Hancox & Co Limited Accounts






Hancox & Co Limited

	Company No. 07335659
		Information for Filing with The Registrar
		31 January 2025

The Director presents her report and the accounts for the year ended 31 January 2025.

Principal activities
The principal activity of the company during the year under review was that of chartered accountants and chartered tax advisers.




Director

The Director who served at any time during the year was as follows:

J.J. Hancox









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

J.J. Hancox
Director
12 February 2025

at	31 January 2025
Company No.		07335659	Notes	2025	2024
				£	£
Fixed assets
	Intangible assets		4	18,074	36,147
	Tangible assets		5	29,356	35,314


				47,430	71,461
Current assets

	Debtors		6	63,758	35,812

	Cash at bank and in hand			264,672	256,910
				328,430	292,722
Creditors: Amount falling due within one year			7	(76,093)	(41,339)
Net current assets				252,337	251,383
Total assets less current liabilities				299,767	322,844




Net assets				299,767	322,844

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		9	299,667	322,744

Total equity				299,767	322,844



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 12 February 2025 and signed on its behalf by:
J.J. Hancox
Director
12 February 2025

for the year ended 31 January 2025

General information

Hancox & Co Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 07335659

Its registered office is:

317 Old Wakefield Road

Moldgreen

Huddersfield

HD5 8AA

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

25% Reducing Balance

Furniture, fittings and equipment

20% Reducing Balance

Taxation

The tax expense represents the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

Defined contribution pensions

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 payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	15	15

4	Intangible fixed assets
			Goodwill	Total
			£	£
		Cost
		At 1 February 2024	334,678	334,678


		At 31 January 2025	334,678	334,678
		Amortisation and impairment
		At 1 February 2024	298,531	298,531
		Charge for the year	18,073	18,073


		At 31 January 2025	316,604	316,604
		Net book values
		At 31 January 2025	18,074	18,074
		At 31 January 2024	36,147	36,147

5	Tangible fixed assets
			Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 February 2024	54,391	23,095	77,486
		Additions	-	3,356	3,356


		Disposals	-	(531)	(531)
		At 31 January 2025	54,391	25,920	80,311
		Depreciation
		At 1 February 2024	31,445	10,727	42,172
		Charge for the year	5,737	3,046	8,783



		At 31 January 2025	37,182	13,773	50,955
		Net book values
		At 31 January 2025	17,209	12,147	29,356
		At 31 January 2024	22,946	12,368	35,314

6	Debtors
			2025	2024
			£	£
		Trade debtors	51,208	33,876





		Other debtors	10,000	700
		Prepayments and accrued income	2,550	1,236
			63,758	35,812

7	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	262	461


		Trade creditors	-	489

		Taxes and social security	35,347	39,009
		Loans from directors	5,000	990
		Other creditors	378	390
		Accruals and deferred income	35,106	-
			76,093	41,339

Share Capital

100 ordinary shares of £1 each, fully paid up.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

10	Dividends
			2025	2024
			£	£
		Dividends for the period:
		Dividends paid in the period	30,743	35,080

			30,743	35,080

		Dividends by type:

		Equity dividends	30,743	35,080
			30,743	35,080