HCM Logistics Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14135573 (England and Wales)

HCM LOGISTICS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 MAY 2022 TO 31 MAY 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

H R Middleton

Mrs C K Middleton

REGISTERED OFFICE:

Oasby House

Oasby

Grantham

Lincolnshire

NG32 3NA

REGISTERED NUMBER:

14135573 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincs

NG31 6SF

CURRENT ASSETS

Debtors

5

4,001

Cash at bank

155

4,156

CREDITORS

Amounts falling due within one year

6

3,950

NET CURRENT ASSETS

206

TOTAL ASSETS LESS CURRENT LIABILITIES

206

CREDITORS

Amounts falling due after more than one year

7

27,500

NET LIABILITIES

(27,294

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

(27,394

)

SHAREHOLDERS' FUNDS

(27,294

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 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 17 February 2024 and were signed on its behalf by:

H R Middleton - Director

1.	STATUTORY INFORMATION

Hcm Logistics 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

The franchise agreement is amortised evenly over the life of the contract.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was 2 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

25,000

Impairments

(25,000

)

At 31 May 2023

-

NET BOOK VALUE

At 31 May 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

4,000

Other debtors

1

4,001

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

3,950

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

27,500

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

100 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.

9.	GOING CONCERN

The company incurred a net loss after taxation of £27,394 during the year.

At the statement of financial position date the company had net liabilities of £27,294.

The financial statements have been prepared on a going concern basis, the validity of which, depends on the continued support of the creditors and related parties, which the directors expect to continue for the foreseeable future.