C & J Haycock Limited - Period Ending 2016-12-31

Registration number: 00588543

C & J Haycock Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

D A Green & Sons
Chartered Certified Accountants
12 The Broadway
St. Ives
Cambridgeshire
PE27 5BN

C & J Haycock Limited

Contents

Company Information	1
Accountants' Report	2
Statement of Comprehensive Income	3
Balance Sheet	4
Statement of Changes in Equity	5
Notes to the Financial Statements	6 to 8

C & J Haycock Limited

Company Information

Directors

Miss J A Haycock Mr C J Poole Mrs J E Haycock

Registered office

The Granary 3 The Maltings Kirton Ipswich Suffolk IP10 0GB

Accountants

D A Green & Sons Chartered Certified Accountants 12 The Broadway St. Ives Cambridgeshire PE27 5BN

Page 1

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
C & J Haycock Limited
for the Year Ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C & J Haycock Limited for the year ended 31 December 2016 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of C & J Haycock Limited, as a body, in accordance with the terms of our engagement letter dated 7 July 2005. Our work has been undertaken solely to prepare for your approval the accounts of C & J Haycock Limited and state those matters that we have agreed to state to the Board of Directors of C & J Haycock Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C & J Haycock Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that C & J Haycock Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of C & J Haycock Limited. You consider that C & J Haycock Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of C & J Haycock Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

D A Green & Sons
Chartered Certified Accountants
12 The Broadway
St. Ives
Cambridgeshire
PE27 5BN

30 April 2017

Page 2

C & J Haycock Limited

Statement of Comprehensive Income for the Year Ended 31 December 2016

	Note	2016 £	2015 £
Profit for the year		140,067	38,894
Total comprehensive income for the year		140,067	38,894

The notes on pages 6 to 8 form an integral part of these financial statements.

Page 3

C & J Haycock Limited

(Registration number: 00588543)
Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	4	357,685	357,785
Other financial assets	5	888,543	886,259
		1,246,228	1,244,044
Current assets
Debtors	6	-	913
Cash at bank and in hand		1,092,532	1,035,823
		1,092,532	1,036,736
Creditors: Amounts falling due within one year	7	(8,636)	(3,223)
Net current assets		1,083,896	1,033,513
Net assets		2,330,124	2,277,557
Capital and reserves
Called up share capital		88,000	88,000
Profit and loss account		2,242,124	2,189,557
Total equity		2,330,124	2,277,557

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 April 2017 and signed on its behalf by:
 

.........................................

Mrs J E Haycock

Director

The notes on pages 6 to 8 form an integral part of these financial statements.

Page 4

C & J Haycock Limited

Statement of Changes in Equity for the Year Ended 31 December 2016

	Share capital £	Profit and loss account £	Total £
At 1 January 2016	88,000	2,189,557	2,277,557
Profit for the year	-	140,067	140,067
Total comprehensive income	-	140,067	140,067
Dividends	-	(87,500)	(87,500)
At 31 December 2016	88,000	2,242,124	2,330,124

	Share capital £	Profit and loss account £	Total £
At 1 January 2015	88,000	2,198,663	2,286,663
Profit for the year	-	38,894	38,894
Total comprehensive income	-	38,894	38,894
Dividends	-	(48,000)	(48,000)
At 31 December 2015	88,000	2,189,557	2,277,557

The notes on pages 6 to 8 form an integral part of these financial statements.

Page 5

C & J Haycock Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
The Granary
3 The Maltings
Kirton
Ipswich
Suffolk
IP10 0GB

These financial statements were authorised for issue by the Board on 30 April 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fuxtures and fittings	10 years straight line basis

Investments

Investments are stated at cost less any provision for impairment

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 6

C & J Haycock Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2015 - 3).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2016	356,885	1,000	357,885
At 31 December 2016	356,885	1,000	357,885
Depreciation
At 1 January 2016	-	100	100
Charge for the year	-	100	100
At 31 December 2016	-	200	200
Carrying amount
At 31 December 2016	356,885	800	357,685
At 31 December 2015	356,885	900	357,785

Included within the net book value of land and buildings above is £356,885 (2015 - £356,885) in respect of freehold land and buildings.
 

Page 7

C & J Haycock Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2016	886,260	886,260
Additions	160,283	160,283
Disposals	(158,000)	(158,000)
At 31 December 2016	888,543	888,543
Impairment
Carrying amount
At 31 December 2016	888,543	888,543

The market value of investments at the year end was £1,367,659 (2015 - £1,365,063).

6

Debtors

	2016 £	2015 £
Other debtors	-	913
Total current trade and other debtors	-	913

7

Creditors

	Note	2016 £	2015 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		100	607
Other creditors		8,536	2,616
		8,636	3,223

8

Dividends

Final dividends paid

	2016 £	2015 £
Final dividend of £0.99 (2015 - £0.55) per each Ordinary share	87,500.00	48,000.00

Page 8