| Hoist & Co Fencing Limited |
| Data not obtained from trial balance |
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| Enter data in the white spaces Enter numbers as + unless indicated |
Current year |
Comparative |
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| Units (eg £ or £000) |
£ |
include a trailing space |
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| Company registration number |
05074754 |
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Date |
| Approval date of the accounts by the board |
29/07/2021 |
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Date |
| Date of signing on the audit/accountants report |
29/07/2021 |
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| Date of engagement letter (required for |
Date |
| CA and ACCA reports) |
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| Person signing directors' report: |
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Name of director |
J Howell |
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Or, name of secretary |
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| Name of director signing balance sheet |
J Howell |
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| Address of registered office: |
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Address line 1 |
Bonnyacre Farm |
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Address line 2 |
Wrotham Road |
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City or town |
Culverstone |
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County or region |
Kent |
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Postcode |
DA13 0RF |
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| Name of senior statutory auditor |
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| Name of auditors/accountants |
Malcolm Horton & Co |
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| Type of firm (eg Chartered Accountants) |
Chartered Accountants |
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| Address of auditors/accountants |
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Address line 1 |
57 Windmill Street |
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Address line 2 |
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City or town |
Gravesend |
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County or region |
Kent |
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Postcode |
DA12 1BB |
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| Prior year adjustments (+ for a gain; - for a loss) |
£ |
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Correction of prior year errors |
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Effect of retrospective changes in accounting policies |
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More info on prior year adjustments |
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| Number |
Number |
| Average number of persons employed by the company |
8 |
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8 |
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| Freehold land & buildings if |
| revalued amounts shown in trial balance: |
£ |
£ |
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historical cost |
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cumulative depreciation based on cost |
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| Historical cost of fixed asset investments |
£ |
£ |
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Investments in subsidiaries |
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Other investments |
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£ |
| Amounts due after more than one year included in debtors |
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| Amounts included in creditors falling due for payment |
| after more than five years: |
£ |
£ |
| Payable otherwise than by installment |
| Payable by installment |
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| £ |
£ |
| Secured bank loans included in creditors |
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| Capital commitments: |
£ |
£ |
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contracted |
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| Total future payments due under non-cancellable |
£ |
£ |
| operating leases |
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| Hoist & Co Fencing Limited |
| Registered number: |
05074754 |
| Balance Sheet |
| as at 31 March 2021 |
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| Notes |
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2021 |
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2020 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
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3,305 |
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6,609 |
| Tangible assets |
4 |
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50,990 |
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40,569 |
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54,295 |
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47,178 |
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| Current assets |
| Stocks |
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79,750 |
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97,364 |
| Debtors |
5 |
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10,102 |
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27,999 |
| Cash at bank and in hand |
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150,300 |
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69,118 |
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240,152 |
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194,481 |
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| Creditors: amounts falling due within one year |
6 |
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(115,781) |
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(112,981) |
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| Net current assets |
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124,371 |
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81,500 |
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| Total assets less current liabilities |
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178,666 |
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128,678 |
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| Creditors: amounts falling due after more than one year |
7 |
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(50,000) |
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(11,992) |
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| Net assets |
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128,666 |
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116,686 |
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| Capital and reserves |
| Called up share capital |
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2 |
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2 |
| Profit and loss account |
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128,664 |
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116,684 |
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| Shareholders' funds |
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128,666 |
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116,686 |
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| 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. |
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| J Howell |
| Director |
| Approved by the board on 29 July 2021 |
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| Hoist & Co Fencing Limited |
| Notes to the Accounts |
| for the year ended 31 March 2021 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Stocks |
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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. |
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Creditors |
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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. |
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| 2 |
Employees |
2021 |
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2020 |
| Number |
Number |
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Average number of persons employed by the company |
8 |
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8 |
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| 3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 1 April 2020 |
41,000 |
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At 31 March 2021 |
41,000 |
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Amortisation |
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At 1 April 2020 |
34,391 |
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Provided during the year |
3,304 |
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At 31 March 2021 |
37,695 |
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Net book value |
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At 31 March 2021 |
3,305 |
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At 31 March 2020 |
6,609 |
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Goodwill is being written off on 25% Reducing Balance |
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| 4 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Motor vehicles |
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Total |
| £ |
£ |
£ |
£ |
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Cost |
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At 1 April 2020 |
18,671 |
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33,526 |
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58,583 |
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110,780 |
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Additions |
- |
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12,231 |
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9,651 |
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21,882 |
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At 31 March 2021 |
18,671 |
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45,757 |
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68,234 |
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132,662 |
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Depreciation |
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At 1 April 2020 |
3,620 |
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24,715 |
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41,876 |
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70,211 |
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Charge for the year |
1,363 |
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3,509 |
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6,589 |
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11,461 |
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At 31 March 2021 |
4,983 |
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28,224 |
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48,465 |
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81,672 |
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Net book value |
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At 31 March 2021 |
13,688 |
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17,533 |
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19,769 |
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50,990 |
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At 31 March 2020 |
15,051 |
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8,811 |
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16,707 |
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40,569 |
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| 5 |
Debtors |
2021 |
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2020 |
| £ |
£ |
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Trade debtors |
- |
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26,019 |
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Other debtors |
10,102 |
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1,980 |
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10,102 |
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27,999 |
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| 6 |
Creditors: amounts falling due within one year |
2021 |
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2020 |
| £ |
£ |
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Trade creditors |
72,672 |
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52,734 |
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Taxation and social security costs |
34,358 |
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46,953 |
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Other creditors |
8,751 |
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13,294 |
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115,781 |
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112,981 |
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| 7 |
Creditors: amounts falling due after one year |
2021 |
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2020 |
| £ |
£ |
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Bank loans |
50,000 |
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11,992 |
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| 8 |
Other information |
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Hoist & Co Fencing Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Bonnyacre Farm |
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Wrotham Road |
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Culverstone |
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Kent |
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DA13 0RF |
