Registered number
08031257
R S Hook Ltd.
Unaudited Filleted Accounts
30 April 2023
R S Hook Ltd.
Registered number: 08031257
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,121 6,822
Current assets
Stocks 500 500
Debtors 4 4,086 1,604
Cash at bank and in hand 16,294 7,646
20,880 9,750
Creditors: amounts falling due within one year 5 (5,787) (1,698)
Net current assets 15,093 8,052
Net assets 20,214 14,874
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,114 14,774
Shareholders' funds 20,214 14,874
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Hook
Director
Approved by the board on 12 January 2024
R S Hook Ltd.
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% reducing balance
Equipment 15% reducing balance
Plant and machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer equipment Plant and machinery and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 967 294 8,900 10,161
At 30 April 2023 967 294 8,900 10,161
Depreciation
At 1 May 2022 877 237 2,225 3,339
Charge for the year 23 9 1,669 1,701
At 30 April 2023 900 246 3,894 5,040
Net book value
At 30 April 2023 67 48 5,006 5,121
At 30 April 2022 90 57 6,675 6,822
4 Debtors 2023 2022
£ £
Trade debtors 4,086 1,604
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 2,367 442
Other creditors 3,420 1,256
5,787 1,698
6 Related party transactions
During the year dividends were paid to Mr R Hook and Mrs D Hook.
7 Controlling party
The company was under the control of Mr R Hook throughout the current and previous year. Mr R Hook is the managing director and the majority shareholder.
8 Other information
R S Hook Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
29 Barn Lane
Moseley
Birmingham
B13 0SN
R S Hook Ltd. 08031257 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts October 2023 release 2 Robert Hook No description of principal activity 08031257 2021-05-01 2022-04-30 08031257 core:WithinOneYear 2022-04-30 08031257 core:ShareCapital 2022-04-30 08031257 core:RetainedEarningsAccumulatedLosses 2022-04-30 08031257 2022-05-01 2023-04-30 08031257 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 08031257 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 08031257 bus:Director40 2022-05-01 2023-04-30 08031257 1 2022-05-01 2023-04-30 08031257 2 2022-05-01 2023-04-30 08031257 core:LandBuildings 2022-05-01 2023-04-30 08031257 core:PlantMachinery 2022-05-01 2023-04-30 08031257 core:Vehicles 2022-05-01 2023-04-30 08031257 countries:England 2022-05-01 2023-04-30 08031257 bus:FRS102 2022-05-01 2023-04-30 08031257 bus:FullAccounts 2022-05-01 2023-04-30 08031257 2023-04-30 08031257 core:WithinOneYear 2023-04-30 08031257 core:ShareCapital 2023-04-30 08031257 core:RetainedEarningsAccumulatedLosses 2023-04-30 08031257 core:LandBuildings 2023-04-30 08031257 core:PlantMachinery 2023-04-30 08031257 core:Vehicles 2023-04-30 08031257 2022-04-30 08031257 core:LandBuildings 2022-04-30 08031257 core:PlantMachinery 2022-04-30 08031257 core:Vehicles 2022-04-30 iso4217:GBP xbrli:pure