W J Hiscock & Son Limited - Accounts to registrar (filleted) - small 18.1
W J Hiscock & Son Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2018 |
| for |
| W J Hiscock & Son Limited |
| W J Hiscock & Son Limited (Registered number: 00095096) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| W J Hiscock & Son Limited |
| Company Information |
| for the Year Ended 31 March 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Mills |
| Canal Street |
| Derby |
| DE1 2RJ |
| W J Hiscock & Son Limited (Registered number: 00095096) |
| Balance Sheet |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| Retained earnings | 10 |
| 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. |
| W J Hiscock & Son Limited (Registered number: 00095096) |
| Balance Sheet - continued |
| 31 March 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| W J Hiscock & Son Limited (Registered number: 00095096) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| W J Hiscock & Son Limited is a |
| 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 |
| Turnover |
| Turnover represents the value for use of premises supplied during the year. Fees receivable and |
| services for the use of premises are accounted for in the year in which the services are provided. |
| Investment property |
| Investment property is not depreciated but is revalued annually at its fair value, in accordance with the |
| Financial Reporting Standard 102 (Section 1a). Any aggregate surplus or deficit arising from changes |
| in fair value are taken to the profit and loss account and transferred to a revaluation reserve. |
| Work in progress |
| Work in progress represents the cost of land and all relevant development costs to date, valued at the |
| lower of cost and net realisable value. |
| Cost is based on purchase invoice price and net realisable value is based on the estimated selling |
| price less further costs expected to be incurred to completion and disposal. |
| Deferred tax |
| Provision is made at current rates for taxation deferred in respect of all material timing differences, |
| including provisions made for potential tax arising on assets which have been revalued. |
| Pension costs and other post-retirement benefits |
| The company operates defined benefit contribution schemes. Contributions payable to the company's |
| pension schemes are charged to the profit and loss account in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| Additions |
| At 31 March 2018 |
| DEPRECIATION |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| W J Hiscock & Son Limited (Registered number: 00095096) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| Fair value at 31 March 2018 is represented by: |
| £ |
| Valuation in 2018 | 4,043,000 |
| If investment property had not been revalued it would have been included at the following historical |
| cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 2,786,987 | 2,465,987 |
| Aggregate depreciation | (656,412 | ) | (604,452 | ) |
| Investment property was valued on a fair value basis on 31 March 2018 by the directors . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Tax |
| Social security and other taxes |
| Accruals and deferred income |
| W J Hiscock & Son Limited (Registered number: 00095096) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Other loans |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| 10. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2017 | 1,768,433 |
| Profit for the year | - |
| Dividends | ( |
) | - | ( |
) |
| Transfer deferred tax movement | (5,000 | ) | 5,000 | - |
| At 31 March 2018 | 1,805,531 |