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

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


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REGISTERED NUMBER: 02883550(England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

HOGARTH COACHWORKS LIMITED

HOGARTH COACHWORKS LIMITED (REGISTERED NUMBER: 02883550)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOGARTH COACHWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2019







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

HOGARTH COACHWORKS LIMITED (REGISTERED NUMBER: 02883550)

BALANCE SHEET
31 OCTOBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,974 201,752

CURRENT ASSETS
Stocks 32,489 49,876
Debtors 5 1,170,176 1,042,424
Cash at bank and in hand 1,065 4,725
1,203,730 1,097,025
CREDITORS
Amounts falling due within one year 6 739,070 653,600
NET CURRENT ASSETS 464,660 443,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,634

645,177

CREDITORS
Amounts falling due after more than one
year

7

(19,520

)

(37,829

)

PROVISIONS FOR LIABILITIES (22,749 ) (24,895 )
NET ASSETS 611,365 582,453

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 611,363 582,451
611,365 582,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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.

HOGARTH COACHWORKS LIMITED (REGISTERED NUMBER: 02883550)

BALANCE SHEET - continued
31 OCTOBER 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 8 July 2020and were
signed by:





S Hogarth- Director


HOGARTH COACHWORKS LIMITED (REGISTERED NUMBER: 02883550)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019

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 Statement of
Income and Retained Earnings, 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.

HOGARTH COACHWORKS LIMITED (REGISTERED NUMBER: 02883550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2019

2. ACCOUNTING POLICIES - continued

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(2018 - 40) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2018 60,976 104,286 157,455 22,190 344,907
Additions - 24,732 - 1,777 26,509
Disposals - - (14,814 ) - (14,814 )
At 31 October 2019 60,976 129,018 142,641 23,967 356,602
DEPRECIATION
At 1 November 2018 5,266 31,239 92,848 13,802 143,155
Charge for year 1,380 14,667 18,225 5,015 39,287
Eliminated on disposal - - (14,814 ) - (14,814 )
At 31 October 2019 6,646 45,906 96,259 18,817 167,628
NET BOOK VALUE
At 31 October 2019 54,330 83,112 46,382 5,150 188,974
At 31 October 2018 55,710 73,047 64,607 8,388 201,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 754,295 586,187
Amounts owed by group undertakings 264,012 113,586
Amounts recoverable on contract 62,768 44,347
Other debtors 89,101 298,304
1,170,176 1,042,424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 79,503 35,772
Hire purchase contracts 18,309 31,402
Trade creditors 387,380 447,508
Amounts owed to group undertakings 59,104 -
Taxation and social security 146,130 101,201
Other creditors 48,644 37,717
739,070 653,600

HOGARTH COACHWORKS LIMITED (REGISTERED NUMBER: 02883550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Hire purchase contracts 19,520 37,829

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Hire purchase contracts 37,829 69,231

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 2019
and 31 October 2018:

2019 2018
£    £   
S Hogarth
Balance outstanding at start of year 61,000 35,000
Amounts advanced - 26,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,000 61,000