Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-2742023-09-01falseFreight transportation5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10894725 2023-09-01 2024-08-31 10894725 2022-09-01 2023-08-31 10894725 2024-08-31 10894725 2023-08-31 10894725 2022-09-01 10894725 c:Director1 2023-09-01 2024-08-31 10894725 d:PlantMachinery 2023-09-01 2024-08-31 10894725 d:PlantMachinery 2024-08-31 10894725 d:PlantMachinery 2023-08-31 10894725 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10894725 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 10894725 d:MotorVehicles 2023-09-01 2024-08-31 10894725 d:MotorVehicles 2024-08-31 10894725 d:MotorVehicles 2023-08-31 10894725 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10894725 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 10894725 d:FurnitureFittings 2023-09-01 2024-08-31 10894725 d:FurnitureFittings 2024-08-31 10894725 d:FurnitureFittings 2023-08-31 10894725 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10894725 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 10894725 d:OfficeEquipment 2023-09-01 2024-08-31 10894725 d:OfficeEquipment 2024-08-31 10894725 d:OfficeEquipment 2023-08-31 10894725 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10894725 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 10894725 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10894725 d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 10894725 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 10894725 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 10894725 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 10894725 d:CurrentFinancialInstruments 2024-08-31 10894725 d:CurrentFinancialInstruments 2023-08-31 10894725 d:Non-currentFinancialInstruments 2024-08-31 10894725 d:Non-currentFinancialInstruments 2023-08-31 10894725 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10894725 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10894725 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10894725 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10894725 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 10894725 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 10894725 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 10894725 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 10894725 d:ShareCapital 2024-08-31 10894725 d:ShareCapital 2023-08-31 10894725 d:RetainedEarningsAccumulatedLosses 2024-08-31 10894725 d:RetainedEarningsAccumulatedLosses 2023-08-31 10894725 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 10894725 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 10894725 c:OrdinaryShareClass1 2023-09-01 2024-08-31 10894725 c:OrdinaryShareClass1 2024-08-31 10894725 c:OrdinaryShareClass1 2023-08-31 10894725 c:OrdinaryShareClass2 2023-09-01 2024-08-31 10894725 c:OrdinaryShareClass2 2024-08-31 10894725 c:OrdinaryShareClass2 2023-08-31 10894725 c:OrdinaryShareClass3 2023-09-01 2024-08-31 10894725 c:OrdinaryShareClass3 2024-08-31 10894725 c:OrdinaryShareClass3 2023-08-31 10894725 c:OrdinaryShareClass4 2023-09-01 2024-08-31 10894725 c:OrdinaryShareClass4 2024-08-31 10894725 c:OrdinaryShareClass4 2023-08-31 10894725 c:OrdinaryShareClass5 2023-09-01 2024-08-31 10894725 c:OrdinaryShareClass5 2024-08-31 10894725 c:OrdinaryShareClass5 2023-08-31 10894725 c:FRS102 2023-09-01 2024-08-31 10894725 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10894725 c:FullAccounts 2023-09-01 2024-08-31 10894725 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10894725 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 10894725 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 10894725 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 10894725 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 10894725 2 2023-09-01 2024-08-31 10894725 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-08-31 10894725 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-31 10894725 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-09-01 2024-08-31 10894725 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10894725









HANCIA LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
HANCIA LIMITED
REGISTERED NUMBER: 10894725

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
7,200
9,600

Tangible assets
 5 
39,334
50,720

  
46,534
60,320

Current assets
  

Debtors: amounts falling due within one year
 6 
222,174
254,212

Cash at bank and in hand
 7 
68,471
87,229

  
290,645
341,441

Creditors: amounts falling due within one year
 8 
(127,212)
(120,093)

Net current assets
  
 
 
163,433
 
 
221,348

Total assets less current liabilities
  
209,967
281,668

Creditors: amounts falling due after more than one year
 9 
(7,500)
(28,150)

Provisions for liabilities
  

Deferred tax
 12 
(7,474)
(12,680)

Net assets
  
194,993
240,838


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
  
194,893
240,738

  
194,993
240,838


Page 1

 
HANCIA LIMITED
REGISTERED NUMBER: 10894725
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 comprehensive income 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 on 27 May 2025.






