H A C M Limited - Accounts to registrar (filleted) - small 18.2

H A C M Limited - Accounts to registrar (filleted) - small 18.2

H A C M LIMITED - Company Information

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REGISTERED NUMBER: 04967995 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2022

for

H A C M Limited
H A C M Limited (Registered number: 04967995)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H A C M Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mr M L Evans
Mrs S A Harris





SECRETARY: Mr M L Evans





REGISTERED OFFICE: Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA





REGISTERED NUMBER: 04967995 (England and Wales)





ACCOUNTANTS: Haines Watts
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA
Page 1
H A C M Limited (Registered number: 04967995)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,080 6,253

CURRENT ASSETS
Stocks 44,960 33,330
Debtors 5 19,662 25,835
Cash at bank and in hand 369,292 352,164
433,914 411,329
CREDITORS
Amounts falling due within one year 6 272,561 250,469
NET CURRENT ASSETS 161,353 160,860
TOTAL ASSETS LESS CURRENT
LIABILITIES
166,433
167,113

PROVISIONS FOR LIABILITIES 1,063 1,047
NET ASSETS 165,370 166,066

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings 165,361 166,057
SHAREHOLDERS' FUNDS 165,370 166,066

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 notes form part of these financial statements

Page 2 continued...
H A C M Limited (Registered number: 04967995)

Balance Sheet - continued
31 March 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2022 and were signed on its behalf by:





Mr M L Evans - Director


The notes form part of these financial statements

Page 3
H A C M Limited (Registered number: 04967995)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

H A C M Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Page 4 continued...
H A C M Limited (Registered number: 04967995)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 23,431
Additions 1,233
Disposals (3,330 )
At 31 March 2022 21,334
DEPRECIATION
At 1 April 2021 17,178
Charge for year 1,693
Eliminated on disposal (2,617 )
At 31 March 2022 16,254
NET BOOK VALUE
At 31 March 2022 5,080
At 31 March 2021 6,253

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 18,871 24,846
Other debtors 791 989
19,662 25,835

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 276 2,290
Taxation and social security 6,634 6,966
Other creditors 265,651 241,213
272,561 250,469

7. OTHER FINANCIAL COMMITMENTS

The company has total commitments of £1,000 (2021: £1,000).

Page 5 continued...
H A C M Limited (Registered number: 04967995)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. ULTIMATE CONTROLLING PARTY

The controlling party is Sam Harris Case Management Limited..

The registered office of Sam Harris Case Management Limited is Cliffe Hill House, 22-26 Nottingham Road, Stapleford, Nottingham, NG9 8AA and its principal place of business is 21 Beaconsfield Street, Long Eaton, Nottingham, NG10 1AY.

9. CLIENT BANK ACCOUNT

Cash at bank and in hand includes two client bank accounts which at 31 March 2022 contained total funds of £247,053 (2021: £233,669). The balance that relates to amounts owed to clients is shown in the accounts as other creditors and at 31 March 2022 totalled £246,476 (2021: £232,962).

Page 6