Company Registration No. 01197438 (England and Wales)
Hocklynn Limited
Unaudited accounts
for the year ended 30 April 2024
Hocklynn Limited
Unaudited accounts
Contents
Hocklynn Limited
Company Information
for the year ended 30 April 2024
Director
Richard Paul Locke
Company Number
01197438 (England and Wales)
Registered Office
Unit 6 Eastpark Trading Estate
Gordon Road Whitehall
Bristol
BS5 7DR
Accountants
Evans Entwistle
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
Hocklynn Limited
Statement of financial position
as at 30 April 2024
Tangible assets
149,204
213,222
Cash at bank and in hand
265,486
182,305
Creditors: amounts falling due within one year
(198,351)
(204,335)
Net current assets
242,224
169,978
Total assets less current liabilities
391,428
383,200
Creditors: amounts falling due after more than one year
(32,098)
(57,967)
Provisions for liabilities
Deferred tax
(37,301)
(40,512)
Net assets
322,029
284,721
Called up share capital
9
9
Profit and loss account
322,020
284,712
Shareholders' funds
322,029
284,721
For the year ending 30 April 2024 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 12 August 2024 and were signed on its behalf by
Richard Paul Locke
Director
Company Registration No. 01197438
Hocklynn Limited
Notes to the Accounts
for the year ended 30 April 2024
Hocklynn Limited is a private company, limited by shares, registered in England and Wales, registration number 01197438. The registered office is Unit 6 Eastpark Trading Estate, Gordon Road Whitehall, Bristol, BS5 7DR.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Hocklynn Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
851,431
69,148
4,581
10,551
935,711
Additions
10,193
-
-
-
10,193
Disposals
(102,919)
(69,148)
-
-
(172,067)
At 30 April 2024
758,705
-
4,581
10,551
773,837
At 1 May 2023
649,188
58,608
4,198
10,495
722,489
Charge for the year
49,967
-
96
14
50,077
On disposals
(89,325)
(58,608)
-
-
(147,933)
At 30 April 2024
609,830
-
4,294
10,509
624,633
At 30 April 2024
148,875
-
287
42
149,204
At 30 April 2023
202,243
10,540
383
56
213,222
Amounts falling due within one year
Trade debtors
120,505
117,363
Accrued income and prepayments
8,803
7,724
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
31,539
29,813
Trade creditors
66,608
95,891
Taxes and social security
66,586
27,759
Other creditors
485
21,308
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
826
Hocklynn Limited
Notes to the Accounts
for the year ended 30 April 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
37,301
40,512
Provision at start of year
40,512
40,512
Credited to the profit and loss account
(3,211)
-
Provision at end of year
37,301
40,512
Allotted, called up and fully paid:
900 Ordinary A shares of £0.01 each
9.00
8.97
- Ordinary B shares of £0.01 each
-
0.01
- Ordinary C shares of £0.01 each
-
0.01
- Ordinary D shares of £0.01 each
-
0.01
Shares issued during the period:
3 Ordinary A shares of £0.01 each
0.03
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).