Company No:
Contents
DIRECTOR | Mr M M Gregg |
REGISTERED OFFICE | Leanne House |
6 Avon Close | |
Weymouth | |
DT4 9UX | |
United Kingdom |
COMPANY NUMBER | 04203496 (England and Wales) |
CHARTERED ACCOUNTANTS | Albert Goodman LLP |
Leanne House | |
6 Avon Close | |
Weymouth | |
Dorset | |
DT4 9UX |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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1,997 | 73 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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362,259 | 573,658 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 253,281 | 469,507 | ||
Total assets less current liabilities | 255,278 | 469,580 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of Hull Gregson & Hull (Portland) Limited (registered number:
Mr M M Gregg
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Hull Gregson & Hull (Portland) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Goodwill | not amortised |
Fixtures and fittings |
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Office equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Fixtures and fittings | Office equipment | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 August 2021 |
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Additions |
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At 31 July 2022 |
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Accumulated depreciation | |||||
At 01 August 2021 |
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Charge for the financial year |
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At 31 July 2022 |
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Net book value | |||||
At 31 July 2022 |
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At 31 July 2021 |
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2022 | 2021 | ||
£ | £ | ||
Other debtors |
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2022 | 2021 | ||
£ | £ | ||
Trade creditors |
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Other creditors |
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Corporation tax |
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Other taxation and social security |
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Commitments
Capital commitments are as follows:
2022 | 2021 | ||
£ | £ | ||
Contracted for but not provided for: | |||
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Transactions with the entity's director
2022 | 2021 | ||
£ | £ | ||
During the year one of the directors maintained a loan account which is interest free and repayable on demand | 77,826 | 0 |
Advances
At 1 August 2021, the balance owed to one of the Directors was £41,489. During the year, £45,835 was advanced and £4,346 was repaid. The balance due to the Director as at 31 July 2022 was £0.
At 1 August 2020, the balance owed to one of the Directors was £14,830. During the year, £37,653 was advanced and £64,312 was repaid. The balance due to the Director as at 31 July 2021 was £41,489.