E & W Hopkins Limited - Filleted accounts

Registered number

00339904

E & W Hopkins Limited

Filleted Accounts

30 April 2018

E & W Hopkins Limited
Registered number:		00339904
Balance Sheet
as at 30 April 2018

Notes			2018			2017
£				£
Fixed assets
Tangible assets	3		461			614
Investments	4		7,500			7,500
			7,961			8,114

Current assets
Stocks		781,000			311,000
Debtors	5	488,905			1,568,361
Cash at bank and in hand		262,923			79,770
		1,532,828			1,959,131

Creditors: amounts falling due within one year	6	(1,599,461)			(2,027,594)

Net current liabilities			(66,633)			(68,463)

Net liabilities			(58,672)			(60,349)

Capital and reserves
Called up share capital			2,625			2,625
Profit and loss account			(61,297)			(62,974)

Shareholders' funds			(58,672)			(60,349)

The directors are 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 directors acknowledge their 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.




H.Maricar
Director
Approved by the board on 20 January 2019

E & W Hopkins Limited
Notes to the Accounts
for the year ended 30 April 2018


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:

	Fixtures, fittings, tools and equipment	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2018		2017
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
						Plant and machinery etc
£
	Cost
	At 1 May 2017					20,311
	At 30 April 2018					20,311

	Depreciation
	At 1 May 2017					19,697
	Charge for the year					153
	At 30 April 2018					19,850

	Net book value
	At 30 April 2018					461
	At 30 April 2017					614


4	Investments
Investments in
subsidiary			Other
undertakings			investments		Total
£			£		£
	Cost
	At 1 May 2017	2,500		5,000		7,500

	At 30 April 2018	2,500		5,000		7,500


5	Debtors			2018		2017
£					£

	Trade debtors			473,705		1,550,321
	Other debtors			15,200		18,040
				488,905		1,568,361


6	Creditors: amounts falling due within one year			2018		2017
£					£

	Bank loans and overdrafts			23,128		47,346
	Trade creditors			1,447,181		1,831,729
	Taxation and social security costs			1,601		3,337
	Directors' account			111,708		128,737
	Other creditors			13,643		13,645
	Accruals			2,200		2,800
				1,599,461		2,027,594


7	Related party transactions

	At the reporting date the company owed £111,708 (2017: £128,737) to S.M.S.A. Maricar, H. Maricar, R.A. Maricar and K. Maricar who are the directors and shareholders of the company. The loan is unsecured, interest free and repayable on demand. However, the directors have undertaken not to demand repayment of any amounts owing to them until such time as the company's finances allow.


8	Controlling party

	The company is jointly controlled by S.M.S.A. Maricar and H. Maricar.


9	Other information

	E & W Hopkins Limited is a private company limited by shares and incorporated in England. Its registered office is:
	2nd Floor, Suite 16
	88/90 Hatton Gardens
	London
	EC1N 8PN