Accounts filed on 31-12-2019


Registered number: 01431484






HUGH PRICHARD & CO (NOTTINGHAM) LTD


ACCOUNTS

FOR THE YEAR ENDED 31/12/2019
























Prepared By:
PRIMUS ACCOUNTING LTD
ACCOUNTS
896 WOODBOROUGH ROAD
NOTTINGHAM
NG3 5QR


HUGH PRICHARD & CO (NOTTINGHAM) LTD


ACCOUNTS
FOR THE YEAR ENDED 31/12/2019





DIRECTORS
HERBAJAN SINGH


REGISTERED OFFICE
UNIT 1, PRICHARD FACTORY
THIRD AVE, GREASLEY STREET
NOTTINGHAM
NG6 8NG


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01431484



ACCOUNTANTS
PRIMUS ACCOUNTING LTD
ACCOUNTS
896 WOODBOROUGH ROAD
NOTTINGHAM
NG3 5QR


ACCOUNTS
FOR THEYEARENDED31/12/2019



CONTENTS



		Page

Directors' 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 31/12/2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Tangible assets	3		336,574		7,650

CURRENT ASSETS
Stock		32,938		85,213
Debtors	6	134,320		70,960
Cash at bank and in hand		20,187		3,251
		187,445		159,424
CREDITORS: Amounts falling due within one year	7	406,072		28,485
NET CURRENT (LIABILITIES) / ASSETS			(218,627)		130,939
TOTAL ASSETS LESS CURRENT LIABILITIES			117,947		138,589

CAPITAL AND RESERVES

Called up share capital	8		30,000		30,000
Profit and loss account			87,947		108,589
SHAREHOLDERS' FUNDS			117,947		138,589

For the year ending 31/12/2019 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 26/08/2020 and signed on their behalf by



.............................
HERBAJAN SINGH
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		straight line 10%
Fixtures and Fittings		straight line 25%




1c. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.




1d. 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.




1e. 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.




6. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	7,663	706
VAT	59,870	2,422
Amounts due from group companies	66,787	66,787
Prepayments	-	1,045
	134,320	70,960




7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
NIC control	1,075	1,138
Directors current account	387,313	12,278
Trade creditors	17,684	9,989
Accruals	-	5,080
	406,072	28,485




8. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
30000 Ordinary shares of £1 each	30000	30000
	30,000	30,000