REGISTERED NUMBER: |
CAS Hancocks & Son Limited |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
REGISTERED NUMBER: |
CAS Hancocks & Son Limited |
Unaudited Financial Statements for the Year Ended 31 January 2024 |
CAS Hancocks & Son Limited (Registered number: 02486865) |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Balance Sheet | 3 | to | 4 |
Notes to the Financial Statements | 5 | to | 8 |
CAS Hancocks & Son Limited |
Company Information |
for the Year Ended 31 January 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chandos House |
School Lane |
Buckingham |
Buckinghamshire |
MK18 1HD |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
CAS Hancocks & Son Limited |
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 Income Statement 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 CAS Hancocks & Son Limited for the year ended 31 January 2024 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 CAS Hancocks & Son Limited in accordance with the terms of our engagement letter dated 28 October 2021. Our work has been undertaken solely to prepare for your approval the financial statements of CAS Hancocks & Son Limited and state those matters that we have agreed to state to the director of CAS Hancocks & Son 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 CAS Hancocks & Son Limited and its director for our work or for this report. |
It is your duty to ensure that CAS Hancocks & Son 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 CAS Hancocks & Son Limited. You consider that CAS Hancocks & Son 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 CAS Hancocks & Son 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. |
Chandos House |
School Lane |
Buckingham |
Buckinghamshire |
MK18 1HD |
Date: ............................................. |
CAS Hancocks & Son Limited (Registered number: 02486865) |
Balance Sheet |
31 January 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
CAS Hancocks & Son Limited (Registered number: 02486865) |
Balance Sheet - continued |
31 January 2024 |
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 |
CAS Hancocks & Son Limited (Registered number: 02486865) |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
1. | STATUTORY INFORMATION |
CAS Hancocks & Son Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
CAS Hancocks & Son Limited (Registered number: 02486865) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 February 2023 |
and 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2023 |
Revaluations | 8,500 |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
CAS Hancocks & Son Limited (Registered number: 02486865) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
5. | INVESTMENT PROPERTY - continued |
Fair value at 31 January 2024 is represented by: |
£ |
Valuation in 2017 | 124,360 |
Valuation in 2018 | 12,450 |
Valuation in 2019 | 2,825 |
Valuation in 2020 | 2,041 |
Valuation in 2021 | 4,667 |
Valuation in 2022 | 16,000 |
Valuation in 2023 | (6,545 | ) |
Valuation in 2024 | 8,500 |
Cost | 165,139 |
329,437 |
** | TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF |
INVESTMENT PROPERTY |
'COST' ACCOUNT TOTAL |
Cost/valuation b/f | 320,938 |
Revaluations | 8,500 |
329,438 |
CLIENT SCREEN TOTAL | = | 329,437 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Corporation tax |
VAT | 6,600 | 5,844 |
Other creditors |
Directors' current accounts | 242,223 | 250,313 |
Accruals |
CAS Hancocks & Son Limited (Registered number: 02486865) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 February 2023 |
Investment prop reval | 8,500 |
At 31 January 2024 |
9. | INVESTMENT PROPERTY REVALUATION |
The investment property has not been revalued professionally; a reasonable estimate has been provided by the director. |
10. | RELATED PARTY DISCLOSURES |
The balance due to the director at the year end was £241,312 (2022: £250,313). |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is D A Hancocks. |