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REGISTERED NUMBER: 00989768 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

K.R.HANNAFORD & COMPANY LIMITED

K.R.HANNAFORD & COMPANY LIMITED (REGISTERED NUMBER: 00989768)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K.R.HANNAFORD & COMPANY LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: K A Speed
C Vier
G G Le Roy
M S Sihra
I S Roberts





REGISTERED OFFICE: Unit 6 Handley Page Way
Colney Street
St Albans
AL2 2DQ





REGISTERED NUMBER: 00989768 (England and Wales)





ACCOUNTANTS: Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR

K.R.HANNAFORD & COMPANY LIMITED (REGISTERED NUMBER: 00989768)

Balance Sheet
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,179 8,030

CURRENT ASSETS
Stocks 84,057 18,167
Debtors 5 2,054,462 1,412,175
Cash at bank and in hand 374,242 1,124,203
2,512,761 2,554,545
CREDITORS
Amounts falling due within one year 6 2,012,725 2,181,764
NET CURRENT ASSETS 500,036 372,781
TOTAL ASSETS LESS CURRENT LIABILITIES 517,215 380,811

CREDITORS
Amounts falling due after more than one
year

7

(6,160

)

(16,514

)

PROVISIONS FOR LIABILITIES (73,495 ) (106,013 )
NET ASSETS 437,560 258,284

K.R.HANNAFORD & COMPANY LIMITED (REGISTERED NUMBER: 00989768)

Balance Sheet - continued
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 700 700
Share premium 77,400 77,400
Capital redemption reserve 200,400 200,400
Retained earnings 159,060 (20,216 )
437,560 258,284

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:




C Vier - Director



K A Speed - Director


K.R.HANNAFORD & COMPANY LIMITED (REGISTERED NUMBER: 00989768)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

K.R.Hannaford & Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Short leasehold - over 7 years
Plant and machinery - over 7 years
Fixtures and fittings- 10% at costs
Motor vehicles- 20% at costs
Computer equipments- 33% at costs

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


K.R.HANNAFORD & COMPANY LIMITED (REGISTERED NUMBER: 00989768)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 29 (2023 - 30 ) .

K.R.HANNAFORD & COMPANY LIMITED (REGISTERED NUMBER: 00989768)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 356,244 301,391 657,635
Additions - 15,312 15,312
Disposals - (723 ) (723 )
At 31 December 2024 356,244 315,980 672,224
DEPRECIATION
At 1 January 2024 356,244 293,361 649,605
Charge for year - 6,163 6,163
Eliminated on disposal - (723 ) (723 )
At 31 December 2024 356,244 298,801 655,045
NET BOOK VALUE
At 31 December 2024 - 17,179 17,179
At 31 December 2023 - 8,030 8,030

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,244,558 807,426
Other debtors 3,355 8,147
Deferred tax asset 112,085 182,487
Prepayments and accrued income 694,464 414,115
2,054,462 1,412,175

K.R.HANNAFORD & COMPANY LIMITED (REGISTERED NUMBER: 00989768)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,354 10,101
Trade creditors 832,695 558,004
Social security and other taxes 100,593 94,810
VAT 332,622 379,441
Other creditors 183,441 62,741
Net wages 7,664 5,163
Pensions 1,587 7,374
Directors' current accounts - 260,000
Accruals and deferred income 543,769 804,130
2,012,725 2,181,764

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 6,160 10,354
Bank loans - 2-5 years - 6,160
6,160 16,514

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 213,161 213,161
Between one and five years 503,046 716,207
716,207 929,368