The Hutson Motor Company Ltd - Accounts to registrar (filleted) - small 17.3
The Hutson Motor Company Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| FOR |
| THE HUTSON MOTOR COMPANY LTD |
| THE HUTSON MOTOR COMPANY LTD (REGISTERED NUMBER: 02007723) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| THE HUTSON MOTOR COMPANY LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| THE HUTSON MOTOR COMPANY LTD (REGISTERED NUMBER: 02007723) |
| BALANCE SHEET |
| 31 MARCH 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 7 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their 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 HUTSON MOTOR COMPANY LTD (REGISTERED NUMBER: 02007723) |
| BALANCE SHEET - continued |
| 31 MARCH 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| THE HUTSON MOTOR COMPANY LTD (REGISTERED NUMBER: 02007723) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| The Hutson Motor Company Ltd is a |
| 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 |
| This is the first year in which the financial statements have been prepared under FRS102. |
| The financial statements are presented in Sterling (£). |
| PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS |
| The financial statements contain information about The Hutson Motor Company Ltd as an individual company |
| and do not contain consolidated financial information as the parent of a group. The company has taken the option |
| under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| RELATED PARTY EXEMPTION |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
| transactions with wholly owned subsidiaries within the group. |
| TURNOVER |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| TANGIBLE FIXED ASSETS |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| STOCKS |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 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. |
| 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. |
| The financial statements are prepared on the going concern basis which assumes that the company will continue |
| to trade. However, the validity of the going concern is dependent upon the continued support of the holding |
| company. |
| THE HUTSON MOTOR COMPANY LTD (REGISTERED NUMBER: 02007723) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Cost or valuation at 31 March 2017 is represented by: |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| Valuation in 1988 | 218,460 | - | - | 218,460 |
| Cost | 6,540 | 150,738 | 26,656 | 183,934 |
| 225,000 | 150,738 | 26,656 | 402,394 |
| If freehold land and buildings had not been revalued they would have been included at the following historical |
| cost: |
| 2017 | 2016 |
| £ | £ |
| Cost | 151,501 | 151,501 |
| Aggregate depreciation | 83,250 | 80,550 |
| Value of land in freehold land and buildings | 16,501 | 16,501 |
| Freehold land and buildings were valued on an open market basis on 1 April 1988 by Eddisons, Valuers of Leeds |
| . |
| THE HUTSON MOTOR COMPANY LTD (REGISTERED NUMBER: 02007723) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 April 2016 |
| Transfer to P & L account | (1,470 | ) |
| At 31 March 2017 |
| 8. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is Mr M Hutson by virtue of his family's controlling interest in the equity share |
| capital of the company. |