P J HANCE LTD


Directors	HANCE, Elizabeth Marie
	HANCE, Peter Jonathan


Registered Address	Bramble Farm Mill Lane
	Greet
	Cheltenham
	GL54 5NZ


Registered Number	07478540 (England and Wales)

Statement of Financial Position
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,802		8,419
			1,802		8,419
Current assets
Stocks	4	2,500		6,000
Debtors	5	919		1,508
Cash at bank and on hand		1,085		3,411
		4,504		10,919
Creditors amounts falling due within one year	6	(189,696)		(172,515)
Net current assets (liabilities)			(185,192)		(161,596)
Total assets less current liabilities			(183,390)		(153,177)
Creditors amounts falling due after one year	7		-		(4,000)
Net assets			(183,390)		(157,177)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(183,490)		(157,277)
Shareholders' funds			(183,390)		(157,177)

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 August 2026, and are signed on its behalf by:

HANCE, Peter Jonathan
Director
Registered Company No. 07478540

P J HANCE LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	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.

	Going concern
	Despite suffering losses in the current year, the entity continues to trade with the continued support of the director. Therefore, the director considers that the financial statements should be prepared on a going concern basis.

	Revenue from 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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Fixtures and fittings	-	4
Vehicles	20	-

	Stocks and work in progress
	Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 25	13,418	27,470	1,643	42,531
Disposals	(13,418)	(10,690)	(1,643)	(25,751)
At 31 December 25	-	16,780	-	16,780
Depreciation and impairment
At 01 January 25	10,352	22,117	1,643	34,112
Charge for year	766	1,071	-	1,837
On disposals	(11,118)	(8,210)	(1,643)	(20,971)
At 31 December 25	-	14,978	-	14,978
Net book value
At 31 December 25	-	1,802	-	1,802
At 31 December 24	3,066	5,353	-	8,419

4.	Stocks

	2025	2024
	£	£
Finished goods	2,500	6,000
Total	2,500	6,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	919	432
Prepayments and accrued income	-	1,076
Total	919	1,508

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	64,520	6,000
Amounts owed to related parties	124,176	164,236
Taxation and social security	-	92
Accrued liabilities and deferred income	1,000	2,187
Total	189,696	172,515

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	4,000
Total	-	4,000

8.	Obligations under finance leases