Accounts filed on 30-11-2017


Registered number: 06685397






Colin Hancock Milking Machines Limited


ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2017
























Prepared By:
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU


Colin Hancock Milking Machines Limited


FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2017





DIRECTORS
Colin Hancock


REGISTERED OFFICE
Brooklawn
Jacksons Way
Goodwick
Pembrokeshire
SA64 0EN


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06685397



ACCOUNTANTS
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU


FINANCIAL STATEMENTS
FOR THEYEARENDED30 NOVEMBER 2017



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30 November 2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Intangible assets	2		24,000		32,000
Tangible assets	3		40,381		46,151

			64,381		78,151

CURRENT ASSETS
Stock		215,398		239,867
Debtors	5	224,419		160,340
Cash at bank and in hand		6,629		18,478
		446,446		418,685
CREDITORS: Amounts falling due within one year	6	332,542		306,891
NET CURRENT ASSETS			113,904		111,794
TOTAL ASSETS LESS CURRENT LIABILITIES			178,285		189,945


CREDITORS: Amounts falling due after more than one year	7		-		1,002


PROVISIONS FOR LIABILITIES AND CHARGES	9		7,513		9,023

NET ASSETS			170,772		179,920

CAPITAL AND RESERVES

Called up share capital	10		4		4
Profit and loss account			170,768		179,916
SHAREHOLDERS' FUNDS			170,772		179,920

For the year ending 30 November 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 28 August 2018 and signed on their behalf by



.............................
Colin Hancock
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 15%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Equipment		straight line 33%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




5. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	223,578	159,467
PAYE control	-	36
Prepayments	841	837
	224,419	160,340




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	-	9,742
VAT	32,373	15,966
Directors current account	186,727	190,247
Loans	1,002	4,008
Trade creditors	100,189	77,381
Other creditors	116	1,444
Accruals	6,650	1,650
Grants	5,485	6,453
	332,542	306,891




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2017	2016
	£	£
Loans >1yr	-	1,002
	-	1,002




10. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
4 Ordinary shares of £1 each	4	4
	4	4




11. CONTROLLING PARTY
The company is controlled by Mr & Mrs C Hancock by virtue of their 100% shareholding.




12. RELATED PARTY TRANSACTIONS
There were no related party transactions.