1.
General Information
Hocrest Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
11787493
. The registered office is 1 & 2 Studley Court Mews, Guildford Road, Chobham, Surrey, GU24 8EB.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
|
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 94 (2024: 87)
4.
Intangible Assets
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 February 2024 |
|
||
| As at 31 January 2025 |
|
||
| Net Book Value | |||
| As at 31 January 2025 |
|
||
| As at 1 February 2024 |
|
||
Hocrest Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
5.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at 1 February 2024 |
|
| Additions |
|
| As at 31 January 2025 |
|
| Depreciation | |
| As at 1 February 2024 |
|
| Provided during the period |
|
| As at 31 January 2025 |
|
| Net Book Value | |
| As at 31 January 2025 |
|
| As at 1 February 2024 |
|
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | 10,089 | 3,139 | |
|
|
|
||
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Bounce back loan less than 1yr |
|
|
|
| Other creditors | 138,473 | 254,913 | |
| Taxation and social security |
|
|
|
|
|
|
||
8.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
| Bounce back loan over 1yr |
|
|
|
| Aylesbury Purchase more than 1year |
|
|
|
|
|
|
||
Hocrest Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
9.
Secured Creditors
Secured Debts
The following secured debts are included within creditors:
|
2025
£
|
2024
£
|
|
|
HSBC UK Bank PLC
|
136,500
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
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|
136,500
|
The company has a loan agreements with HSBC UK Bank PLC, a company incorporated in England under the Companies Act of England and Wales. Form of charge filed at the Land Registry under ref. MD1557A.
Contains floating charge(s) (floating charge covers all the property or undertaking of the company).
Contains negative pledge.
The charge to HSBC UK Bank PLC over the company was dated 4th June 2019.
11.
Dividends
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
|
|
|
12.
Reserves
|
Retained
earnings
|
|
|
£
|
|
|
At 1 February 2024
|
144,267
|
|
Profit for the year
|
190,703
|
|
Dividends
|
(180,000)
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
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|
|
At 31 January 2025
|
154,970
|
13.
Related Party Transactions
At the end of the year company owed an amount 9,629 (2024 :£6,353) to the directors.
Hocrest Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
14.
Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.