Company Registration No. 02568708 (England and Wales)
B & H Computers HX Limited
Financial Statements
for the year ended 31 December 2020
B & H Computers HX Limited
Company Information
Directors
J Eastwood
J Blagbrough
Secretary
J Eastwood
Company number
02568708
Registered office
West House
King Cross Road
Halifax
West Yorkshire
HX1 1EB
Accountants
B M Howarth Ltd
West House
King Cross Road
Halifax
West Yorkshire
HX1 1EB
B & H Computers HX Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
B & H Computers HX Limited
Statement Of Financial Position
as at 31 December 2020
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Tangible assets
4
101
119
Current assets
Stocks
10,000
9,950
Debtors
5
27,201
16,971
Cash at bank and in hand
1,029
538
38,230
27,459
Creditors: amounts falling due within one year
6
(43,065)
(32,430)
Net current liabilities
(4,835)
(4,971)
Net liabilities
(4,734)
(4,852)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(4,736)
(4,854)
Total equity
(4,734)
(4,852)
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 December 2020 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.
T
he 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 27 September 2021 and are signed on its behalf by:
J Blagbrough
Director
Company Registration No. 02568708
B & H Computers HX Limited
Notes to the financial statements
for the year ended 31 December 2020
- 2 -
1
Accounting policies
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 a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised when services are provided to the customer.
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, fittings & equipment
15% reducing balance basis
Stocks
Stock is stated at the lower of cost and net realisable value.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
B & H Computers HX Limited
Notes to the financial statements (continued)
for the year ended 31 December 2020
- 3 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
1
1
4
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 January 2020 and 31 December 2020
6,756
Depreciation and impairment
At 1 January 2020
6,637
Depreciation charged in the year
18
At 31 December 2020
6,655
Carrying amount
At 31 December 2020
101
At 31 December 2019
119
5
Debtors
2020
2019
Amounts falling due within one year:
£
£
Trade debtors
27,073
16,682
Other debtors
128
289
27,201
16,971
B & H Computers HX Limited
Notes to the financial statements (continued)
for the year ended 31 December 2020
- 4 -
6
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
1,338
2,845
Other creditors
39,547
28,505
Accruals and deferred income
2,180
1,080
43,065
32,430
7
Company information
B & H Computers HX Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.