Accounts filed on 30-11-2018

Accounts filed on 30-11-2018

COLIN HANCOCK MILKING MACHINES LTD - Company Information

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06685397falsethe supply and repair of milking machines and refridgeration equipment2017-12-012018-11-30http://www.companieshouse.gov.uk/2017-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2017-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2017-11-30http://www.companieshouse.gov.uk/cd:Director12017-12-012018-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2017-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2018-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2018-11-30http://www.companieshouse.gov.uk/cd:Director22017-12-012018-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2017-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2018-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2017-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2018-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12017-12-012018-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2018-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2017-12-012018-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2017-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2018-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2017-12-012018-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2018-11-30http://www.companieshouse.gov.uk/pt:NetGoodwill2017-12-012018-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2017-11-30http://www.companieshouse.gov.uk/2017-12-012018-11-30http://www.companieshouse.gov.uk/2017-11-30http://www.companieshouse.gov.uk/cd:FRS1022017-12-012018-11-30http://www.companieshouse.gov.uk/2018-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2017-12-012018-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2017-12-012018-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06685397
Colin Hancock Milking Machines Limited
ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2018
Prepared By:
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU
Colin Hancock Milking Machines Limited
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018
DIRECTORS
Colin Hancock
Samantha Hancock
REGISTERED OFFICE
Manor Way Stores
Wern Road
Goodwick
Pembrokeshire
SA64 0AA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06685397
ACCOUNTANTS
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU
Colin Hancock Milking Machines Limited
FINANCIAL STATEMENTS
FOR THEYEARENDED30 NOVEMBER 2018
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Colin Hancock Milking Machines Limited
BALANCE SHEET AT 30 November 2018
20182017
Notes££
FIXED ASSETS
Intangible assets216,00024,000
Tangible assets332,90940,381
48,90964,381
CURRENT ASSETS
Stock141,584215,398
Debtors5143,876224,419
Cash at bank and in hand107,6786,629
393,138446,446
CREDITORS: Amounts falling due within one year6264,747332,542
NET CURRENT ASSETS128,391113,904
TOTAL ASSETS LESS CURRENT LIABILITIES177,300178,285
PROVISIONS FOR LIABILITIES AND CHARGES86,1227,513
NET ASSETS171,178170,772
CAPITAL AND RESERVES
Called up share capital944
Profit and loss account171,174170,768
SHAREHOLDERS' FUNDS171,178170,772
For the year ending 30 November 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26 August 2019 and signed on their behalf by
.............................
Colin Hancock
Director
Colin Hancock Milking Machines Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2018
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentstraight line 33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
Colin Hancock Milking Machines Limited
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 December 201780,00080,000
At 30 November 201880,00080,000
Depreciation
At 1 December 201756,00056,000
For the year8,0008,000
At 30 November 201864,00064,000
Net Book Amounts
At 30 November 201816,00016,000
At 30 November 201724,00024,000
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 1 December 201749,04850,4152,8185,076107,357
At 30 November 201849,04850,4152,8185,076107,357
Depreciation
At 1 December 201722,46637,7781,8354,89766,976
For the year3,9873,1591471797,472
At 30 November 201826,45340,9371,9825,07674,448
Net Book Amounts
At 30 November 201822,5959,478836-32,909
At 30 November 201726,58212,63798317940,381
4. STOCK 20182017
££
Stock comprises:
Stock141,584215,398
141,584215,398
Colin Hancock Milking Machines Limited
5. DEBTORS 20182017
££
Amounts falling due within one year
Trade debtors143,147223,578
Prepayments729841
143,876224,419
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20182017
££
UK corporation tax4,239-
VAT34,76732,373
Directors current account182,093186,727
Loans-1,002
Trade creditors37,120100,189
Accruals1,8666,766
Grants4,6625,485
264,747332,542
7. EMPLOYEES
20182017
No.No.
Average number of employees55
8. PROVISIONS FOR LIABILITIES 20182017
££
Deferred taxation6,1227,513
6,1227,513
Colin Hancock Milking Machines Limited
9. SHARE CAPITAL 20182017
££
Allotted, issued and fully paid:
4 Ordinary shares of £1 each44
44
10. CONTROLLING PARTY
The company is controlled by Mr & Mrs C Hancock by virtue of their 100% shareholding.