Cox Hinkins & Co. Limited 31/12/2024 iXBRL

Cox Hinkins & Co. Limited

Filleted accounts

31 December 2024

Company registration number: 02571716

Cox Hinkins & Co. Limited

Directors and other information


	Directors	Mr M H Hinkins
		Mr A A Marshall
		Mr R M Morgan
		Mrs R Leadbetter
		Mr P K Jain
		Mr S Lohade


	Secretary	M H Hinkins


	Company number	02571716


	Registered office	The Old Dairy
		12 Stephen Road
		Headington
		Oxon
		OX3 9AY

Cox Hinkins & Co. Limited

Balance sheet

31st December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	5	676,581		709,269
Tangible assets	6	6,471		12,234
		_______		_______
			683,052		721,503

Current assets
Debtors	7	497,407		468,998
Cash at bank and in hand		431		118,295
		_______		_______
		497,838		587,293
Creditors: amounts falling due
within one year	8	( 210,730)		( 103,641)
		_______		_______
Net current assets			287,108		483,652
			_______		_______
Total assets less current liabilities			970,160		1,205,155

Creditors: amounts falling due
after more than one year	9		( 873,020)		( 1,114,020)
			_______		_______
Net assets			97,140		91,135
			_______		_______

Capital and reserves
Called up share capital	10		3,100		3,100
Profit and loss account			94,040		88,035
			_______		_______
Shareholders funds			97,140		91,135
			_______		_______

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr P K Jain

Director

Company registration number: 02571716

Cox Hinkins & Co. Limited

Notes to the financial statements

Year ended 31st December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxon, OX3 9AY. There was no significant change in the company's principal activity during the year which continued to be the provision of accounting and taxation services.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	straight line over 25 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:


Leasehold improvements	-	straight line over the life of the lease
Computer equipment	-	25 %	straight line
Office equipment	-	10 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2023: 12 ).

5. Intangible assets

		Goodwill
		£
	Cost
	At 1st January 2024 and 31st December 2024	817,275
		_______
	Amortisation
	At 1st January 2024	108,006
	Charge for the year	32,688
		_______
	At 31st December 2024	140,694
		_______
	Carrying amount
	At 31st December 2024	676,581
		_______
	At 31st December 2023	709,269
		_______

6. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1st January 2024	9,295	18,612	11,558	39,465
Additions	-	561	-	561
	_______	_______	_______	_______
At 31st December 2024	9,295	19,173	11,558	40,026
	_______	_______	_______	_______
Depreciation
At 1st January 2024	4,712	13,498	9,021	27,231
Charge for the year	1,430	2,917	1,977	6,324
	_______	_______	_______	_______
At 31st December 2024	6,142	16,415	10,998	33,555
	_______	_______	_______	_______
Carrying amount
At 31st December 2024	3,153	2,758	560	6,471
	_______	_______	_______	_______
At 31st December 2023	4,583	5,114	2,537	12,234
	_______	_______	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	167,325	191,600
Other debtors	330,082	277,398
	_______	_______
	497,407	468,998
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	67,439	-
Trade creditors	7,635	2,751
Social security and other taxes	87,941	89,847
Other creditors	47,715	11,043
	_______	_______
	210,730	103,641
	_______	_______

The bank holds a fixed and floating charge over all the assets of the company.

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	873,020	1,114,020
	_______	_______

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary shares of £ 1.00 each	1,000	1,000	1,000	1,000
Ordinary A shares of £ 1.00 each	100	100	100	100
Non Voting Ordinary shares of £ 1.00 each	2,000	2,000	2,000	2,000
	_______	_______	_______	_______
	3,100	3,100	3,100	3,100
	_______	_______	_______	_______

11. Controlling party

During the year the company was under the control of Globalisor Limited , a company incorporated in England and Wales, which owned 100% of the issued share capital.