William C Hockin (Transport) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01489197 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2019

for

William C Hockin (Transport) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W C Hockin

B J Hockin

Mrs I M Hockin

SECRETARY:

Mrs I M Hockin

REGISTERED OFFICE:

Gratton Way

Roundswell Industrial Estate

Barnstaple

Devon

EX31 3NL

REGISTERED NUMBER:

01489197 (England and Wales)

ACCOUNTANTS:

LCA Chartered Accountants

13 Silver Street

Barnstaple

Devon

EX32 8HR

FIXED ASSETS

Tangible assets

4

877,013

988,250

Investments

5

-

1,256,255

Investment property

6

390,466

390,466

1,267,479

2,634,971

CURRENT ASSETS

Debtors

7

1,349,334

584,706

Cash at bank and in hand

943,638

250,407

2,292,972

835,113

CREDITORS

Amounts falling due within one year

8

912,745

656,237

NET CURRENT ASSETS

1,380,227

178,876

TOTAL ASSETS LESS CURRENT LIABILITIES

2,647,706

2,813,847

CREDITORS

Amounts falling due after more than one year

9

-

(607,655

)

PROVISIONS FOR LIABILITIES

(55,875

)

(74,097

)

NET ASSETS

2,591,831

2,132,095

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

51,376

51,376

Retained earnings

2,540,355

2,080,619

2,591,831

2,132,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and authorised for issue on 1 June 2020 and were signed on its behalf by:

W C Hockin - Director

1.	STATUTORY INFORMATION

William C Hockin (Transport) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investments in subsidiaries

Shares in subsidiaries are valued at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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

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 21 (2018 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2018

622,924

1,308,011

1,930,935

Additions

-

12,844

12,844

Disposals

-

(237,614

)

(237,614

)

At 30 September 2019

622,924

1,083,241

1,706,165

DEPRECIATION

At 1 October 2018

24,656

918,029

942,685

Charge for year

15,336

76,884

92,220

Eliminated on disposal

-

(205,753

)

(205,753

)

At 30 September 2019

39,992

789,160

829,152

NET BOOK VALUE

At 30 September 2019

582,932

294,081

877,013

At 30 September 2018

598,268

389,982

988,250

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2018

1,256,255

Disposals

(1,256,255

)

At 30 September 2019

-

NET BOOK VALUE

At 30 September 2019

-

At 30 September 2018

1,256,255

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2018

and 30 September 2019

390,466

NET BOOK VALUE

At 30 September 2019

390,466

At 30 September 2018

390,466

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

409,005

536,001

Other debtors

940,329

48,705

1,349,334

584,706

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Hire purchase contracts

-

5,088

Trade creditors

143,809

207,510

Taxation and social security

74,624

132,324

Other creditors

694,312

311,315

912,745

656,237

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.19

30.9.18

£

£

Hire purchase contracts

-

7,655

Other creditors

-

600,000

-

607,655

10.

RESERVES

Revaluation

reserve

£

At 1 October 2018

and 30 September 2019

51,376

11.	RELATED PARTY DISCLOSURES

Included in other creditors are amounts totalling £619,954 (2018 £836,218) due to the directors.