H.G.Tincknell Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 00582839 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

H.G.TINCKNELL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T G Tincknell

Mrs J M Tincknell

SECRETARY:

Mrs J M Tincknell

REGISTERED OFFICE:

Mitchells Chartered Accountants

St. John's House

Taunton

Somerset

TA1 4AY

REGISTERED NUMBER:

00582839 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

BANKERS:

National Westminster Bank Plc

9 York Buildings

Cornhill

Bridgwater

Somerset

TA8 1PA

FIXED ASSETS

Intangible assets

4

11,207

-

Tangible assets

5

1,394,696

1,361,401

Investments

6

55,450

52,153

1,461,353

1,413,554

CURRENT ASSETS

Stocks

205,092

225,030

Debtors

7

34,453

43,779

239,545

268,809

CREDITORS

Amounts falling due within one year

8

707,387

766,412

NET CURRENT LIABILITIES

(467,842

)

(497,603

)

TOTAL ASSETS LESS CURRENT LIABILITIES

993,511

915,951

CREDITORS

Amounts falling due after more than one year

9

(473,023

)

(470,196

)

PROVISIONS FOR LIABILITIES

(42,540

)

(38,673

)

NET ASSETS

477,948

407,082

CAPITAL AND RESERVES

Called up share capital

704

704

Share premium

650

650

Retained earnings

476,594

405,728

SHAREHOLDERS' FUNDS

477,948

407,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

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

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 20 June 2018 and were signed on its behalf by:

T G Tincknell - Director

Mrs J M Tincknell - Director

1.	STATUTORY INFORMATION

H.G.Tincknell 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Basic Payment entitlements are being amortised evenly over their estimated useful life of three 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 etc

-

25% on reducing balance and 15% on reducing balance

Stocks

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

moving items.

For livestock raised by the company, the following amounts are used as an estimate of cost:

Cattle - 60% of the market value at the balance sheet date

Sheep - 75% of the market value at the balance sheet date

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 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.

Hire purchase agreements

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

of the future payments is treated as a liability.

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair

value. The capital element of the future payments is treated as a liability and the interest is charged to the profit

and loss account on a straight line basis.

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.

Fixed asset investments

Fixed asset investments are stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

16,811

At 30 September 2017

16,811

AMORTISATION

Charge for year

5,604

At 30 September 2017

5,604

NET BOOK VALUE

At 30 September 2017

11,207

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2016

1,105,241

657,658

1,762,899

Additions

-

111,957

111,957

Disposals

-

(83,846

)

(83,846

)

At 30 September 2017

1,105,241

685,769

1,791,010

DEPRECIATION

At 1 October 2016

-

401,498

401,498

Charge for year

-

50,039

50,039

Eliminated on disposal

-

(55,223

)

(55,223

)

At 30 September 2017

-

396,314

396,314

NET BOOK VALUE

At 30 September 2017

1,105,241

289,455

1,394,696

At 30 September 2016

1,105,241

256,160

1,361,401

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

Plant and

machinery

etc

£

COST

At 1 October 2016

112,872

Additions

59,250

Disposals

(50,426

)

At 30 September 2017

121,696

DEPRECIATION

At 1 October 2016

70,118

Charge for year

19,544

Eliminated on disposal

(29,153

)

At 30 September 2017

60,509

NET BOOK VALUE

At 30 September 2017

61,187

At 30 September 2016

42,754

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2016

52,153

Additions

3,297

At 30 September 2017

55,450

NET BOOK VALUE

At 30 September 2017

55,450

At 30 September 2016

52,153

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

21,173

30,170

Other debtors

13,280

13,609

34,453

43,779

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts

56,019

113,702

Hire purchase contracts

16,845

16,104

Trade creditors

22,971

35,723

Taxation and social security

23,149

18,486

Other creditors

588,403

582,397

707,387

766,412

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Hire purchase contracts

19,097

6,429

Other creditors

453,926

463,767

473,023

470,196

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.17

30.9.16

£

£

Bank overdrafts

56,019

113,702

Other loans

453,926

463,767

509,945

577,469

All amounts owed to National Westminster Bank Plc being the bank loan and overdraft are secured by fixed

charges over freehold property and floating charges over all plant and machinery, goodwill and licences.

11.	RELATED PARTY DISCLOSURES