IRIS Accounts Production v23.3.0.418 SC234420 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2344202022-03-31SC2344202023-03-31SC2344202022-04-012023-03-31SC2344202021-03-31SC2344202021-04-012022-03-31SC2344202022-03-31SC234420ns10:Originalns15:Scotland2022-04-012023-03-31SC234420ns14:PoundSterlingns10:Original2022-04-012023-03-31SC234420ns10:Originalns10:Director12022-04-012023-03-31SC234420ns10:Original2022-04-012023-03-31SC234420ns10:Original2023-03-31SC234420ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC234420ns10:Originalns10:SmallEntities2022-04-012023-03-31SC234420ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC234420ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC234420ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31SC234420ns10:Originalns10:FullAccounts2022-04-012023-03-31SC234420ns10:Original2021-04-012022-03-31SC234420ns10:Originalns10:Director22022-04-012023-03-31SC234420ns10:CompanySecretary1ns10:Original2022-04-012023-03-31SC234420ns10:Originalns10:RegisteredOffice2022-04-012023-03-31SC234420ns10:Original2022-03-31SC234420ns10:Originalns5:CurrentFinancialInstruments2023-03-31SC234420ns10:Originalns5:CurrentFinancialInstruments2022-03-31SC234420ns5:ShareCapitalns10:Original2023-03-31SC234420ns5:ShareCapitalns10:Original2022-03-31SC234420ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-31SC234420ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-31SC234420ns10:Originalns5:PlantMachinery2022-03-31SC234420ns10:Originalns5:PlantMachinery2022-04-012023-03-31SC234420ns10:Originalns5:PlantMachinery2023-03-31SC234420ns10:Originalns5:PlantMachinery2022-03-31SC234420ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC234420ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: SC234420 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

D & M Hopkin Limited

D & M Hopkin Limited (Registered number: SC234420)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D & M Hopkin Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D H Hopkin
Mrs M Hopkin





SECRETARY: Mrs M Hopkin





REGISTERED OFFICE: Flat 1/1
21 Prince Albert Road
Glasgow
G12 9JU





REGISTERED NUMBER: SC234420 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

D & M Hopkin Limited (Registered number: SC234420)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 342 582

CURRENT ASSETS
Debtors 5 1,483 125
Cash at bank 2,727 -
4,210 125
CREDITORS
Amounts falling due within one year 6 947,869 949,323
NET CURRENT LIABILITIES (943,659 ) (949,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(943,317

)

(948,616

)

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings (943,817 ) (949,116 )
SHAREHOLDERS' FUNDS (943,317 ) (948,616 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 14 November 2023 and were signed on its behalf by:





D H Hopkin - Director


D & M Hopkin Limited (Registered number: SC234420)

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

1. STATUTORY INFORMATION

D & M Hopkin Limited is a private company, limited by shares , registered in Scotland. 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
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 £.

The financial statements have been prepared on the basis that the company will continue trading for the forseeable future. At 31 March 2023 the company's liabilities exceeded its assets by £943,317. The company is therefore dependent upon the continued support of its creditors. Should this support be withdrawn and the company be unable to continue trading, adjustments would have to be made to reduce balance sheet values of assets to their recoverable amounts, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at their purchase price, together with any incidental expenses of acquisition.

Provision for depreciation is made so as to write off the cost of tangible fixed assets less their residual value on a straight line basis over the expected useful economic life to the entity of the asset concerned or, if held under a finance lease, over the lease term, whichever is the shorter. Depreciation is charged over the following periods:

Plant & machinery - 20% on cost

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

D & M Hopkin Limited (Registered number: SC234420)

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

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 5,157
DEPRECIATION
At 1 April 2022 4,575
Charge for year 240
At 31 March 2023 4,815
NET BOOK VALUE
At 31 March 2023 342
At 31 March 2022 582

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,483 125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 3,698
Taxation and social security 46,130 45,870
Other creditors 901,739 899,755
947,869 949,323

7. RELATED PARTY DISCLOSURES

Included in Other Creditors at 31 March 2023 is an amount of £899,727 (2022 £899,790) due by the company to Mr D Hopkin and Mrs M Hopkin. The above loan is interest free and has no fixed repayment date.

8. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.