| Hoist & Co Fencing Limited |
| Registered number: |
05074754 |
| Balance Sheet |
| as at 31 March 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
9,913 |
|
|
13,217 |
| Tangible assets |
3 |
|
|
46,521 |
|
|
37,774 |
|
|
|
|
56,434 |
|
|
50,991 |
|
| Current assets |
| Stocks |
|
|
91,564 |
|
|
79,750 |
| Debtors |
4 |
|
8,792 |
|
|
3,012 |
| Cash at bank and in hand |
|
|
47,751 |
|
|
54,926 |
|
|
|
148,107 |
|
|
137,688 |
|
| Creditors: amounts falling due within one year |
5 |
|
(96,943) |
|
|
(79,860) |
|
| Net current assets |
|
|
|
51,164 |
|
|
57,828 |
|
| Total assets less current liabilities |
|
|
|
107,598 |
|
|
108,819 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(33,064) |
|
|
(31,884) |
|
|
|
| Net assets |
|
|
|
74,534 |
|
|
76,935 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
74,532 |
|
|
76,933 |
|
| Shareholders' funds |
|
|
|
74,534 |
|
|
76,935 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| J Howell |
| Director |
| Approved by the board on 14 December 2019 |
|
| Hoist & Co Fencing Limited |
| Notes to the Accounts |
| for the year ended 31 March 2019 |
|
|
| 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). |
|
|
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: |
|
|
Motor vehicles |
25% reducing balance |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
6% reducing balance |
|
|
|
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. |
|
|
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. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2018 |
41,000 |
|
At 31 March 2019 |
41,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2018 |
27,783 |
|
Provided during the year |
3,304 |
|
At 31 March 2019 |
31,087 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2019 |
9,913 |
|
At 31 March 2018 |
13,217 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off on 25% Reducing Balance |
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2018 |
- |
|
31,685 |
|
58,583 |
|
90,268 |
|
Additions |
17,532 |
|
934 |
|
- |
|
18,466 |
|
At 31 March 2019 |
17,532 |
|
32,619 |
|
58,583 |
|
108,734 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2018 |
- |
|
23,613 |
|
28,881 |
|
52,494 |
|
Charge for the year |
1,753 |
|
540 |
|
7,426 |
|
9,719 |
|
At 31 March 2019 |
1,753 |
|
24,153 |
|
36,307 |
|
62,213 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2019 |
15,779 |
|
8,466 |
|
22,276 |
|
46,521 |
|
At 31 March 2018 |
- |
|
8,072 |
|
29,702 |
|
37,774 |
|
|
| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
3,472 |
|
2,892 |
|
Other debtors |
5,320 |
|
120 |
|
|
|
|
|
|
8,792 |
|
3,012 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
(1,263) |
|
Trade creditors |
60,242 |
|
46,804 |
|
Taxation and social security costs |
24,719 |
|
29,100 |
|
Other creditors |
11,982 |
|
5,219 |
|
|
|
|
|
|
96,943 |
|
79,860 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Bank loans |
16,804 |
|
19,892 |
|
Other creditors |
16,260 |
|
11,992 |
|
|
|
|
|
|
33,064 |
|
31,884 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Hoist & Co Fencing Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Bonnyacre Farm |
|
Wrotham Road |
|
Culverstone |
|
Kent |
|
DA13 0RF |
