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Registration number: 01489197

William C. Hockin (Transport) Limited Annual Report and Unaudited Financial Statements for the year ended 30 September 2024

William C. Hockin (Transport) Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

William C. Hockin (Transport) Limited

(Registration number: 01489197)
Balance Sheet as at 30 September 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 630,731 | 624,928
Investment property | 5 | 510,466 | 561,757
|  | 1,141,197 | 1,186,685
Current assets |  |  |
Debtors | 6 | 907,708 | 444,156
Cash at bank and in hand |  | 1,223,107 | 1,581,510
|  | 2,130,815 | 2,025,666
Creditors: Amounts falling due within one year | 7 | (178,357) | (235,746)
Net current assets |  | 1,952,458 | 1,789,920
Total assets less current liabilities |  | 3,093,655 | 2,976,605
Provisions for liabilities |  | (50,753) | (36,944)
Net assets |  | 3,042,902 | 2,939,661
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Non-distributable reserve (investment properties) |  | 65,494 | 53,532
Retained Earnings |  | 2,977,308 | 2,886,029
Shareholders' funds |  | 3,042,902 | 2,939,661

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

William C. Hockin (Transport) Limited

(Registration number: 01489197)
Balance Sheet as at 30 September 2024

Approved and authorised for issue by the Board on 11 June 2025 and signed on its behalf by:

Mr W C Hockin

Director

William C. Hockin (Transport) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1 | General information

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

The address of its registered office is:
Gratton Way
Roundswell Business Park
Barnstaple
Devon
EX31 3NL

These financial statements were authorised for issue by the Board on 11 June 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current and deferred 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 income 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.

William C. Hockin (Transport) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Buildings | 2% on cost and 15% on reducing balance
Plant and machinery | 25% on reducing balance
Fixtures and fittings | 25% on cost and 15% on reducing balance
Vehicles | 25% on reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors have used 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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

William C. Hockin (Transport) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

3 | Staff numbers

The average number of persons employed by the company (including directors under service contract) during the year, was 5 (2023 - 4).

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2023 | 625,567 | 167,596 | 20,000 | 23,509 | 836,672
Additions | - | 3,396 | 29,601 | - | 32,997
At 30 September 2024 | 625,567 | 170,992 | 49,601 | 23,509 | 869,669
Depreciation
At 1 October 2023 | 97,038 | 86,499 | 12,055 | 16,152 | 211,744
Charge for the year | 13,488 | 3,714 | 8,153 | 1,839 | 27,194
At 30 September 2024 | 110,526 | 90,213 | 20,208 | 17,991 | 238,938
Carrying amount
At 30 September 2024 | 515,041 | 80,779 | 29,393 | 5,518 | 630,731
At 30 September 2023 | 528,529 | 81,097 | 7,945 | 7,357 | 624,928

William C. Hockin (Transport) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5 | Investment properties

| 2024 £
At 1 October | 561,757
Disposals | (67,240)
Fair value adjustments | 15,949
At 30 September | 510,466

6 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 124,954 | 122,386
Amounts owed by related parties | 8 | 567,296 | 204,613
Prepayments |  | 36,507 | 30,331
Other debtors |  | 178,951 | 86,826
|  | 907,708 | 444,156

7 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 37,423 | 38,835
Taxation and social security | 92,593 | 157,172
Accruals and deferred income | 48,060 | 39,739
Other creditors | 281 | -
| 178,357 | 235,746

8 | Related party transactions

Transactions with directors

2024 | At 1 October 2023 £ | Advances to director £ | At 30 September 2024 £
Interest free loans to directors | 204,613 | 362,683 | 567,296

William C. Hockin (Transport) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2023 | At 1 October 2022 £ | Advances to director £ | Repayments by director £ | At 30 September 2023 £
Interest free loans to directors | (68,343) | 496,769 | (223,813) | 204,613