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Registration number: 01508031

Norman Hancock (Joinery) Limited

Unaudited Financial Statements

for the Period from 1 April 2023 to 31 December 2023

 

Norman Hancock (Joinery) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Norman Hancock (Joinery) Limited

Company Information

Director

Mr Robert Norman Hancock

Company secretary

Mr Robert Norman Hancock

Registered office

C/o Stoke On Trent Timber Rafferty Business Park
Sneyd Hill
Burslem
Stoke-On-Trent
ST6 2EB

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Norman Hancock (Joinery) Limited

(Registration number: 01508031)
Balance Sheet as at 31 December 2023

Note

2023
£

2023
£

Fixed assets

 

Investment property

4

1,005,880

2,133,635

Investments

5

12,880

12,880

 

1,018,760

2,146,515

Current assets

 

Debtors

6

56,293

20,530

Cash at bank and in hand

 

272,647

250,081

 

328,940

270,611

Creditors: Amounts falling due within one year

7

(160,385)

(73,013)

Net current assets

 

168,555

197,598

Total assets less current liabilities

 

1,187,315

2,344,113

Provisions for liabilities

(102,270)

(272,328)

Net assets

 

1,085,045

2,071,785

Capital and reserves

 

Called up share capital

2

2

Capital redemption reserve

524,705

524,705

Revaluation reserve

173,642

-

Retained earnings

386,696

1,547,078

Shareholders' funds

 

1,085,045

2,071,785

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Norman Hancock (Joinery) Limited

(Registration number: 01508031)
Balance Sheet as at 31 December 2023

Approved and authorised by the director on 11 March 2025
 

.........................................
Mr Robert Norman Hancock
Company secretary and director

 

Norman Hancock (Joinery) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o Stoke On Trent Timber Rafferty Business Park
Sneyd Hill
Burslem
Stoke-On-Trent
ST6 2EB
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

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 revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rent provided in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Norman Hancock (Joinery) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulation impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers it has high significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

 

Norman Hancock (Joinery) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2023 - 2).

4

Investment properties

2023
£

At 1 April

2,133,635

Transfers to and from Stocks

(1,127,755)

At 31 December

1,005,880

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of the transaction prices for similar properties.

5

Investments

2023
£

2023
£

Investments in subsidiaries

12,880

12,880

Subsidiaries

£

Cost or valuation

At 1 April 2023

12,880

Provision

Carrying amount

At 31 December 2023

12,880

At 31 March 2023

12,880

 

Norman Hancock (Joinery) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

6

Debtors

Current

2023
£

2023
£

Trade debtors

3,564

1,982

Prepayments

1,109

225

Other debtors

51,620

18,323

 

56,293

20,530

7

Creditors

Creditors: amounts falling due within one year

2023
£

2023
£

Due within one year

Trade creditors

6,302

-

Taxation and social security

9,267

22,512

Accruals and deferred income

4,326

12,800

Other creditors

140,490

37,701

160,385

73,013