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REGISTERED NUMBER: 09143652 (England and Wales)















HANCOX GAS & PLUMBING LIMITED

Unaudited Financial Statements for the Year Ended 31 July 2024






HANCOX GAS & PLUMBING LIMITED (REGISTERED NUMBER: 09143652)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HANCOX GAS & PLUMBING LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr D W Hancox





REGISTERED OFFICE: Unit 1
26C Reddicap Trading Estates
Sutton Coldfield
West Midlands
B75 7BU





REGISTERED NUMBER: 09143652 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

HANCOX GAS & PLUMBING LIMITED (REGISTERED NUMBER: 09143652)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,350 50,608

CURRENT ASSETS
Stocks 19,824 30,022
Debtors 5 351,932 337,526
Cash at bank 33,148 90,112
404,904 457,660
CREDITORS
Amounts falling due within one year 6 291,332 343,051
NET CURRENT ASSETS 113,572 114,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,922

165,217

CREDITORS
Amounts falling due after more than one
year

7

(16,497

)

(54,089

)

PROVISIONS FOR LIABILITIES (18,838 ) (12,652 )
NET ASSETS 153,587 98,476

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 153,487 98,376
153,587 98,476

HANCOX GAS & PLUMBING LIMITED (REGISTERED NUMBER: 09143652)

Balance Sheet - continued
31 July 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 11 September 2024 and were signed by:





Mr D W Hancox - Director


HANCOX GAS & PLUMBING LIMITED (REGISTERED NUMBER: 09143652)

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

1. STATUTORY INFORMATION

Hancox Gas & Plumbing 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.

Changes in accounting policies
Transitional adjustments have been made to the prior year deferred tax balance under the new accounting rules. a transitional adjustment of £11,467 has arisen.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 20% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

HANCOX GAS & PLUMBING LIMITED (REGISTERED NUMBER: 09143652)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 2,071 3,021 108,597 893 114,582
Additions - - 35,941 3,286 39,227
Disposals - - (12,995 ) - (12,995 )
At 31 July 2024 2,071 3,021 131,543 4,179 140,814
DEPRECIATION
At 1 August 2023 1,350 1,165 61,318 141 63,974
Charge for year 108 279 9,698 808 10,893
Eliminated on disposal - - (9,403 ) - (9,403 )
At 31 July 2024 1,458 1,444 61,613 949 65,464
NET BOOK VALUE
At 31 July 2024 613 1,577 69,930 3,230 75,350
At 31 July 2023 721 1,856 47,279 752 50,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 151,369 112,298
Amounts owed by group undertakings 131,000 150,000
Amounts owed by associates 67,715 65,000
Other debtors 1,848 10,228
351,932 337,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 37,591 35,016
Trade creditors 157,243 247,816
Taxation and social security 22,429 28,425
Other creditors 74,069 31,794
291,332 343,051

HANCOX GAS & PLUMBING LIMITED (REGISTERED NUMBER: 09143652)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 16,497 54,089

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 37,591 35,016

Amounts falling due between one and two years:
Bank loans - 1-2 years 16,497 37,591

Amounts falling due between two and five years:
Bank loans - 2-5 years - 16,498

9. RELATED PARTY DISCLOSURES

At the Year end a balance of £131,000 (£150,000 2023 Debtor) was owed from Hancox Holdings Ltd.

At the Year end a balance of £67,715 (£65,000 2023 Debtor) was owed from Reflect Investment Ltd.

Both of these companies have common Directors.