Company registration number 13257247 (England and Wales)
HENCILLA CANWORTH GI LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
HENCILLA CANWORTH GI LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HENCILLA CANWORTH GI LIMITED (REGISTERED NUMBER: 13257247)
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,226
18,680
Current assets
Debtors
4
78,960
114,435
Cash at bank and in hand
1,128,329
824,310
1,207,289
938,745
Creditors: amounts falling due within one year
5
(614,737)
(552,185)
Net current assets
592,552
386,560
Net assets
600,778
405,240
Capital and reserves
Called up share capital
20,100
20,100
Profit and loss reserves
580,678
385,140
Total equity
600,778
405,240
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 November 2023 and are signed on its behalf by:
Mr D Pollard
Director
HENCILLA CANWORTH GI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information
Hencilla Canworth GI Limited is a private company limited by shares incorporated in England and Wales. The registered office is Simpson House, 6 Cherry Orchard, Croydon, Surrey, CR9 5BB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20 % per annum on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense for the period comprises current tax.
Current tax
The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
HENCILLA CANWORTH GI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
22
21
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022
192,559
Disposals
(11,804)
Transfers
4,548
At 31 October 2023
185,303
Depreciation and impairment
At 1 November 2022
173,879
Depreciation charged in the year
10,454
Eliminated in respect of disposals
(11,804)
Transfers
4,548
At 31 October 2023
177,077
Carrying amount
At 31 October 2023
8,226
At 31 October 2022
18,680
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
44,721
79,233
Other debtors
34,239
35,202
78,960
114,435
HENCILLA CANWORTH GI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
502,825
455,218
Taxation and social security
62,207
61,379
Other creditors
49,705
35,588
614,737
552,185
HENCILLA CANWORTH GI LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HENCILLA CANWORTH GI LIMITED FOR THE YEAR ENDED 31 OCTOBER 2023
- 5 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hencilla Canworth GI Limited for the year ended 31 October 2023 which comprise, the balance sheet 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 at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Hencilla Canworth GI Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hencilla Canworth GI Limited and state those matters that we have agreed to state to the board of directors of Hencilla Canworth GI Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hencilla Canworth GI Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Hencilla Canworth GI 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 Hencilla Canworth GI Limited. You consider that Hencilla Canworth GI 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 Hencilla Canworth GI 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.
Perrys Accountants Limited
Chartered Accountants
Churchdown Chambers
Bordyke
Tonbridge
Kent
TN9 1NR
20 November 2023