Accounts filed on 30-11-2020


Registered number: 06685397






Colin Hancock Milking Machines Limited


ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2020
























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 2020





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 2020



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 2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Intangible assets	2		-		8,000
Tangible assets	3		44,242		35,402

			44,242		43,402

CURRENT ASSETS
Stock		97,411		107,201
Debtors	5	33,077		104,648
Cash at bank and in hand		99,680		40,805
		230,168		252,654
CREDITORS: Amounts falling due within one year	6	81,426		134,399
NET CURRENT ASSETS			148,742		118,255
TOTAL ASSETS LESS CURRENT LIABILITIES			192,984		161,657


CREDITORS: Amounts falling due after more than one year	7		46,150		-


PROVISIONS FOR LIABILITIES AND CHARGES	9		5,616		6,619

NET ASSETS			141,218		155,038

CAPITAL AND RESERVES

Called up share capital	10		4		4
Profit and loss account			141,214		155,034
SHAREHOLDERS' FUNDS			141,218		155,038

For the year ending 30 November 2020 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 19 February 2021 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%




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	2020	2019
	£	£
Amounts falling due within one year
Trade debtors	31,548	103,843
Prepayments	1,529	805
	33,077	104,648




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
UK corporation tax	3,766	-
VAT	29,555	30,920
Directors current account	27,745	78,920
Bank Loan	3,850	-
Trade creditors	11,392	18,846
Accruals	1,750	1,750
Grants	3,368	3,963
	81,426	134,399




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2020	2019
	£	£
Bank loans (unsecured) >1yr	46,150	-
	46,150	-




10. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
4 Ordinary shares of £1 each	4	4
	4	4




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




12. CORONOVIRUS
The company received a £10,000 grant from Pembrokeshire County Council in respect of the initial lockdown in April 2020 and a further £1,000 firebreak lockdown support in November 2020.
Job Retention Scheme receipts amounted to £17,565 in respect of the year ended 30 November 2020. The company also received governmnet support of £417 in respect of Business Bounceback Loan interest met by the UK Government on the loan advance of £50,000.