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Company Registration No. 01197438 (England and Wales)
Hocklynn Limited Unaudited accounts for the year ended 30 April 2024
Hocklynn Limited Unaudited accounts Contents
Page
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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
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Hocklynn Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
149,204 
213,222 
Current assets
Inventories
45,781 
66,921 
Debtors
129,308 
125,087 
Cash at bank and in hand
265,486 
182,305 
440,575 
374,313 
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 
Capital and reserves
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
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Hocklynn Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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 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
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 taxation
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.
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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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 
Depreciation
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 
Net book value
At 30 April 2024
148,875 
- 
287 
42 
149,204 
At 30 April 2023
202,243 
10,540 
383 
56 
213,222 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
120,505 
117,363 
Accrued income and prepayments
8,803 
7,724 
129,308 
125,087 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
31,539 
29,813 
VAT
31,183 
25,447 
Trade creditors
66,608 
95,891 
Taxes and social security
66,586 
27,759 
Other creditors
485 
21,308 
Accruals
1,950 
4,117 
198,351 
204,335 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,098 
57,141 
Loans from directors
- 
826 
32,098 
57,967 
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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 
2024 
2023 
£ 
£ 
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 
9
Share capital
2024 
2023 
£ 
£ 
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 
9.00 
9.00 
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).
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