Registration number: 03946853

Inter-Cover (E.Hampson) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Inter-Cover (E.Hampson) Limited

(Registration number: 03946853)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	29,423	34,327
Tangible assets	5	132,591	137,317
		162,014	171,644
Current assets
Stocks	6	42,890	51,397
Debtors	7	154,943	76,031
Cash at bank and in hand		32,563	13,597
		230,396	141,025
Creditors: Amounts falling due within one year	8	(293,432)	(203,107)
Net current liabilities		(63,036)	(62,082)
Total assets less current liabilities		98,978	109,562
Creditors: Amounts falling due after more than one year	8	(29,069)	(45,422)
Provisions for liabilities		(15,075)	(16,051)
Net assets		54,834	48,089
Capital and reserves
Called up share capital		15	15
Revaluation reserve		44,005	43,125
Retained earnings		10,814	4,949
Shareholders' funds		54,834	48,089

For the financial year ending 30 April 2025 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 and 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.

Approved and authorised by the Board on 29 October 2025 and signed on its behalf by:
 

Inter-Cover (E.Hampson) Limited

(Registration number: 03946853)
Balance Sheet as at 30 April 2025

......................................... Mrs R Hankinson Director

......................................... Mr G Hankinson Director

Inter-Cover (E.Hampson) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

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

The address of its registered office is:
Kaliko House
33 Hall Carr Road
Rossendale
Lancashire
BB4 6AW

These financial statements were authorised for issue by the Board on 29 October 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Inter-Cover (E.Hampson) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet 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:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Inter-Cover (E.Hampson) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

Inter-Cover (E.Hampson) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2024	255,000	255,000
At 30 April 2025	255,000	255,000
Amortisation
At 1 May 2024	220,673	220,673
Amortisation charge	4,904	4,904
At 30 April 2025	225,577	225,577
Carrying amount
At 30 April 2025	29,423	29,423
At 30 April 2024	34,327	34,327

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 May 2024	160,000	18,492	1,247	179,739
At 30 April 2025	160,000	18,492	1,247	179,739
Depreciation
At 1 May 2024	24,658	16,583	1,181	42,422
Charge for the year	4,374	286	66	4,726
At 30 April 2025	29,032	16,869	1,247	47,148
Carrying amount
At 30 April 2025	130,968	1,623	-	132,591
At 30 April 2024	135,342	1,909	66	137,317

Included within the net book value of land and buildings above is £130,968 (2024 - £135,342) in respect of freehold land and buildings.
 

Inter-Cover (E.Hampson) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6

Stocks

	2025 £	2024 £
Other inventories	42,890	51,397

7

Debtors

Current	2025 £	2024 £
Trade debtors	154,943	76,031
	154,943	76,031

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	80,657	77,156
Trade creditors		61,196	69,108
Taxation and social security		82,526	52,558
Accruals and deferred income		67,959	3,175
Other creditors		1,094	1,110
		293,432	203,107

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	29,069	45,422

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	880	880

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Inter-Cover (E.Hampson) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	43,125	43,125

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	25,432	44,044
Other borrowings	3,637	1,378
	29,069	45,422

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	15,847	15,847
Bank overdrafts	11,117	18,219
Other borrowings	53,693	43,090
	80,657	77,156