Hides Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01261011 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Hides Investments Limited

Trading as

Hides Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S Hides

Mrs J Hides

Mr D T Sowerby

SECRETARY:

Mrs J Hides

REGISTERED OFFICE:

Callywhite Lane

Dronfield

Derbyshire

S18 2XR

REGISTERED NUMBER:

01261011 (England and Wales)

ACCOUNTANTS:

Lishmans LLP

16-18 Station Road

Chapeltown

Sheffield

South Yorkshire

S35 2XH

FIXED ASSETS

Tangible assets

4

77,630

110,183

CURRENT ASSETS

Stocks

426

20,136

Debtors

5

364,672

544,424

Cash at bank and in hand

99,384

59,592

464,482

624,152

CREDITORS

Amounts falling due within one year

6

224,161

204,211

NET CURRENT ASSETS

240,321

419,941

TOTAL ASSETS LESS CURRENT LIABILITIES

317,951

530,124

CREDITORS

Amounts falling due after more than one year

7

(24,685

)

(38,243

)

PROVISIONS FOR LIABILITIES

(4,979

)

(10,172

)

NET ASSETS

288,287

481,709

CAPITAL AND RESERVES

Called up share capital

400

400

Share premium

900

900

Other reserves

789

789

Retained earnings

286,198

479,620

SHAREHOLDERS' FUNDS

288,287

481,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 October 2019 and were signed on its behalf by:

Mr S Hides - Director

1.	STATUTORY INFORMATION

Cobal (Cranes) Ltd is a private company, limited by shares, domiciled in England and Wales, registration

number 01261011. The registered office is Callywhite Lane, Dronfield, Derbyshire S18 2XR.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted

or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates

and laws that have been enacted or substantively enacted by the year end and that are expected to apply

to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of

the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2018 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

61,596

211,504

4,950

278,050

Additions

-

19,564

-

19,564

Disposals

-

(56,769

)

-

(56,769

)

At 31 March 2019

61,596

174,299

4,950

240,845

DEPRECIATION

At 1 April 2018

57,124

108,995

1,748

167,867

Charge for year

894

23,976

1,057

25,927

Eliminated on disposal

-

(30,579

)

-

(30,579

)

At 31 March 2019

58,018

102,392

2,805

163,215

NET BOOK VALUE

At 31 March 2019

3,578

71,907

2,145

77,630

At 31 March 2018

4,472

102,509

3,202

110,183

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2018

and 31 March 2019

155,016

DEPRECIATION

At 1 April 2018

and 31 March 2019

63,817

NET BOOK VALUE

At 31 March 2019

91,199

At 31 March 2018

91,199

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

364,672

267,714

Amounts owed by group undertakings

-

234,375

Other debtors

-

42,335

364,672

544,424

The loan to the parent company is repayable on demand and interest free.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

19,341

35,324

Trade creditors

85,623

99,750

Taxation and social security

84,617

55,661

Other creditors

34,580

13,476

224,161

204,211

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

24,685

38,243

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Cobal Cranes (UK)Ltd.

Cobal Cranes (UK) Ltd is the parent undertaking of Cobal (Cranes) Ltd. The address of the parent

undertaking is Callywhite Lane, Dronfield, Derbyshire S18 2XR.