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REGISTERED NUMBER: 03043166 (England and Wales)




























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

HANLEY & CO. LIMITED

HANLEY & CO. LIMITED (REGISTERED NUMBER: 03043166)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HANLEY & CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: D R Logan FCA
Mrs A Logan
Mrs G Epps ACA





SECRETARY: Mrs A Logan





REGISTERED OFFICE: Suite 204 Ashton Old Baths
Stamford Street West
Ashton under Lyne
Lancashire
OL6 7FW





REGISTERED NUMBER: 03043166 (England and Wales)





ACCOUNTANTS: Hanley & Co
Chartered Accountants
Suite 204 Ashton Old Baths
Stamford Street West
Ashton-under-Lyne
Lancashire
OL6 7FW

HANLEY & CO. LIMITED (REGISTERED NUMBER: 03043166)

ABRIDGED BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 202,500 210,000
Tangible assets 5 86,499 91,065
288,999 301,065

CURRENT ASSETS
Stocks 161,000 210,000
Debtors 41,157 56,995
Cash at bank 30,943 52,328
233,100 319,323
CREDITORS
Amounts falling due within one year 223,425 284,111
NET CURRENT ASSETS 9,675 35,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,674

336,277

CREDITORS
Amounts falling due after more than one
year

(49,770

)

(82,233

)

PROVISIONS FOR LIABILITIES (10,732 ) (10,013 )
NET ASSETS 238,172 244,031

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 238,072 243,931
SHAREHOLDERS' FUNDS 238,172 244,031

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

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

HANLEY & CO. LIMITED (REGISTERED NUMBER: 03043166)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2023


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





D R Logan - Director


HANLEY & CO. LIMITED (REGISTERED NUMBER: 03043166)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Hanley & Co. 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. 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 represents the net value of fees invoiced and other income excluding VAT.

Goodwill
Goodwill was originally acquired in 2008. It is being amortised on a straight line basis to its estimated residual value over 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

HANLEY & CO. LIMITED (REGISTERED NUMBER: 03043166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

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 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022
and 31 August 2023 450,000
AMORTISATION
At 1 September 2022 240,000
Amortisation for year 7,500
At 31 August 2023 247,500
NET BOOK VALUE

At 31 August 2023 202,500
At 31 August 2022 210,000



5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 116,282
Additions 12,234
At 31 August 2023 128,516
DEPRECIATION
At 1 September 2022 25,217
Charge for year 16,800
At 31 August 2023 42,017
NET BOOK VALUE
At 31 August 2023 86,499
At 31 August 2022 91,065

HANLEY & CO. LIMITED (REGISTERED NUMBER: 03043166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. RELATED PARTY DISCLOSURES

Creditors - amounts falling due within one year includes a directors loan. At 31 August 2023 £1,039 (2022 £23,409) was owed to the directors. The loan bears interest at 2.25%. During the year the maximum amount outstanding was £84,425.