Hogarth Coachworks Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02883550 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2018

FOR

HOGARTH COACHWORKS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Hogarth

REGISTERED OFFICE:

Unit 10

Durham Road Trading Estate

Durham Road

Birtley

County Durham

DH3 2BQ

REGISTERED NUMBER:

02883550 (England and Wales)

ACCOUNTANTS:

Robson Laidler (Durham) Limited

Accountants

Hadrian House

Front Street

Chester le Street

County Durham

DH3 3DB

FIXED ASSETS

Tangible assets

4

201,752

127,107

CURRENT ASSETS

Stocks

49,876

24,533

Debtors

5

1,042,424

808,177

Cash at bank and in hand

4,725

95,658

1,097,025

928,368

CREDITORS

Amounts falling due within one year

6

653,600

422,024

NET CURRENT ASSETS

443,425

506,344

TOTAL ASSETS LESS CURRENT LIABILITIES

645,177

633,451

CREDITORS

Amounts falling due after more than one year

7

(37,829

)

(14,195

)

PROVISIONS FOR LIABILITIES

(24,895

)

(19,315

)

NET ASSETS

582,453

599,941

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

582,451

599,939

582,453

599,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 23 July 2019 and were signed by:

S Hogarth - Director

1.	STATUTORY INFORMATION

Hogarth Coachworks Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Rounding is to the nearest whole pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over life of lease

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

at varying rates on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2017 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2017

42,853

53,493

130,895

13,229

240,470

Additions

18,123

50,793

26,560

8,961

104,437

At 31 October 2018

60,976

104,286

157,455

22,190

344,907

DEPRECIATION

At 1 November 2017

4,142

24,774

74,664

9,783

113,363

Charge for year

1,124

6,465

18,184

4,019

29,792

At 31 October 2018

5,266

31,239

92,848

13,802

143,155

NET BOOK VALUE

At 31 October 2018

55,710

73,047

64,607

8,388

201,752

At 31 October 2017

38,711

28,719

56,231

3,446

127,107

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

586,187

543,957

Amounts owed by group undertakings

113,586

151,612

Amounts recoverable on contract

44,347

61,601

Other debtors

298,304

51,007

1,042,424

808,177

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

35,772

-

Hire purchase contracts

31,402

17,992

Trade creditors

447,508

241,379

Taxation and social security

101,201

116,752

Other creditors

37,717

45,901

653,600

422,024

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

37,829

14,195

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Hire purchase contracts

69,231

32,187

9.	OTHER FINANCIAL COMMITMENTS

On 25 April 2016 the company entered into a composite guarantee agreement with HSBC Bank plc to

secure all borrowings from all the companies within the S Hogarth Holdings Limited Group. At the year

end there was no indication that there would be any liability arising from the guarantee.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2018

and 31 October 2017:

2018

2017

£

£

S Hogarth

Balance outstanding at start of year

35,000

30,000

Amounts advanced

31,000

5,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

66,000

35,000