Hanover Fox (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11688380 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Hanover Fox (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C D Cornwell

N A Watkins

P R De Glanville

REGISTERED OFFICE:

7 Soundwell Road

Staple Hill

Bristol

BS16 4G

REGISTERED NUMBER:

11688380 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Intangible assets

4

11,000

-

Tangible assets

5

561

841

11,561

841

CURRENT ASSETS

Debtors

6

67,494

45,702

Cash at bank

128,765

96,550

196,259

142,252

CREDITORS

Amounts falling due within one year

7

160,385

106,549

NET CURRENT ASSETS

35,874

35,703

TOTAL ASSETS LESS CURRENT LIABILITIES

47,435

36,544

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

47,345

36,454

47,435

36,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 15 November 2022 and were signed on its behalf by:

N A Watkins - Director

1.	STATUTORY INFORMATION

Hanover Fox (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 0, is being amortised evenly over its estimated useful life of nil 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.

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

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

11,000

At 31 March 2022

11,000

NET BOOK VALUE

At 31 March 2022

11,000

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2021

and 31 March 2022

1,121

DEPRECIATION

At 1 April 2021

280

Charge for year

280

At 31 March 2022

560

NET BOOK VALUE

At 31 March 2022

561

At 31 March 2021

841

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

67,494

39,599

Tax

-

4,241

VAT

-

1,862

67,494

45,702

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

46,533

104,396

Tax

1,299

-

VAT

10,398

-

Directors' current accounts

1,155

1,153

Accruals and deferred income

101,000

1,000

160,385

106,549