The Hatchwell Company Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03531752 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

The Hatchwell Company Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Taylor

REGISTERED OFFICE:

Riverside Industrial Estate

Rishton

Lancashire

BB1 4NF

REGISTERED NUMBER:

03531752 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

BANKERS:

Barclays Bank PLC

Burnley Business Centre

P.O. Box No 20

72/78 St James Street

Burnley

Lancashire

BB11 1NH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

98,163

113,085

98,163

113,085

CURRENT ASSETS

Stocks

183,417

185,355

Debtors

28,845

32,412

Cash at bank and in hand

67,205

83,134

279,467

300,901

CREDITORS

Amounts falling due within one year

147,753

162,072

NET CURRENT ASSETS

131,714

138,829

TOTAL ASSETS LESS CURRENT LIABILITIES

229,877

251,914

CREDITORS

Amounts falling due after more than one year

(7,536

)

(15,073

)

PROVISIONS FOR LIABILITIES

(18,066

)

(21,866

)

NET ASSETS

204,275

214,975

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Retained earnings

189,275

199,975

SHAREHOLDERS' FUNDS

204,275

214,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 2 June 2017 and were signed by:

D Taylor - Director

1.	STATUTORY INFORMATION

The Hatchwell Company Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Trademarks

Trademarks, being the amount paid in connection with the acquisition of a trademark in 2006, is being amortised

evenly over its life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

12.5% on reducing balance

Fixtures and fittings

-

12.5% on reducing balance

Computer equipment

-

Straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and are

depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

26,350

AMORTISATION

At 1 April 2016

and 31 March 2017

26,350

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

360,855

Additions

6,857

Disposals

(80,850

)

At 31 March 2017

286,862

DEPRECIATION

At 1 April 2016

247,770

Charge for year

16,630

Eliminated on disposal

(75,701

)

At 31 March 2017

188,699

NET BOOK VALUE

At 31 March 2017

98,163

At 31 March 2016

113,085

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2016

61,682

Transfer to ownership

(28,187

)

At 31 March 2017

33,495

DEPRECIATION

At 1 April 2016

23,010

Charge for year

7,109

Transfer to ownership

(19,062

)

At 31 March 2017

11,057

NET BOOK VALUE

At 31 March 2017

22,438

At 31 March 2016

38,672

6.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/17

31/3/16

£

£

Hire purchase contracts

15,072

26,898

7.	CONTROLLING INTEREST

The company is under the control of Mr D Taylor, director of the company, as he owns 100% of the issued share

capital.