Hammond & Searles Associates Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08231906 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HAMMOND & SEARLES ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Searles

REGISTERED OFFICE:

Jubilee Cottage

9 Egerton Avenue

Hextable

Kent

BR8 7LG

REGISTERED NUMBER:

08231906 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership LLP

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

4

172

254

CURRENT ASSETS

Debtors

5

288

-

CREDITORS

Amounts falling due within one year

6

14,556

19,352

NET CURRENT LIABILITIES

(14,268

)

(19,352

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,096

)

(19,098

)

PROVISIONS FOR LIABILITIES

7

43

64

NET LIABILITIES

(14,139

)

(19,162

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

(14,140

)

(19,163

)

SHAREHOLDERS' FUNDS

(14,139

)

(19,162

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 21 December 2023 and were signed by:

T Searles - Director

1.	STATUTORY INFORMATION

Hammond & Searles Associates 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% per annum on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2022

and 31 March 2023

2,127

DEPRECIATION

At 1 April 2022

1,873

Charge for year

82

At 31 March 2023

1,955

NET BOOK VALUE

At 31 March 2023

172

At 31 March 2022

254

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Prepayments

288

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

1

1

Directors' loan accounts

12,198

17,104

Accruals and deferred income

2,357

2,247

14,556

19,352

7.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

Accelerated capital allowances

43

64

Deferred

tax

£

Balance at 1 April 2022

64

Movement

(21

)

Balance at 31 March 2023

43

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 April 2022

(19,163

)

Profit for the year

5,023

At 31 March 2023

(14,140

)

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end date the company owed T Searles £12,198 in the way of a Director's Loan (2022: £17,104 was due).

11.	GOING CONCERN

The company has the full support of the directors and is therefore considered a Going Concern