IRIS Accounts Production v23.3.0.418 03741684 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure037416842022-05-31037416842023-05-31037416842022-06-012023-05-31037416842021-05-31037416842021-06-012022-05-31037416842022-05-3103741684ns16:EnglandWales2022-06-012023-05-3103741684ns15:PoundSterling2022-06-012023-05-3103741684ns11:Director12022-06-012023-05-3103741684ns11:PrivateLimitedCompanyLtd2022-06-012023-05-3103741684ns11:SmallEntities2022-06-012023-05-3103741684ns11:AuditExemptWithAccountantsReport2022-06-012023-05-3103741684ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3103741684ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-3103741684ns11:FullAccounts2022-06-012023-05-3103741684ns11:OrdinaryShareClass12022-06-012023-05-3103741684ns11:Director22022-06-012023-05-3103741684ns11:CompanySecretary12022-06-012023-05-3103741684ns11:RegisteredOffice2022-06-012023-05-3103741684ns6:CurrentFinancialInstruments2023-05-3103741684ns6:CurrentFinancialInstruments2022-05-3103741684ns6:Non-currentFinancialInstruments2023-05-3103741684ns6:Non-currentFinancialInstruments2022-05-3103741684ns6:ShareCapital2023-05-3103741684ns6:ShareCapital2022-05-3103741684ns6:CapitalRedemptionReserve2023-05-3103741684ns6:CapitalRedemptionReserve2022-05-3103741684ns6:RetainedEarningsAccumulatedLosses2023-05-3103741684ns6:RetainedEarningsAccumulatedLosses2022-05-3103741684ns6:ShortLeaseholdAssetsns6:LandBuildings2022-06-012023-05-3103741684ns6:PlantMachinery2022-06-012023-05-3103741684ns6:FurnitureFittings2022-06-012023-05-3103741684ns6:MotorVehicles2022-06-012023-05-3103741684ns6:ComputerEquipment2022-06-012023-05-3103741684ns6:ShortLeaseholdAssetsns6:LandBuildings2022-05-3103741684ns6:LeaseholdImprovements2022-05-3103741684ns6:PlantMachinery2022-05-3103741684ns6:LeaseholdImprovements2022-06-012023-05-3103741684ns6:ShortLeaseholdAssetsns6:LandBuildings2023-05-3103741684ns6:LeaseholdImprovements2023-05-3103741684ns6:PlantMachinery2023-05-3103741684ns6:ShortLeaseholdAssetsns6:LandBuildings2022-05-3103741684ns6:LeaseholdImprovements2022-05-3103741684ns6:PlantMachinery2022-05-3103741684ns6:FurnitureFittings2022-05-3103741684ns6:MotorVehicles2022-05-3103741684ns6:ComputerEquipment2022-05-3103741684ns6:FurnitureFittings2023-05-3103741684ns6:MotorVehicles2023-05-3103741684ns6:ComputerEquipment2023-05-3103741684ns6:FurnitureFittings2022-05-3103741684ns6:MotorVehicles2022-05-3103741684ns6:ComputerEquipment2022-05-3103741684ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-05-3103741684ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-06-012023-05-3103741684ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-05-3103741684ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-05-3103741684ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-3103741684ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3103741684ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-05-3103741684ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-05-3103741684ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-05-3103741684ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-05-3103741684ns11:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 03741684 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

H & V 2000 Limited

H & V 2000 Limited (Registered number: 03741684)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

H & V 2000 Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: L N Harris
Mrs C Harris





SECRETARY: Mrs C Harris





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 03741684 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

H & V 2000 Limited (Registered number: 03741684)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 189,992 162,327

CURRENT ASSETS
Stocks 55,000 6,000
Debtors 5 464,923 562,988
Cash at bank 68,201 48,829
588,124 617,817
CREDITORS
Amounts falling due within one year 6 547,182 542,463
NET CURRENT ASSETS 40,942 75,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,934

237,681

CREDITORS
Amounts falling due after more than one
year

7

(189,366

)

(207,653

)

