REGISTERED NUMBER: 04646106 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Hockridge and Stacey Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

41,351

50,599

41,351

50,599

CURRENT ASSETS

Stocks

120,350

116,221

Debtors

6

33,299

30,739

Investments

7

33,387

33,387

Cash at bank and in hand

69,989

95,488

257,025

275,835

CREDITORS

Amounts falling due within one year

8

124,065

154,395

NET CURRENT ASSETS

132,960

121,440

TOTAL ASSETS LESS CURRENT LIABILITIES

174,311

172,039

CREDITORS

Amounts falling due after more than one year

9

1,749

12,203

NET ASSETS

172,562

159,836

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

172,462

159,736

SHAREHOLDERS' FUNDS

172,562

159,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2025 and were signed on its behalf by:

K J Hockridge - Director

1.	STATUTORY INFORMATION

Hockridge and Stacey Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04646106

Registered office:

Hockridge Appliance Centre

Quarry Crescent

Pennygillam Industrial Estate

Launceston

Cornwall

PL15 7PF

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Short leasehold

Straight line over 6 and 7 years

Fixtures and fittings

20% reducing balance

Motor vehicles

25% reducing balance

Rental equipment

Straight line over 5 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

70,000

AMORTISATION

At 1 April 2024

and 31 March 2025

70,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Rental

leasehold

fittings

vehicles

stock

Totals

£

£

£

£

£

COST

At 1 April 2024

18,206

39,099

41,648

26,687

125,640

Additions

-

-

-

4,549

4,549

Disposals

-

-

-

(6,517

)

(6,517

)

At 31 March 2025

18,206

39,099

41,648

24,719

123,672

DEPRECIATION

At 1 April 2024

3,587

34,825

18,934

17,695

75,041

Charge for year

2,193

857

5,679

3,157

11,886

Eliminated on disposal

-

-

-

(4,606

)

(4,606

)

At 31 March 2025

5,780

35,682

24,613

16,246

82,321

NET BOOK VALUE

At 31 March 2025

12,426

3,417

17,035

8,473

41,351

At 31 March 2024

14,619

4,274

22,714

8,992

50,599

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

19,648

22,650

Other debtors

13,651

8,089

33,299

30,739

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Unlisted investments

33,387

33,387

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,462

10,205

Trade creditors

56,662

84,848

Taxation and social security

23,380

23,867

Other creditors

33,561

35,475

124,065

154,395

The bank loan is secured by a debenture in favour of the bank dated 20th May 2003 giving a fixed and floating charge over the company's assets and a charge over Mr and Mrs K Hockridge's private residence.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,749

12,203

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

29,250

23,000

Between one and five years

12,000

17,250

41,250

40,250

11.	RELATED PARTY DISCLOSURES

From 1st January 2025 the company entered into a lease of a industrial storage unit that is held in Mr K J Hockridge's SIPP at a market rent of £1,000 per month.