Hansford Limited


Director	Mr J L EDGAR


Registered Address	James Watson House Montgomery Way
	Rosehill Industrial Estate
	Carlisle
	CA1 2UU


Place of Business	193 Brampton Road
	Carlisle
	CA3 9AX


Registered Number	06005521 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 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 unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 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 policy

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 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.

	Current taxation
	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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Land is not depreciated.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income.

Land is not depreciated.


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	20
Office Equipment	15	-

	Investment property
	Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	243,520	230	243,750
Additions	8,600	-	8,600
Disposals	(4,840)	-	(4,840)
At 31 March 25	247,280	230	247,510
Depreciation and impairment
At 01 April 24	65,038	217	65,255
Charge for year	12,257	2	12,259
At 31 March 25	77,295	219	77,514
Net book value
At 31 March 25	169,985	11	169,996
At 31 March 24	178,482	13	178,495

4.	Investment property
	The 2025 valuations were made by the director, on an open market value for existing use basis.


		£
	Fair value at 01 April 24	139,000
	At 31 March 25	139,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	196,407	47,607
Prepayments and accrued income	8,461	8,461
Total	204,868	56,068

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	11,379	3,840
Taxation and social security	67,044	42,432
Accrued liabilities and deferred income	4,320	4,380
Total	82,743	50,652


	Lloyds TSB Bank plc has a charge dated 17 August 2011 to secure all monies owed.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	51,138	26,008
Total	51,138	26,008


	Lloyds TSB Bank plc has a charge dated 17 August 2011 to secure all monies owed. The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is £11,795 (2024 - £15,524).

8.	Provisions for liabilities
	The provision for deferred tax is made up of £8,418 in respect of fair value on investment property, and £42,400 in respect of fair value on revalued tangible assets.

	2025	2024
	£	£
Net deferred tax liability (asset)	50,818	53,018
Total	50,818	53,018

9.	Related party transactions
	During the period rent of £4,860 (2024 − £4,860) was paid to the director for use of a property occupied by the company. Nothing was outstanding at the reporting date in this respect (2024 − £nil). During the period rent of £18,300 (2024 - £18,300) was paid by the company to a company in which the director is also a director and majority shareholder for use of storage containers owned by the company. Nothing was outstanding at the reporting date in this respect (2024 − £nil). During the period rent of £200 (2024 - £nil) was paid by the company to a company in which the director is also a director and majority shareholder for use of storage containers owned by the company. Nothing was outstanding at the reporting date in this respect (2024 − £nil). At the balance sheet date the company was owed £170,096 (2024 - £27,821) by a company in which the director is also a director and majority shareholder. This balance is included within other debtors and is unsecured, interest free and repayable on demand. At the balance sheet date the company was owed £8,365 (2024 - £8,365) by a company in which the director is also a director and majority shareholder. This balance is included within other debtors and is unsecured, interest free and repayable on demand. At the balance sheet date the company owed £5,750 (2024 - £nil) to a company in which the director is also a director and majority shareholder. This balance is included within other creditors and is unsecured, interest free and repayable on demand. At 1 April 2024 the director owed the company £11,421. During the period the company made further advances to the director amounting to £19,743 and the director made repayments of £18,985. At the reporting date the director owed the company £12,196 and is included within other debtors. Interest of £17 was charged on this loan, which unsecured and repayable on demand.

Related party transactions

During the period rent of £4,860 (2024 − £4,860) was paid to the director for use of a property occupied by the company. Nothing was outstanding at the reporting date in this respect (2024 − £nil).

During the period rent of £18,300 (2024 - £18,300) was paid by the company to a company in which the director is also a director and majority shareholder for use of storage containers owned by the company. Nothing was outstanding at the reporting date in this respect (2024 − £nil).

During the period rent of £200 (2024 - £nil) was paid by the company to a company in which the director is also a director and majority shareholder for use of storage containers owned by the company. Nothing was outstanding at the reporting date in this respect (2024 − £nil).

At the balance sheet date the company was owed £170,096 (2024 - £27,821) by a company in which the director is also a director and majority shareholder. This balance is included within other debtors and is unsecured, interest free and repayable on demand.

At the balance sheet date the company was owed £8,365 (2024 - £8,365) by a company in which the director is also a director and majority shareholder. This balance is included within other debtors and is unsecured, interest free and repayable on demand.

At the balance sheet date the company owed £5,750 (2024 - £nil) to a company in which the director is also a director and majority shareholder. This balance is included within other creditors and is unsecured, interest free and repayable on demand.

At 1 April 2024 the director owed the company £11,421. During the period the company made further advances to the director amounting to £19,743 and the director made repayments of £18,985. At the reporting date the director owed the company £12,196 and is included within other debtors. Interest of £17 was charged on this loan, which unsecured and repayable on demand.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		169,996		178,495
Investment property	4		139,000		139,000
			308,996		317,495
Current assets
Debtors	5	204,868		56,068
Cash at bank and on hand		61,280		60,938
		266,148		117,006
Creditors amounts falling due within one year	6	(82,743)		(50,652)
Net current assets (liabilities)			183,405		66,354
Total assets less current liabilities			492,401		383,849
Creditors amounts falling due after one year	7		(51,138)		(26,008)
Provisions for liabilities	8		(50,818)		(53,018)
Net assets			390,445		304,823
Capital and reserves
Called up share capital			1		1
Other reserves			30,500		30,500
Profit and loss account			359,944		274,322
Shareholders' funds			390,445		304,823