B Groves
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
HANCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Hancia Limited is a private company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The company's principal activity during the year was that of freight transport and other transportation support activities.

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:

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

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
HANCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

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.

Page 4

 
HANCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.



 The estimated useful lives range as follows:

Franchise fee
-
10
years

 
2.10

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.

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

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
15%
reducing balance
Fixtures and fittings
-
15%
reducing balance
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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
HANCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

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.

 
2.15

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

 
2.16

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 5 (2023 -4).

Page 6

 
HANCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Franchise fee

£



Cost


At 1 September 2023
24,000



At 31 August 2024

24,000



Amortisation


At 1 September 2023
14,400


Charge for the year on owned assets
2,400



At 31 August 2024

16,800



Net book value



At 31 August 2024
7,200



At 31 August 2023
9,600



Page 7

 
HANCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
560
58,460
494
1,617
61,131


Additions
-
-
-
1,110
1,110


Disposals
-
(6,500)
-
-
(6,500)



At 31 August 2024

560
51,960
494
2,727
55,741



Depreciation


At 1 September 2023
150
9,519
327
415
10,411


Charge for the year on owned assets
82
1,629
25
763
2,499


Charge for the year on financed assets
-
4,956
-
-
4,956


Disposals
-
(1,459)
-
-
(1,459)



At 31 August 2024

232
14,645
352
1,178
16,407



Net book value



At 31 August 2024
328
37,315
142
1,549
39,334



At 31 August 2023
410
48,941
167
1,202
50,720

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
28,084
33,040

Page 8

 
HANCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Debtors

2024
2023
£
£


Trade debtors
181,421
208,323

Other debtors
40,680
40,680

Prepayments and accrued income
73
5,209

222,174
254,212



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
68,471
87,229



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
89,644
62,011

Corporation tax
5,216
20,948

Other taxation and social security
7,116
7,184

Obligations under finance lease and hire purchase contracts
10,650
15,666

Other creditors
716
564

Accruals and deferred income
3,870
3,720

127,212
120,093



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,500
17,500

Net obligations under finance leases and hire purchase contracts
-
10,650

7,500
28,150


Page 9

 
HANCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
7,500
10,000

Amounts falling due 2-5 years

Bank loans
-
7,500

17,500
27,500



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
10,650
15,666

Between 1-5 years
-
10,650

10,650
26,316

Page 10

 
HANCIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

12.


Deferred taxation




2024
2023


£

£






At beginning of year
(12,680)
(3,745)


Released/(charged) to profit or loss
5,206
(8,935)



At end of year
(7,474)
(12,680)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(7,474)
(12,680)


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



70 (2023 - 70) Ordinary shares of £1.00 each
70
70
5 (2023 - 5) Ordinary A shares of £1.00 each
5
5
5 (2023 - 5) Ordinary B shares of £1.00 each
5
5
5 (2023 - 5) Ordinary C shares of £1.00 each
5
5
5 (2023 - 5) Ordinary D shares of £1.00 each
5
5
5 (2023 - 5) Ordinary E shares of £1.00 each
5
5
5 (2023 - 5) Ordinary F shares of £1.00 each
5
5

100

100

The Ordinary, Ordinary A, Ordinary B, Ordinary C, Ordinary D, Ordinary E and Ordinary F shares of the company shall rank pari passu in terms of voting rights and entitlement to participation in a winding up with the exception of dividend rights which will be entirely at the discretion of the company.



14.


Pension commitments

The company operates defined contribution pension schemes for the benefit of the employees. The assets of the schemes are administerd by trustees in funds independent from those of the company. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,553 (2023 - £1,892). Contributions totalling £617 (2023 - £529) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11