PROVISIONS FOR LIABILITIES (26,039 ) (29,596 )
NET ASSETS 15,529 432

CAPITAL AND RESERVES
Called up share capital 9 100 100
Capital redemption reserve 100 100
Retained earnings 15,329 232
SHAREHOLDERS' FUNDS 15,529 432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

H & V 2000 Limited (Registered number: 03741684)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





L N Harris - Director


H & V 2000 Limited (Registered number: 03741684)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

H & V 2000 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services and goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Any revaluation gains or losses recognised in other comprehensive income. Revaluations shall be made with sufficient regularity to ensure that carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.


H & V 2000 Limited (Registered number: 03741684)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax provided on timing differences which arise from the inclusion of income and expenses in tax in assessments in periods different from those in which they are recognised in the financial statements. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is provided in respect of the additional tax that will be paid or avoided on differences between the amount at which an asset (other than goodwill) or liability is recognised in a business combination and the corresponding amount that can be deducted or assessed for tax. Goodwill is adjusted by the amount of such deferred tax.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted at the balance sheet date. Deferred tax balances are not discounted.

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.at it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

H & V 2000 Limited (Registered number: 03741684)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 June 2022 39,100 40,000 155,749
Additions - - 10,136
Disposals - - -
At 31 May 2023 39,100 40,000 165,885
DEPRECIATION
At 1 June 2022 19,550 4,000 139,529
Charge for year 3,910 2,000 6,589
Eliminated on disposal - - -
At 31 May 2023 23,460 6,000 146,118
NET BOOK VALUE
At 31 May 2023 15,640 34,000 19,767
At 31 May 2022 19,550 36,000 16,220

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 21,046 287,270 6,290 549,455
Additions - 84,999 - 95,135
Disposals - (69,500 ) - (69,500 )
At 31 May 2023 21,046 302,769 6,290 575,090
DEPRECIATION
At 1 June 2022 17,029 202,888 4,132 387,128
Charge for year 1,010 38,625 450 52,584
Eliminated on disposal - (54,614 ) - (54,614 )
At 31 May 2023 18,039 186,899 4,582 385,098
NET BOOK VALUE
At 31 May 2023 3,007 115,870 1,708 189,992
At 31 May 2022 4,017 84,382 2,158 162,327

H & V 2000 Limited (Registered number: 03741684)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022 208,295
Additions 84,999
Disposals (57,500 )
At 31 May 2023 235,794
DEPRECIATION
At 1 June 2022 141,692
Charge for year 34,714
Eliminated on disposal (44,750 )
At 31 May 2023 131,656
NET BOOK VALUE
At 31 May 2023 104,138
At 31 May 2022 66,603

5. DEBTORS
31.5.23 31.5.22
£    £   
Amounts falling due within one year:
Trade debtors 147,742 241,953
Directors' loan accounts 178,254 156,207
VAT 14,932 23,606
Prepayments 76,197 100,855
417,125 522,621

Amounts falling due after more than one year:
Tax 47,798 40,367

Aggregate amounts 464,923 562,988

H & V 2000 Limited (Registered number: 03741684)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 60,000 78,508
Hire purchase contracts 26,825 35,267
Trade creditors 345,702 339,363
Tax 48,104 46,048
Social security and other taxes 44,525 24,863
Other creditors 7,592 6,011
Net wages 12,434 10,403
Accrued expenses 2,000 2,000
547,182 542,463

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 60,000 81,008
Bank loans - 2-5 years 61,041 93,084
Hire purchase contracts 68,325 33,561
189,366 207,653

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Hire purchase contracts 95,150 68,828

The Hire purchase debts are secured on the Motor Vehicles as show in note 6.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
H & V 2000 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H & V 2000 Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of H & V 2000 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H & V 2000 Limited and state those matters that we have agreed to state to the Board of Directors of H & V 2000 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H & V 2000 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H & V 2000 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H & V 2000 Limited. You consider that H & V 2000 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of H & V 2000 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


2 November 2023