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REGISTERED NUMBER: 05055476 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Hansford & Kay Limited

Hansford & Kay Limited (Registered number: 05055476)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hansford & Kay Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Ms E Hansford
Mrs J Harris





REGISTERED OFFICE: Juniper House Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





REGISTERED NUMBER: 05055476 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Hansford & Kay Limited (Registered number: 05055476)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,330 1,401
2,330 1,401

CURRENT ASSETS
Stocks 900 800
Debtors 6 20,735 19,921
Cash at bank - 697
21,635 21,418
CREDITORS
Amounts falling due within one year 7 10,391 6,771
NET CURRENT ASSETS 11,244 14,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,574

16,048

PROVISIONS FOR LIABILITIES 355 355
NET ASSETS 13,219 15,693

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 13,217 15,691
13,219 15,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Hansford & Kay Limited (Registered number: 05055476)

Statement of Financial Position - continued
31 January 2024


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 8 October 2024 and were signed on its behalf by:




Mrs J Harris - Director



Ms E Hansford - Director


Hansford & Kay Limited (Registered number: 05055476)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Hansford & Kay 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hansford & Kay Limited (Registered number: 05055476)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 25,000
AMORTISATION
At 1 February 2023
and 31 January 2024 25,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 4,969 4,433 783 10,185
Additions - 1,471 - 1,471
At 31 January 2024 4,969 5,904 783 11,656
DEPRECIATION
At 1 February 2023 4,818 3,331 635 8,784
Charge for year 32 473 37 542
At 31 January 2024 4,850 3,804 672 9,326
NET BOOK VALUE
At 31 January 2024 119 2,100 111 2,330
At 31 January 2023 151 1,102 148 1,401

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 20,735 19,921

Hansford & Kay Limited (Registered number: 05055476)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 3,773 -
Hire purchase contracts 550 -
Trade creditors 913 -
Taxation and social security 5,155 6,771
10,391 6,771