Registration number:
Unaudited
Abbreviated Accounts
Period from
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W H S Hotts Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Financial Statements of
W H S Hotts Limited
for the Period Ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W H S Hotts Limited for the period ended 31 March 2015 set out on pages 4 to 13 from the company's accounting records and from information and explanations you have given us.
As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of W H S Hotts Limited, as a body, in accordance with the terms of our engagement letter dated 2 December 2014. Our work has been undertaken solely to prepare for your approval the financial statements of W H S Hotts Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W H S Hotts Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that W H S Hotts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W H S Hotts Limited. You consider that W H S Hotts Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of W H S Hotts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW
21 December 2015
W H S Hotts Limited
(Registration number: SC492282)
Abbreviated Balance Sheet at 31 March 2015
Note |
31 March 2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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2
W H S Hotts Limited
(Registration number: SC492282)
Abbreviated Balance Sheet at 31 March 2015
......... continued
Approved by the Board on
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G T Hamilton
Director
3
W H S Hotts Limited
Notes to the Abbreviated Accounts for the Period from 28 November 2014 to 31 March 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Capital grants
Grants received in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets on a basis consistent with the depreciation policy.
Government grants
Single farm payment amortisation
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Motor vehicles |
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Stocks
W H S Hotts Limited
Notes to the Abbreviated Accounts for the Period from 28 November 2014 to 31 March 2015
......... continued
Deferred tax
Hire purchase and leasing
Start-up costs
Start-up costs are accounted for on a basis consistent with similar costs incurred as part of the companys ongoing business. Where there are no similar ongoing costs, start up costs which satisfy the criteria under relevant accounting standards to be recognised as assets are included in the balance sheet. All other costs are written off as incurred.
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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Additions |
55,000 |
261,777 |
316,777 |
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Disposals |
- |
(2,799) |
(2,799) |
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At 31 March 2015 |
55,000 |
258,978 |
313,978 |
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Depreciation |
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Charge for the period |
- |
11,265 |
11,265 |
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At 31 March 2015 |
- |
11,265 |
11,265 |
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Net book value |
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At 31 March 2015 |
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W H S Hotts Limited
Notes to the Abbreviated Accounts for the Period from 28 November 2014 to 31 March 2015
......... continued
Creditors |
Included in the creditors are the following amounts due after more than five years:
31 March 2015
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After more than five years not by instalments |
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Share capital |
Allotted, called up and fully paid shares
31 March 2015 |
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No. |
£ |
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New shares allotted
During the period
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Control |
The company is controlled by the directors who own 100% of the called up share capital.