Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-314falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-08-01false4true 05358857 2023-08-01 2024-07-31 05358857 2022-08-01 2023-07-31 05358857 2024-07-31 05358857 2023-07-31 05358857 c:Director1 2023-08-01 2024-07-31 05358857 d:PlantMachinery 2023-08-01 2024-07-31 05358857 d:PlantMachinery 2024-07-31 05358857 d:PlantMachinery 2023-07-31 05358857 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05358857 d:FurnitureFittings 2023-08-01 2024-07-31 05358857 d:FurnitureFittings 2024-07-31 05358857 d:FurnitureFittings 2023-07-31 05358857 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05358857 d:OfficeEquipment 2023-08-01 2024-07-31 05358857 d:OfficeEquipment 2024-07-31 05358857 d:OfficeEquipment 2023-07-31 05358857 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05358857 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 05358857 d:CurrentFinancialInstruments 2024-07-31 05358857 d:CurrentFinancialInstruments 2023-07-31 05358857 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 05358857 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05358857 d:ShareCapital 2024-07-31 05358857 d:ShareCapital 2023-07-31 05358857 d:RetainedEarningsAccumulatedLosses 2024-07-31 05358857 d:RetainedEarningsAccumulatedLosses 2023-07-31 05358857 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 05358857 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 05358857 d:TaxLossesCarry-forwardsDeferredTax 2024-07-31 05358857 d:TaxLossesCarry-forwardsDeferredTax 2023-07-31 05358857 c:FRS102 2023-08-01 2024-07-31 05358857 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05358857 c:FullAccounts 2023-08-01 2024-07-31 05358857 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05358857 2 2023-08-01 2024-07-31 05358857 6 2023-08-01 2024-07-31 05358857 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 05358857










HOCKLEY SURFACING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
HOCKLEY SURFACING LIMITED
REGISTERED NUMBER: 05358857

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
597,737
262,436

  
597,737
262,436

Current assets
  

Stocks
 5 
4,149
7,169

Debtors: amounts falling due within one year
 6 
217,545
266,126

Cash at bank and in hand
  
582,532
548,580

  
804,226
821,875

Creditors: amounts falling due within one year
 7 
(200,002)
(52,905)

Net current assets
  
 
 
604,224
 
 
768,970

Total assets less current liabilities
  
1,201,961
1,031,406

Provisions for liabilities
  

Deferred tax
 8 
(184,525)
(111,791)

  
 
 
(184,525)
 
 
(111,791)

Net assets
  
1,017,436
919,615


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,017,435
919,614

  
1,017,436
919,615


Page 1

 
HOCKLEY SURFACING LIMITED
REGISTERED NUMBER: 05358857
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Nicholas Hockley
Director
Date: 11 November 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HOCKLEY SURFACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Hockley Surfacing Limited is a private company limited by shares and registered in England and Wales (05358857). The registered addres is 52 New Town, Uckfield, East Sussex, TN22 5DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
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 Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
HOCKLEY SURFACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
HOCKLEY SURFACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Straight line
Fixtures and fittings
-
25%
Straight line
Office equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in unlisted shares are shown at cost.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short-term creditors are measured at the transaction price.

Page 5

 
HOCKLEY SURFACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
HOCKLEY SURFACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 August 2023
2,201,394
1,668
7,634
2,210,696


Additions
467,160
-
-
467,160


Disposals
(24,500)
-
-
(24,500)



At 31 July 2024

2,644,054
1,668
7,634
2,653,356



Depreciation


At 1 August 2023
1,938,958
1,668
7,634
1,948,260


Charge for the year on owned assets
131,859
-
-
131,859


Disposals
(24,500)
-
-
(24,500)



At 31 July 2024

2,046,317
1,668
7,634
2,055,619



Net book value



At 31 July 2024
597,737
-
-
597,737



At 31 July 2023
262,436
-
-
262,436


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
4,149
7,169


Page 7

 
HOCKLEY SURFACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
99,977
107,106

Other debtors
98,128
143,467

Prepayments and accrued income
19,440
15,553

217,545
266,126



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
195,217
39,887

Other taxation and social security
-
7,022

Other creditors
189
1,400

Accruals and deferred income
4,596
4,596

200,002
52,905



8.


Deferred taxation




2024


£






At beginning of year
(111,791)


Charged to profit or loss
(72,734)



At end of year
(184,525)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(149,435)
(65,609)

Tax losses carried forward
(35,090)
(46,182)

(184,525)
(111,791)

Page 8

 
HOCKLEY SURFACING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Related party transactions

Included in other debtors is an interest free loan to the value of £70,155 owed from the director of the company (2023: £143,467). This amount is repayable on demand.

 
Page 9