IRIS Accounts Production v23.4.0.336 10811071 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108110712022-03-31108110712023-03-31108110712022-04-012023-03-31108110712021-03-31108110712021-04-012022-03-31108110712022-03-3110811071ns15:EnglandWales2022-04-012023-03-3110811071ns14:PoundSterling2022-04-012023-03-3110811071ns10:Director12022-04-012023-03-3110811071ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3110811071ns10:SmallEntities2022-04-012023-03-3110811071ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3110811071ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3110811071ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3110811071ns10:FullAccounts2022-04-012023-03-3110811071ns10:Director22022-04-012023-03-3110811071ns10:RegisteredOffice2022-04-012023-03-3110811071ns5:CurrentFinancialInstruments2023-03-3110811071ns5:CurrentFinancialInstruments2022-03-3110811071ns5:Non-currentFinancialInstruments2023-03-3110811071ns5:Non-currentFinancialInstruments2022-03-3110811071ns5:ShareCapital2023-03-3110811071ns5:ShareCapital2022-03-3110811071ns5:RetainedEarningsAccumulatedLosses2023-03-3110811071ns5:RetainedEarningsAccumulatedLosses2022-03-3110811071ns5:PlantMachinery2022-04-012023-03-3110811071ns5:PlantMachinery2022-03-3110811071ns5:PlantMachinery2023-03-3110811071ns5:PlantMachinery2022-03-3110811071ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3110811071ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-04-012023-03-3110811071ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3110811071ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3110811071ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110811071ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3110811071ns5:CurrentFinancialInstruments2022-04-012023-03-31
REGISTERED NUMBER: 10811071 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HANCOCK FENCING LIMITED

HANCOCK FENCING LIMITED (REGISTERED NUMBER: 10811071)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HANCOCK FENCING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: J P Hancock
Mrs L C Hancock





REGISTERED OFFICE: White House Barn
Belton Road
Beltoft
Doncaster
South Yorkshire
DN9 1NB





REGISTERED NUMBER: 10811071 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
50-52 Aire Street
Goole
DN14 5QE

HANCOCK FENCING LIMITED (REGISTERED NUMBER: 10811071)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,235 88,744

CURRENT ASSETS
Stocks 109,000 98,000
Debtors 5 470,179 556,205
Cash at bank and in hand 326,118 203,223
905,297 857,428
CREDITORS
Amounts falling due within one year 6 377,558 459,759
NET CURRENT ASSETS 527,739 397,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

647,974

486,413

CREDITORS
Amounts falling due after more than one year 7 (34,753 ) (26,945 )

PROVISIONS FOR LIABILITIES (1,381 ) (4,602 )
NET ASSETS 611,840 454,866

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 611,839 454,865
611,840 454,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HANCOCK FENCING LIMITED (REGISTERED NUMBER: 10811071)

BALANCE SHEET - continued
31 March 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 Board of Directors and authorised for issue on 18 December 2023 and were signed on its behalf by:





J P Hancock - Director


HANCOCK FENCING LIMITED (REGISTERED NUMBER: 10811071)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Hancock Fencing Limited is a private company limited by shares, incorporated and domiciled in England. It has its registered office at White House Barn, Belton Road, Beltoft, Doncaster, DN9 1NB. Its principal place of business is at Bootham Lane, Dunscroft, Hatfield, Doncater, DN7 4JU.

The principal activity of the company is the supply and installation of fencing.

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

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts. Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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 etc - 25% on a reducing balance basis and 20% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making, due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

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.


HANCOCK FENCING LIMITED (REGISTERED NUMBER: 10811071)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
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.

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 14 (2022 - 15 ) .

HANCOCK FENCING LIMITED (REGISTERED NUMBER: 10811071)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 157,537
Additions 71,381
Disposals (17,664 )
At 31 March 2023 211,254
DEPRECIATION
At 1 April 2022 68,793
Charge for year 32,438
Eliminated on disposal (10,212 )
At 31 March 2023 91,019
NET BOOK VALUE
At 31 March 2023 120,235
At 31 March 2022 88,744

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 20,795
Additions 50,400
At 31 March 2023 71,195
DEPRECIATION
At 1 April 2022 9,585
Charge for year 12,253
At 31 March 2023 21,838
NET BOOK VALUE
At 31 March 2023 49,357
At 31 March 2022 11,210

HANCOCK FENCING LIMITED (REGISTERED NUMBER: 10811071)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 433,474 494,224
Other debtors 36,705 61,981
470,179 556,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,000 7,000
Hire purchase contracts 10,161 3,633
Trade creditors 180,925 248,338
Taxation and social security 49,311 20,260
Other creditors 130,161 180,528
377,558 459,759

In August 2020 the company obtained a COVID 19 Recovery Bounce Back Bank Loan which is repayable over 6 years.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,917 23,917
Hire purchase contracts 17,836 3,028
34,753 26,945

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its director J P Hancock £124,650 (2022: £176,414). The loan is free from interest and repayable on demand.