Company registration number 13907509 (England and Wales)
HOCKLEYS WINDOWS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
92 Station Road
Clacton on Sea
Essex
CO15 1SG
HOCKLEYS WINDOWS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
HOCKLEYS WINDOWS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr D Ashdown
Mrs S F Ashdown
Company number
13907509
Registered office
92 Station Road
Clacton on Sea
Essex
CO15 1SG
Accountants
TC Group
92 Station Road
Clacton on Sea
Essex
CO15 1SG
HOCKLEYS WINDOWS LIMITED
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
4
12,008
15,902
Tangible assets
5
36,059
11,501
48,067
27,403
Current assets
Stocks
10,788
12,935
Debtors
6
31,539
15,710
42,327
28,645
Creditors: amounts falling due within one year
7
(82,392)
(50,159)
Net current liabilities
(40,065)
(21,514)
Total assets less current liabilities
8,002
5,889
Creditors: amounts falling due after more than one year
8
(21,963)
(3,503)
Provisions for liabilities
(6,851)
(2,185)
Net (liabilities)/assets
(20,812)
201
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(20,912)
101
Total equity
(20,812)
201

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

HOCKLEYS WINDOWS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
29 FEBRUARY 2024
29 February 2024
- 3 -

For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 11 November 2024 and are signed on its behalf by:
Mr D Ashdown
Director
Company Registration No. 13907509
HOCKLEYS WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 4 -
1
Accounting policies
Company information

Hockleys Windows Limited is a private company limited by shares incorporated in England and Wales. The registered office is 92 Station Road, Clacton on Sea, Essex, CO15 1SG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

HOCKLEYS WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

 

HOCKLEYS WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
3
4
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2023 and 29 February 2024
19,472
Amortisation and impairment
At 1 March 2023
3,570
Amortisation charged for the year
3,894
At 29 February 2024
7,464
Carrying amount
At 29 February 2024
12,008
At 28 February 2023
15,902
HOCKLEYS WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 7 -
5
Tangible fixed assets
Office equipment
Motor vehicles
Total
£
£
£
Cost
At 1 March 2023
2,173
12,491
14,664
Additions
-
0
34,653
34,653
At 29 February 2024
2,173
47,144
49,317
Depreciation and impairment
At 1 March 2023
301
2,862
3,163
Depreciation charged in the year
468
9,627
10,095
At 29 February 2024
769
12,489
13,258
Carrying amount
At 29 February 2024
1,404
34,655
36,059
At 28 February 2023
1,872
9,629
11,501
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
14,979
Corporation tax recoverable
7,648
-
0
Other debtors
23,891
731
31,539
15,710
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
17,215
2,414
Trade creditors
34,469
9,910
Corporation tax
7,648
10,735
Other taxation and social security
13,095
6,769
Other creditors
9,965
20,331
82,392
50,159
HOCKLEYS WINDOWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 8 -
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
3,226
Other creditors
21,963
277
21,963
3,503
9
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
David Ashdown
2.25
(15,671)
38,332
22,661
(15,671)
38,332
22,661
2024-02-292023-03-01false11 November 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr D AshdownMrs S F Ashdownfalsefalse139075092023-03-012024-02-2913907509bus:Director12023-03-012024-02-2913907509bus:Director22023-03-012024-02-2913907509bus:RegisteredOffice2023-03-012024-02-29139075092024-02-29139075092023-02-2813907509core:NetGoodwill2024-02-2913907509core:NetGoodwill2023-02-2813907509core:ComputerEquipment2024-02-2913907509core:MotorVehicles2024-02-2913907509core:ComputerEquipment2023-02-2813907509core:MotorVehicles2023-02-2813907509core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2913907509core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2813907509core:Non-currentFinancialInstrumentscore:AfterOneYear2024-02-2913907509core:Non-currentFinancialInstrumentscore:AfterOneYear2023-02-2813907509core:CurrentFinancialInstruments2024-02-2913907509core:CurrentFinancialInstruments2023-02-2813907509core:Non-currentFinancialInstruments2024-02-2913907509core:Non-currentFinancialInstruments2023-02-2813907509core:ShareCapital2024-02-2913907509core:ShareCapital2023-02-2813907509core:RetainedEarningsAccumulatedLosses2024-02-2913907509core:RetainedEarningsAccumulatedLosses2023-02-2813907509core:Goodwill2023-03-012024-02-2913907509core:ComputerEquipment2023-03-012024-02-2913907509core:MotorVehicles2023-03-012024-02-29139075092022-04-012023-02-2813907509core:NetGoodwill2023-02-2813907509core:NetGoodwill2023-03-012024-02-2913907509core:ComputerEquipment2023-02-2813907509core:MotorVehicles2023-02-28139075092023-02-2813907509core:WithinOneYear2024-02-2913907509core:WithinOneYear2023-02-2813907509bus:PrivateLimitedCompanyLtd2023-03-012024-02-2913907509bus:SmallCompaniesRegimeForAccounts2023-03-012024-02-2913907509bus:FRS1022023-03-012024-02-2913907509bus:AuditExemptWithAccountantsReport2023-03-012024-02-2913907509bus:FullAccounts2023-03-012024-02-29xbrli:purexbrli:sharesiso4217:GBP