1 September 2022 v2024.12.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP080936812022-09-012023-08-31080936812023-08-31080936812022-08-3108093681core:WithinOneYear2023-08-3108093681core:WithinOneYear2022-08-3108093681core:AfterOneYear2023-08-3108093681core:AfterOneYear2022-08-3108093681core:ShareCapital2023-08-3108093681core:ShareCapital2022-08-3108093681core:RetainedEarningsAccumulatedLosses2023-08-3108093681core:RetainedEarningsAccumulatedLosses2022-08-3108093681bus:Director12022-09-012023-08-3108093681bus:RegisteredOffice2022-09-012023-08-3108093681core:FurnitureFittingsToolsEquipment2022-09-012023-08-31080936812021-09-012022-08-3108093681core:PlantMachinery2023-08-3108093681core:PlantMachinery2022-09-0108093681core:PlantMachinery2022-09-012023-08-3108093681core:PlantMachinery2022-08-310809368112022-09-012023-08-3108093681countries:EnglandWales2022-09-012023-08-3108093681bus:AuditExemptWithAccountantsReport2022-09-012023-08-3108093681bus:PrivateLimitedCompanyLtd2022-09-012023-08-3108093681bus:SmallEntities2022-09-012023-08-3108093681bus:FullAccounts2022-09-012023-08-31
Company registration number:
08093681
Hawkin & Co Limited
Unaudited Filleted Financial Statements for the year ended
31 August 2023
Hawkin & Co Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Hawkin & Co Limited
Year ended
31 August 2023
As described on the statement of financial position, the Board of Directors of
Hawkin & Co Limited
are responsible for the preparation of the
financial statements
for the year ended
31 August 2023
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
McColm Cardew Ltd
Chartered Certified Accountants
8 Main Street
Bilton
Rugby
CV22 7NB
United Kingdom
Date:
15 April 2024
Hawkin & Co Limited
Statement of Financial Position
31 August 2023
20232022
Note££
Fixed assets    
Tangible assets 5
1,311
 
1,782
 
Current assets    
Stocks
2,246
 
2,246
 
Debtors 6
315,961
 
321,212
 
Cash at bank and in hand
30,847
 
54,961
 
349,054
 
378,419
 
Creditors: amounts falling due within one year 7
(125,310
)
(124,310
)
Net current assets
223,744
 
254,109
 
Total assets less current liabilities 225,055   255,891  
Creditors: amounts falling due after more than one year 8
(33,749
)
(38,750
)
Provisions for liabilities
(248
)
(338
)
Net assets
191,058
 
216,803
 
Capital and reserves    
Called up share capital
25
 
20
 
Profit and loss account
191,033
 
216,783
 
Shareholders funds
191,058
 
216,803
 
For the year ending
31 August 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
15 April 2024
, and are signed on behalf of the board by:
Timothy Hawkin
Director
Company registration number:
08093681
Hawkin & Co Limited
Notes to the Financial Statements
Year ended
31 August 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
8 Main Street
,
Bilton
,
Rugby
,
Warwickshire
,
CV22 7NB
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, 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.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
25% reducing balance

Impairment

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 stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

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 Average number of employees

The average number of persons employed by the company during the year was
4
(2022:
5.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 September 2022
and
31 August 2023
6,136
 
Depreciation  
At
1 September 2022
4,354
 
Charge
471
 
At
31 August 2023
4,825
 
Carrying amount  
At
31 August 2023
1,311
 
At 31 August 2022
1,782
 

6 Debtors

20232022
££
Trade debtors
66,301
 
67,407
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest
66,512
 
87,012
 
Other debtors
183,148
 
166,793
 
315,961
 
321,212
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
5,000
 
5,000
 
Trade creditors
64,002
 
64,002
 
Taxation and social security
50,308
 
50,008
 
Other creditors
6,000
 
5,300
 
125,310
 
124,310
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
33,749
 
38,750
 

9 Guarantees and other financial commitments

The company is committed to paying for a reversion of a former lease. The annual cost of this will be £29,536. There is a maximum of 10 years to run on the lease, however tenants are currently in place

10 Directors' advances, credit and guarantees

The directors have the following loans outstanding with the company
TD Hawkin £105,681( 2022 £52,345)
J Hawkin £0( 2022 £52,375)