Company Registration No. 03773251 (England and Wales)
Haylock and Hunter Ltd
Unaudited accounts
for the year ended 31 March 2018
Haylock and Hunter Ltd
Unaudited accounts
Contents
Haylock and Hunter Ltd
Company Information
for the year ended 31 March 2018
Directors
Geoffrey Robert Hunter
Fenella Grace Walker Hunter
Company Number
03773251 (England and Wales)
Registered Office
67 Loughborough Road
West Bridgford
Nottingham
NG2 7LA
United Kingdom
Accountants
M.A.D. Accountants Ltd
Welbeck House
69 Loughborough Road
West Bridgford
Nottinghamshire
NG2 7LA
Haylock and Hunter Ltd
Statement of financial position
as at 31 March 2018
Tangible assets
1,238,200
1,209,434
Inventories
215,305
45,452
Cash at bank and in hand
58,439
104,217
Creditors: amounts falling due within one year
(169,215)
(81,566)
Net current assets
123,205
273,546
Total assets less current liabilities
1,361,405
1,482,980
Creditors: amounts falling due after more than one year
(864,831)
(993,278)
Net assets
496,574
489,702
Called up share capital
1,000
1,000
Share premium
193,000
193,000
Revaluation reserve
277,050
277,050
Profit and loss account
25,524
18,652
Shareholders' funds
496,574
489,702
For the year ending 31 March 2018 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 September 2018.
Geoffrey Robert Hunter
Director
Company Registration No. 03773251
Haylock and Hunter Ltd
Notes to the Accounts
for the year ended 31 March 2018
Haylock and Hunter Ltd is a private company, limited by shares, registered in England and Wales, registration number 03773251. The registered office is 67 Loughborough Road, West Bridgford, Nottingham, NG2 7LA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% straight line
Motor vehicles
25.00% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Haylock and Hunter Ltd
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2017
1,208,000
4,120
-
1,212,120
Additions
-
1,135
38,477
39,612
At 31 March 2018
1,208,000
5,255
38,477
1,251,732
At 1 April 2017
-
2,686
-
2,686
Charge for the year
-
1,227
9,619
10,846
At 31 March 2018
-
3,913
9,619
13,532
At 31 March 2018
1,208,000
1,342
28,858
1,238,200
At 31 March 2017
1,208,000
1,434
-
1,209,434
Work in progress
215,305
45,452
Trade debtors
7,932
20,833
Accrued income and prepayments
10,744
17,503
7
Creditors: amounts falling due within one year
2018
2017
Obligations under finance leases and hire purchase contracts
3,964
-
Trade creditors
11,966
41,145
Taxes and social security
2,485
872
Other creditors
29,644
37,269
Loans from directors
119,116
-
8
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
842,367
993,278
Obligations under finance leases and hire purchase contracts
22,464
-
Haylock and Hunter Ltd
Notes to the Accounts
for the year ended 31 March 2018
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
The loan has interest charged, and is repayable on demand
11
Transactions with related parties
During the year the company was owed money by the director Mr Geoffrey Hunter which was repaid in full, the company then borrowed money from the director, and has a balance outstanding at the year end of £119,116 (2016 was owed £166,140).
No interest has been charged. The loan is repayable on demand.
Control is exercised by Geoff Hunter the director and 90% shareholder.
13
Average number of employees
During the year the average number of employees was 3 (2017: 3).