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REGISTERED NUMBER: 01394030 (England and Wales)















Hanson-Tower Limited

Financial Statements

for the Year Ended 30 September 2023






Hanson-Tower Limited (Registered number: 01394030)

Contents of the Financial Statements
for the year ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hanson-Tower Limited

Company Information
for the year ended 30 September 2023







Director: P H Pettengell





Registered office: Hanson House
Knight Road
Strood
Kent
ME2 2JH





Registered number: 01394030 (England and Wales)






Hanson-Tower Limited (Registered number: 01394030)

Balance Sheet
30 September 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 5 549,646 558,533
Investments 6 3,400 3,400
553,046 561,933

Current assets
Stocks 7 801,791 736,791
Debtors 8 215,267 120,293
Cash at bank and in hand 148,032 18,834
1,165,090 875,918
Creditors
Amounts falling due within one year 9 480,344 255,425
Net current assets 684,746 620,493
Total assets less current liabilities 1,237,792 1,182,426

Provisions for liabilities 1,000 1,000
Net assets 1,236,792 1,181,426

Capital and reserves
Called up share capital 10 211,200 211,200
Retained earnings 11 1,025,592 970,226
Shareholders' funds 1,236,792 1,181,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Hanson-Tower Limited (Registered number: 01394030)

Balance Sheet - continued
30 September 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 February 2024 and were signed by:





P H Pettengell - Director


Hanson-Tower Limited (Registered number: 01394030)

Notes to the Financial Statements
for the year ended 30 September 2023


1. Statutory information

Hanson-Tower 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.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 represents amounts receivable for goods provided in the year and is stated net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset to its residual value over its estimated useful life:

Freehold property-50 years straight line
Plant and machinery-25% on cost and at varying rates 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.

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments.

Financial assets / liabilities - classified as basic financial instruments

(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

Hanson-Tower Limited (Registered number: 01394030)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


3. Accounting policies - continued

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

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.

Provisions
Provisions are recognised when there is a present obligation (legal or constructive) as a result of a past event, it is probably that the obligation will be required to be settled, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting taking into account the risks and uncertainties surrounding the obligation. Provisions are discounted when the time value of money is material.

Going concern
The current economic conditions, together with the COVID-19 pandemic, present increased risks for all
businesses. In response to such conditions, the directors have carefully considered these risks including an
assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

4. Employees and directors

The average number of employees during the year was 6 (2022 - 5 ) .

Hanson-Tower Limited (Registered number: 01394030)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


5. Tangible fixed assets
Freehold Plant and
property machinery Totals
£ £ £
Cost
At 1 October 2022
and 30 September 2023 575,787 398,547 974,334
Depreciation
At 1 October 2022 30,063 385,738 415,801
Charge for year 7,516 1,371 8,887
At 30 September 2023 37,579 387,109 424,688
Net book value
At 30 September 2023 538,208 11,438 549,646
At 30 September 2022 545,724 12,809 558,533

6. Fixed asset investments
Other
investments
£
Cost
At 1 October 2022
and 30 September 2023 3,400
Net book value
At 30 September 2023 3,400
At 30 September 2022 3,400

7. Stocks
2023 2022
£ £
Raw materials 15,500 15,500
Finished goods 786,291 721,291
801,791 736,791

8. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 215,267 120,293

Hanson-Tower Limited (Registered number: 01394030)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


9. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 378,681 167,725
Amounts owed to connected company 12,928 17,260
Tax - 2,315
Social security and other taxes 7,948 3,428
Salary control - 18,849
VAT 67,050 31,888
Tenants deposits 5,300 5,300
Directors' current accounts 1,631 1,854
Accruals and deferred income 6,806 6,806
480,344 255,425

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
844,800 Ordinary £0.40 211,200 211,200

11. Reserves
Retained
earnings
£

At 1 October 2022 970,226
Profit for the year 55,366
At 30 September 2023 1,025,592

12. Ultimate controlling party

The controlling party is P H Pettengell.