Company Registration No. 06750487 (England and Wales)
Hanson Services Limited
Unaudited accounts
for the year ended 30 November 2023
Hanson Services Limited
Unaudited accounts
Contents
Hanson Services Limited
Company Information
for the year ended 30 November 2023
Directors
J S Hanson
T A Hanson
Company Number
06750487 (England and Wales)
Registered Office
4E The Lanterns
16 Melbourn Street
Royston
Herts
SG8 7BX
United Kingdom
Accountants
Blanche & Co
4E The Lanterns
16 Melbourn Street
Royston
Herts
SG8 7BX
Hanson Services Limited
Statement of financial position
as at 30 November 2023
Tangible assets
467,385
280,174
Inventories
2,762,266
764,730
Debtors
1,020,393
1,565,599
Cash at bank and in hand
36,532
992,873
Creditors: amounts falling due within one year
(856,768)
(228,683)
Net current assets
2,962,423
3,094,519
Total assets less current liabilities
3,429,808
3,374,693
Creditors: amounts falling due after more than one year
(40,957)
(677)
Provisions for liabilities
Deferred tax
(8,524)
(4,878)
Net assets
3,380,327
3,369,138
Called up share capital
2
2
Share premium
(97,485)
(97,485)
Profit and loss account
3,477,810
3,466,621
Shareholders' funds
3,380,327
3,369,138
For the year ending 30 November 2023 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by
T A Hanson
Director
Company Registration No. 06750487
Hanson Services Limited
Notes to the Accounts
for the year ended 30 November 2023
Hanson Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06750487. The registered office is 4E The Lanterns, 16 Melbourn Street, Royston, Herts, SG8 7BX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and similar allowances.
Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line basis
Motor vehicles
25% straight line basis
Computer equipment
25% straight line basis
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Taxation represents the sum of tax currently payable and deferred tax.
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.
Deferred taxation is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and laws) that have been enacted or substantively enacted by the end of the reporting period.
Hanson Services Limited
Notes to the Accounts
for the year ended 30 November 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
254,500
67,762
95,222
1,987
419,471
Additions
-
2,694
218,486
1,148
222,328
Disposals
-
-
(41,731)
-
(41,731)
At 30 November 2023
254,500
70,456
271,977
3,135
600,068
At 1 December 2022
-
62,256
76,500
541
139,297
Charge for the year
-
3,271
31,288
558
35,117
On disposals
-
-
(41,731)
-
(41,731)
At 30 November 2023
-
65,527
66,057
1,099
132,683
At 30 November 2023
254,500
4,929
205,920
2,036
467,385
At 30 November 2022
254,500
5,506
18,722
1,446
280,174
Amounts falling due within one year
Trade debtors
15,966
95,249
Accrued income and prepayments
-
975,000
Other debtors
913,478
468,647
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,387
4,064
Trade creditors
38,132
1,732
Taxes and social security
131,068
150,365
Other creditors
468,247
1,055
Loans from directors
200,000
7,495
The finances leases are secured on the asset concerned.
Hanson Services Limited
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
40,957
677
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).