Ham Interiors Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07240295 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31 DECEMBER 2020 TO 31 DECEMBER 2021

FOR

HAM INTERIORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr T P Cox

REGISTERED OFFICE:

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

REGISTERED NUMBER:

07240295 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Intangible assets

4

46,711

107,378

Tangible assets

5

217,824

179,732

264,535

287,110

CURRENT ASSETS

Stocks

304,158

235,622

Debtors

6

539,065

245,956

Cash at bank

364,136

407,816

1,207,359

889,394

CREDITORS

Amounts falling due within one year

7

778,050

493,710

NET CURRENT ASSETS

429,309

395,684

TOTAL ASSETS LESS CURRENT LIABILITIES

693,844

682,794

CREDITORS

Amounts falling due after more than one year

8

184,790

265,933

NET ASSETS

509,054

416,861

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

509,053

416,860

SHAREHOLDERS' FUNDS

509,054

416,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 December 2022 and were signed by:

Mr T P Cox - Director

1.	STATUTORY INFORMATION

Ham Interiors 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 represents net invoiced sales of goods and services excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twelve 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.

Patents and licences are being amortised evenly over their estimated useful life of six years.

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

-

20% on reducing balance, 20% on cost and at variable rates on reducing balance

Stocks

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 items.

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.

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 period was 14 (2020 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 31 December 2020

and 31 December 2021

516,721

102,000

618,721

AMORTISATION

At 31 December 2020

418,338

93,005

511,343

Charge for period

51,672

8,995

60,667

At 31 December 2021

470,010

102,000

572,010

NET BOOK VALUE

At 31 December 2021

46,711

-

46,711

At 30 December 2020

98,383

8,995

107,378

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 December 2020

345,257

Additions

80,102

At 31 December 2021

425,359

DEPRECIATION

At 31 December 2020

165,525

Charge for period

42,010

At 31 December 2021

207,535

NET BOOK VALUE

At 31 December 2021

217,824

At 30 December 2020

179,732

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

30.12.20

£

£

Trade debtors

217,746

138,146

Other debtors

321,319

107,810

539,065

245,956

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

30.12.20

£

£

Hire purchase contracts

25,817

17,822

Trade creditors

194,354

140,613

Taxation and social security

98,566

138,849

Other creditors

459,313

196,426

778,050

493,710

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

30.12.20

£

£

Bank loans

133,334

200,000

Hire purchase contracts

51,456

63,850

Other creditors

-

2,083

184,790

265,933

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

40,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's loan was repaid within nine months of the balance sheet date.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr T P Cox by virtue of his 100% interest in the issued share capital.