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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
Page
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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
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Haylock and Hunter Ltd Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,238,200 
1,209,434 
Current assets
Inventories
215,305 
45,452 
Debtors
18,676 
205,443 
Cash at bank and in hand
58,439 
104,217 
292,420 
355,112 
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 
Capital and reserves
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
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Haylock and Hunter Ltd Notes to the Accounts for the year ended 31 March 2018
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Pension costs
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.
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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 
Depreciation
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 
Net book value
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 
5
Inventories
2018 
2017 
£ 
£ 
Work in progress
215,305 
45,452 
215,305 
45,452 
6
Debtors
2018 
2017 
£ 
£ 
Trade debtors
7,932 
20,833 
Accrued income and prepayments
10,744 
17,503 
Other debtors
- 
167,107 
18,676 
205,443 
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 
- 
Accruals
2,040 
2,280 
169,215 
81,566 
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 
- 
864,831 
993,278 
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Haylock and Hunter Ltd Notes to the Accounts for the year ended 31 March 2018
9
Share capital
2018 
2017 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10
Loans to directors
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.
12
Controlling party
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).
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