Accounts filed on 30-11-2019


Registered number: 06685397






Colin Hancock Milking Machines Limited


ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2019
























Prepared By:
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU


Colin Hancock Milking Machines Limited


ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2019





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


ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2019



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30 November 2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Intangible assets	2		8,000		16,000
Tangible assets	3		35,402		32,909

			43,402		48,909

CURRENT ASSETS
Stock		107,201		141,584
Debtors	5	104,648		143,876
Cash at bank and in hand		40,805		107,678
		252,654		393,138
CREDITORS: Amounts falling due within one year	6	134,399		264,747
NET CURRENT ASSETS			118,255		128,391
TOTAL ASSETS LESS CURRENT LIABILITIES			161,657		177,300


PROVISIONS FOR LIABILITIES AND CHARGES	8		6,619		6,122

NET ASSETS			155,038		171,178

CAPITAL AND RESERVES

Called up share capital	9		4		4
Profit and loss account			155,034		171,174
SHAREHOLDERS' FUNDS			155,038		171,178

For the year ending 30 November 2019 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 31 July 2020 and signed on their behalf by



.............................
Colin Hancock
Director

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 Machinery		reducing balance 15%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		straight 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.




5. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	103,843	143,147
Prepayments	805	729
	104,648	143,876




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
UK corporation tax	-	4,239
VAT	30,920	34,767
Directors current account	78,920	182,093
Trade creditors	18,846	37,120
Accruals	1,750	1,866
Grants	3,963	4,662
	134,399	264,747




9. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
4 Ordinary shares of £1 each	4	4
	4	4




10. CONTROLLING PARTY
The company is controlled by Mr & Mrs C Hancock by virtue of their 100% shareholding.