D L Hancock Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04973851

D L Hancock Limited

Filleted Unaudited Financial Statements

30 November 2024

D L Hancock Limited

Statement of Financial Position

30 November 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		127,621	159,682

Current assets

Stocks		10,310	6,533
Debtors	6	571,611	572,576
Cash at bank and in hand		4,395	22,771
		---------	---------
		586,316	601,880

Creditors: amounts falling due within one year	7	147,454		152,636
		---------		---------
Net current assets			438,862	449,244
			---------	---------
Total assets less current liabilities			566,483	608,926

Creditors: amounts falling due after more than one year	8	55,102	102,799
		---------	---------
Net assets		511,381	506,127
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	511,380	506,126
	---------	---------
Shareholders funds	511,381	506,127
	---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

D L Hancock Limited

Statement of Financial Position (continued)

30 November 2024

These financial statements were approved by the board of directors and authorised for issue on 3 June 2026 , and are signed on behalf of the board by:

Mr D L Hancock
Director

Company registration number: 04973851

D L Hancock Limited

Notes to the Financial Statements

Year ended 30 November 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chapel House, 13 North Street, Bicester, Oxon, OX26 6NA.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

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

Plant & Machinery	-	25% straight line
Motor Vehicles	-	25% reducing balance
Fixtures, Fittings & Office Equipment	-	20% straight line

Impairment of fixed assets

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2023: 11 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 December 2023	14,650	33,651	248,880	47,449	344,630
Additions	–	–	–	4,846	4,846
	--------	--------	---------	--------	---------
At 30 November 2024	14,650	33,651	248,880	52,295	349,476
	--------	--------	---------	--------	---------
Depreciation
At 1 December 2023	–	33,651	110,249	41,048	184,948
Charge for the year	–	–	34,657	2,250	36,907
	--------	--------	---------	--------	---------
At 30 November 2024	–	33,651	144,906	43,298	221,855
	--------	--------	---------	--------	---------
Carrying amount
At 30 November 2024	14,650	–	103,974	8,997	127,621
	--------	--------	---------	--------	---------
At 30 November 2023	14,650	–	138,631	6,401	159,682
	--------	--------	---------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	217,805	218,770
Other debtors	353,806	353,806
	---------	---------
	571,611	572,576
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	499	525
Corporation tax	57,779	57,779
Social security and other taxes	2,788	3,319
Other creditors	86,388	91,013
	---------	---------
	147,454	152,636
	---------	---------

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

	2024	2023
	£	£
Other creditors	55,102	102,799
	--------	---------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D L Hancock	( 39,598)	–	8,025	( 31,573)
	--------	----	-------	--------

	2023
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D L Hancock	( 1,221)	( 97,337)	58,960	( 39,598)
	-------	--------	--------	--------