P.K. Cook & Daughters Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07018638 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th September 2017

for

P.K. Cook & Daughters Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

P K Cook

SECRETARY:

Miss W Cook

REGISTERED OFFICE:

North Park Farm

Newfield Lane

Lelley

Hull

East Yorkshire

HU12 8SU

REGISTERED NUMBER:

07018638 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Tangible assets

4

2,123,311

1,719,819

CURRENT ASSETS

Stocks

5

3,000

3,000

Debtors

6

4,663

287,623

Cash at bank

334,957

-

342,620

290,623

CREDITORS

Amounts falling due within one year

7

474,541

514,498

NET CURRENT LIABILITIES

(131,921

)

(223,875

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,991,390

1,495,944

CREDITORS

Amounts falling due after more than one year

8

(1,188,289

)

(922,873

)

PROVISIONS FOR LIABILITIES

(74,272

)

(58,798

)

NET ASSETS

728,829

514,273

CAPITAL AND RESERVES

Called up share capital

12,500

12,500

Retained earnings

716,329

501,773

SHAREHOLDERS' FUNDS

728,829

514,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2017 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 Income Statement has not been delivered.

The financial statements were approved by the director on 28th June 2018 and were signed by:

P K Cook - Director

1.	STATUTORY INFORMATION

P.K. Cook & Daughters 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 (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st October 2016

1,395,956

703,364

27,356

1,444

2,128,120

Additions

326,431

205,700

-

478

532,609

Disposals

-

(161,200

)

-

-

(161,200

)

At 30th September 2017

1,722,387

747,864

27,356

1,922

2,499,529

DEPRECIATION

At 1st October 2016

-

387,410

20,012

879

408,301

Charge for year

-

64,711

1,837

230

66,778

Eliminated on disposal

-

(98,861

)

-

-

(98,861

)

At 30th September 2017

-

353,260

21,849

1,109

376,218

NET BOOK VALUE

At 30th September 2017

1,722,387

394,604

5,507

813

2,123,311

At 30th September 2016

1,395,956

315,954

7,344

565

1,719,819

The net book value of tangible fixed assets includes £ 286,693 (2016 - £ 224,963 ) in respect of assets held under

hire purchase contracts.

5.

STOCKS

2017

2016

£

£

Stocks

3,000

3,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

4,663

287,623

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

25,156

Hire purchase contracts

61,375

58,978

Trade creditors

17,125

42,049

Taxation

27,287

39,940

VAT

17,756

3,728

Directors' current accounts

348,798

342,647

Accrued expenses

2,200

2,000

474,541

514,498

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

AMC loan

222,200

222,200

AMC Loan - 2

314,000

314,000

Other loans - 1-2 years

559,261

327,695

Hire purchase contracts

92,828

58,978

1,188,289

922,873

9.	ULTIMATE CONTROLLING PARTY

The controlling party is P K Cook.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary

statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of P.K. Cook & Daughters Limited for the year ended 30th September 2017 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of P.K. Cook & Daughters Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P.K. Cook & Daughters Limited and state those matters that we have agreed to state to the director of P.K. Cook & Daughters Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P.K. Cook & Daughters Limited and its director for our work or for this report.

It is your duty to ensure that P.K. Cook & Daughters Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P.K. Cook & Daughters Limited. You consider that P.K. Cook & Daughters Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P.K. Cook & Daughters Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

28th June 2018