DEREK W HANCOX LIMITED

Company Registration Number:
03152826 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

DEREK W HANCOX LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

DEREK W HANCOX LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,536,948 1,701,107
Total fixed assets: 1,536,948 1,701,107
Current assets
Stocks: 128,674 0
Debtors:   274,094 108,843
Cash at bank and in hand: 71,537
Total current assets: 474,305 108,843
Creditors: amounts falling due within one year: 4 (775,194) (826,755)
Net current assets (liabilities): (300,889) (717,912)
Total assets less current liabilities: 1,236,059 983,195
Creditors: amounts falling due after more than one year:   (416,298) (454,946)
Provision for liabilities: (302,950)
Total net assets (liabilities): 516,811 528,249
Capital and reserves
Called up share capital: 102 102
Revaluation reserve:5100,2000
Profit and loss account: 416,509 528,147
Shareholders funds: 516,811 528,249

The notes form part of these financial statements

DEREK W HANCOX LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 September 2024
and signed on behalf of the board by:

Name: Michelle Hancox Quinn
Status: Director

The notes form part of these financial statements

DEREK W HANCOX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DEREK W HANCOX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 19 14

DEREK W HANCOX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 2,498,575
Additions 77,256
Disposals (549,241)
Revaluations 100,200
At 31 March 2024 2,126,790
Depreciation
At 01 April 2023 797,468
Charge for year 181,068
On disposals (388,694)
At 31 March 2024 589,842
Net book value
At 31 March 2024 1,536,948
At 31 March 2023 1,701,107

DEREK W HANCOX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

DEREK W HANCOX LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Revaluation reserve

2024
£
Balance at 01 April 2023 0
Surplus or deficit after revaluation 100,200
Balance at 31 March 2024 100,200