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Company Registration No. 12626497 (England and Wales)
Handover Services Ltd Unaudited accounts for the year ended 31 May 2025
Handover Services Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Handover Services Ltd Company Information for the year ended 31 May 2025
Director
Victoria Dance
Company Number
12626497 (England and Wales)
Registered Office
13 Meteor Close Norwich Norfolk NR6 6HQ England
Accountants
JHW Azoth Ltd 13 The Close Norwich Norfolk NR1 4DS
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Handover Services Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
14,422
18,690
Current assets
Inventories
7,124
6,195
Debtors
5
120,821
601
Cash at bank and in hand
11,644
2,967
139,589
9,763
Creditors: amounts falling due within one year
6
(93,697)
(10,731)
Net current assets/(liabilities)
45,892
(968)
Total assets less current liabilities
60,314
17,722
Creditors: amounts falling due after more than one year
7
(4,591)
(9,830)
Provisions for liabilities
Deferred tax
(3,605)
(4,672)
Other provisions
-
(1,833)
(3,605)
(6,505)
Net assets
52,118
1,387
Capital and reserves
Called up share capital
100
100
Profit and loss account
52,018
1,287
Shareholders' funds
52,118
1,387
For the year ending 31 May 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 June 2026 and were signed on its behalf by
Victoria Dance Director Company Registration No. 12626497
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Handover Services Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Handover Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12626497. The registered office is 13 Meteor Close, Norwich, Norfolk, NR6 6HQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% RB
Fixtures & fittings
25% RB
Computer equipment
25% RB
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Handover Services Ltd Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
38,350
568
2,288
41,206
Additions
-
233
241
474
At 31 May 2025
38,350
801
2,529
41,680
Depreciation
At 1 June 2024
21,456
100
960
22,516
Charge for the year
4,224
162
356
4,742
At 31 May 2025
25,680
262
1,316
27,258
Net book value
At 31 May 2025
12,670
539
1,213
14,422
At 31 May 2024
16,894
468
1,328
18,690
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
12,621
13,060
Amounts due from group undertakings etc.
108,200
5,993
Other debtors
-
(44,160)
120,821
(25,107)
Amounts falling due after more than one year
Other debtors
-
25,708
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,317
3,396
VAT
10,766
22,675
Obligations under finance leases and hire purchase contracts
3,290
7,664
Trade creditors
98
7,710
Taxes and social security
31,740
11,533
Other creditors
-
3,981
Loans from directors
43,486
(47,343)
Deferred income
-
1,115
93,697
10,731
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
4,591
9,830
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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