicles 2022-02-01 2023-01-31 01296239 bus:Director3 2022-02-01 2023-01-31 01296239 core:WithinOneYear 2023-01-31 01296239 core:WithinOneYear 2022-01-31 01296239 core:LandBuildings 2022-01-31 01296239 core:PlantMachinery 2022-01-31 01296239 core:FurnitureFittings 2022-01-31 01296239 core:MotorVehicles 2022-01-31 01296239 core:LandBuildings 2023-01-31 01296239 core:PlantMachinery 2023-01-31 01296239 core:FurnitureFittings 2023-01-31 01296239 core:MotorVehicles 2023-01-31 01296239 core:AfterOneYear 2023-01-31 01296239 core:AfterOneYear 2022-01-31 01296239 core:ShareCapital 2023-01-31 01296239 core:ShareCapital 2022-01-31 01296239 core:RetainedEarningsAccumulatedLosses 2023-01-31 01296239 core:RetainedEarningsAccumulatedLosses 2022-01-31 01296239 core:PlantMachinery 2022-01-31 01296239 core:FurnitureFittings 2022-01-31 01296239 core:MotorVehicles 2022-01-31 01296239 bus:Director3 2022-01-31 01296239 bus:Director3 2021-01-31 01296239 bus:SmallEntities 2022-02-01 2023-01-31 01296239 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 01296239 bus:FullAccounts 2022-02-01 2023-01-31 01296239 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 01296239 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 01296239 core:Buildings 2022-02-01 2023-01-31 01296239 core:Buildings 2023-01-31 01296239 core:Buildings 2022-01-31
COMPANY REGISTRATION NUMBER: 01296239
F. & J. HAUCK LIMITED
Filleted Unaudited Financial Statements
31 January 2023
F. & J. HAUCK LIMITED
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
3,552
4,735
Current assets
Stocks
92,089
69,655
Debtors
6
3,561
12,415
Cash at bank and in hand
4,237
10,505
--------
--------
99,887
92,575
Creditors: amounts falling due within one year
7
277,577
262,206
---------
---------
Net current liabilities
177,690
169,631
---------
---------
Total assets less current liabilities
( 174,138)
( 164,896)
Creditors: amounts falling due after more than one year
8
13,948
19,611
---------
---------
Net liabilities
( 188,086)
( 184,507)
---------
---------
F. & J. HAUCK LIMITED
Statement of Financial Position (continued)
31 January 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
4,000
4,000
Profit and loss account
( 192,086)
( 188,507)
---------
---------
Shareholders deficit
( 188,086)
( 184,507)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2023 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 September 2023 , and are signed on behalf of the board by:
Franz Hauck
Director
Company registration number: 01296239
F. & J. HAUCK LIMITED
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Linney Lane, Shaw, Oldham, OL2 8HB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property
-
5% straight line
Plant & Machinery
-
25% reducing balance
Security & Office Equipment
-
25% reducing balance
Commercial Vehicles
-
25% reducing balance
Porta Cabin
-
10% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2022: 13 ).
5. Tangible assets
Freehold Property
Plant and machinery
Security & Office Equipment
Commercial Vehicles
Porta Cabin
Total
£
£
£
£
£
£
Cost
At 1 Feb 2022 and 31 Jan 2023
30,294
413,200
81,226
49,797
2,700
577,217
--------
---------
--------
--------
-------
---------
Depreciation
At 1 Feb 2022
30,294
412,799
81,058
45,631
2,700
572,482
Charge for the year
100
42
1,041
1,183
--------
---------
--------
--------
-------
---------
At 31 Jan 2023
30,294
412,899
81,100
46,672
2,700
573,665
--------
---------
--------
--------
-------
---------
Carrying amount
At 31 Jan 2023
301
126
3,125
3,552
--------
---------
--------
--------
-------
---------
At 31 Jan 2022
401
168
4,166
4,735
--------
---------
--------
--------
-------
---------
6. Debtors
2023
2022
£
£
Trade debtors
58
2,877
Other debtors
3,503
9,538
-------
--------
3,561
12,415
-------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
6,389
6,389
Trade creditors
23,286
22,368
Accruals and deferred income
2,406
2,416
Social security and other taxes
4,162
4,148
Director loan accounts
64,847
64,847
Hauck Developments Ltd
59,000
54,000
Other creditors
117,487
108,038
---------
---------
277,577
262,206
---------
---------
The bank loan is a government-backed bounce back loan.
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
13,948
19,611
--------
--------
The bank loan is a government-backed bounce back loan.
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding
2023
2022
£
£
Franz Hauck
( 64,847)
( 64,847)
--------
--------
10. Related party transactions
Mr Franz Hauck is a partner in the property owning partnership which owns the land and buildings at Linney Lane, Shaw, in respect of which an annual rent of £10,400 (£200 per week) (2022 - £10,400) is payable. There is no formal lease or rental agreement in respect of the above property. Mr Franz Hauck is also a director of Hauck Developments Limited. Hauck Developments Limited has made loans to the company. The balance outstanding at 31 January 2023 was £59,000 (2022 £54,000).
11. Going concern
The company is reliant on the ongoing support of the director and shareholders. There is no reason that this support will not continue for the foreseeable future.