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Registration number: 11631560

Bocock Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 November 2020 to 31 January 2022

 

Bocock Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Bocock Limited

Company Information

Directors

P M Bocock

N Bocock

I Bocock

Registered office

Viking House
Spyvee Street
Hull
HU8 7JJ

 

Bocock Limited

(Registration number: 11631560)
Balance Sheet as at 31 January 2022

Note

2022
£

2020
£

Fixed assets

 

Investments

4

350,000

-

Current assets

 

Debtors

5

36

3

Creditors: Amounts falling due within one year

6

(59,833)

-

Net current (liabilities)/assets

 

(59,797)

3

Total assets less current liabilities

 

290,203

3

Creditors: Amounts falling due after more than one year

6

(291,667)

-

Net (liabilities)/assets

 

(1,464)

3

Capital and reserves

 

Called up share capital

36

3

Retained earnings

(1,500)

-

Shareholders' (deficit)/funds

 

(1,464)

3

For the financial period ending 31 January 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 3 August 2022 and signed on its behalf by:
 

.........................................
P M Bocock
Director

 

Bocock Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2020 to 31 January 2022

1

General information

The company is a incorporated in England and Wales and the company registration number is 11631560.

The address of its registered office is:
Viking House
Spyvee Street
Hull
HU8 7JJ

These financial statements were authorised for issue by the Board on 3 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Disclosure of long or short period

The accounting period has been extended to cover a period of 15 months. Results are therefore not entirely comparable.

Going concern

The Directors are aware that there is doubt over the ability of the Company to continue as a going concern due to the net current liabilities position of £59,797 and insolvent balance sheet total of £1,464.

The Directors have reviewed the financial statements along with future forecasts and are satisfied that the entity can continue to operate as a going concern. The Directors offer their full support to the entity.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Bocock Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2020 to 31 January 2022

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 3 (2020 - 3).

4

Investments

2022
£

2020
£

Investments in subsidiaries

350,000

-

Subsidiaries

£

Cost or valuation

Additions

350,000

Carrying amount

At 31 January 2022

350,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the Company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2022

2020

Subsidiary undertakings

Viking Hardware Limited

Viking House, Spyvee Street, Hull, HU8 7JJ.

England

Ordinary Shares

100%

0%

Subsidiary undertakings

Viking Hardware Limited

The principal activity of Viking Hardware Limited is the retail sale of hardware, paints and glass in specialised stores . The profit for the financial period of Viking Hardware Limited was £69,153 and the aggregate amount of Capital and reserves at the end of the period was £538,361.

5

Debtors

Current

2022
£

2020
£

Other debtors

36

3

 

Bocock Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2020 to 31 January 2022

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2020
£

Due within one year

 

Other creditors

 

23,333

-

Accruals and deferred income

 

36,500

-

 

59,833

-

Creditors: amounts falling due after more than one year

2022
£

2020
£

Due after one year

Deferred income

291,667

-

7

Related party transactions

Transactions with Directors

2022

At 1 November 2020
£

Advances to Director
£

At 31 January 2022
£

Unsecured, interest free, repayable on demand

3

33

36

       
     

 

Other transactions with Directors

At the year end, the amount due from the Directors was £36 (2021: £3). The amount is unsecured, interest free and repayable on demand.

Summary of transactions with subsidiaries

The Company has taken advantage of the exemptions available in FRS 102 Section 1a from disclosing transactions with their subsidiary, Viking Hardware Limited.