Hancox & Co Limited Filleted Accounts Cover
Hancox & Co Limited
Company No. 07335659
Information for Filing with The Registrar
31 January 2024
Hancox & Co Limited Directors Report Registrar
The Director presents her report and the accounts for the year ended 31 January 2024.
Principal activities
The principal activity of the company during the year under review was chartered accountants and chartered tax advisers.
Director
The Director who served at any time during the year was as follows:
J.J. Hancox
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J.J. Hancox
Director
14 March 2024
Hancox & Co Limited Balance Sheet Registrar
at
31 January 2024
Company No.
07335659
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
36,14762,932
Tangible assets
5
35,31446,249
71,461109,181
Current assets
Debtors
6
35,81299,978
Cash at bank and in hand
256,910175,482
292,722275,460
Creditors: Amount falling due within one year
7
(41,339)
(48,016)
Net current assets
251,383227,444
Total assets less current liabilities
322,844336,625
Net assets
322,844336,625
Capital and reserves
Called up share capital
100100
Profit and loss account
9
322,744336,525
Total equity
322,844336,625
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 14 March 2024 and signed on its behalf by:
J.J. Hancox
Director
14 March 2024
Hancox & Co Limited Notes to the Accounts Registrar
for the year ended 31 January 2024
1
General information
Hancox & Co Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 07335659
Its registered office is:
317 Old Wakefield Road
Moldgreen
Huddersfield
HD5 8AA
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
25% Reducing Balance
Furniture, fittings and equipment
20% Reducing Balance
Taxation
The tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
1516
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 February 2023
334,678334,678
At 31 January 2024
334,678334,678
Amortisation and impairment
At 1 February 2023
271,746271,746
Charge for the year
26,78526,785
At 31 January 2024
298,531298,531
Net book values
At 31 January 2024
36,14736,147
At 31 January 2023
62,93262,932
5
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 February 2023
54,39135,69490,085
Additions
-4,3274,327
Disposals
-
(16,926)
(16,926)
At 31 January 2024
54,39123,09577,486
Depreciation
At 1 February 2023
23,79620,04043,836
Charge for the year
7,6493,09210,741
Disposals
-
(12,405)
(12,405)
At 31 January 2024
31,44510,72742,172
Net book values
At 31 January 2024
22,94612,36835,314
At 31 January 2023
30,595
15,654
46,249
6
Debtors
2024
2023
£
£
Trade debtors
33,87613,398
Amounts owed by group undertakings
-84,500
Other debtors
700450
Prepayments and accrued income
1,2361,630
35,81299,978
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
461-
Trade creditors
489287
Taxes and social security
39,009
44,961
Loans from directors
9901,273
Other creditors
3901,495
41,33948,016
8
Share Capital
100 ordinary shares of £1 each, fully paid up.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
35,080
37,000
35,080
37,000
Dividends by type:
Equity dividends
35,08037,000
35,080
37,000
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