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COMPANY REGISTRATION NUMBER: 10141904
HAWKES GROUP LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2023
HAWKES GROUP LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
552,906
183,102
Investments
6
101
101
---------
---------
553,007
183,203
CURRENT ASSETS
Stocks
19,657
11,648
Debtors
7
87,734
95,357
Cash at bank and in hand
132
---------
---------
107,391
107,137
CREDITORS: amounts falling due within one year
8
284,560
110,023
---------
---------
NET CURRENT LIABILITIES
177,169
2,886
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
375,838
180,317
CREDITORS: amounts falling due after more than one year
9
258,152
84,149
---------
---------
NET ASSETS
117,686
96,168
---------
---------
CAPITAL AND RESERVES
Called up share capital fully paid
1
1
Revaluation reserve
23,941
23,941
Profit and loss account
93,744
72,226
---------
--------
SHAREHOLDERS FUNDS
117,686
96,168
---------
--------
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 comprehensive income has not been delivered.
For the year ending 30 September 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 .
HAWKES GROUP LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 16 February 2024 , and are signed on behalf of the board by:
Mr R Hawkes
Director
Company registration number: 10141904
HAWKES GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 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 Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
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 and are prepared in sterling, which is the functional currency of the entity.
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
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.
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:
Plant and machinery
-
10% reducing balance
Motor vehicles
-
10% reducing balance
Equipment
-
20% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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.
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.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
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.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 October 2022
212,000
833
212,833
Additions
195,050
221,500
416,550
---------
---------
----
---------
At 30 September 2023
195,050
433,500
833
629,383
---------
---------
----
---------
Depreciation
At 1 October 2022
29,675
56
29,731
Charge for the year
11,038
35,553
155
46,746
---------
---------
----
---------
At 30 September 2023
11,038
65,228
211
76,477
---------
---------
----
---------
Carrying amount
At 30 September 2023
184,012
368,272
622
552,906
---------
---------
----
---------
At 30 September 2022
182,325
777
183,102
---------
---------
----
---------
6. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 October 2022 and 30 September 2023
101
----
Impairment
At 1 October 2022 and 30 September 2023
----
Carrying amount
At 30 September 2023
101
----
At 30 September 2022
101
----
7. DEBTORS
2023
2022
£
£
Trade debtors
82,410
10,488
Amounts owed by group undertakings and undertakings in which the company has a participating interest
4,166
39,485
Other debtors
1,158
45,384
--------
--------
87,734
95,357
--------
--------
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
9,573
1,416
Trade creditors
58,756
20,991
Amounts owed to group undertakings and undertakings in which the company has a participating interest
7,839
Corporation tax
21,126
Social security and other taxes
48,160
30,008
Other creditors
160,232
36,482
---------
---------
284,560
110,023
---------
---------
9. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
7,879
9,232
Other creditors
250,273
74,917
---------
--------
258,152
84,149
---------
--------