Hamilton Laboratory Glass Limited

Hamilton Laboratory Glass Limited

HAMILTON LABORATORY GLASS LIMITED - Company Information

Print Friendly Version

Acorah Software Products - Accounts Production 14.6.300 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 01112437 Mrs J Bodley Mr E Bodley Mrs J Bodley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01112437 2022-08-31 01112437 2023-08-31 01112437 2022-09-01 2023-08-31 01112437 frs-core:CurrentFinancialInstruments 2023-08-31 01112437 frs-core:Non-currentFinancialInstruments 2023-08-31 01112437 frs-core:PlantMachinery 2023-08-31 01112437 frs-core:PlantMachinery 2022-09-01 2023-08-31 01112437 frs-core:PlantMachinery 2022-08-31 01112437 frs-core:ShareCapital 2023-08-31 01112437 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 01112437 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 01112437 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 01112437 frs-bus:SmallEntities 2022-09-01 2023-08-31 01112437 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 01112437 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 01112437 frs-bus:Director1 2022-09-01 2023-08-31 01112437 frs-bus:Director2 2022-09-01 2023-08-31 01112437 frs-bus:CompanySecretary1 2022-09-01 2023-08-31 01112437 frs-countries:EnglandWales 2022-09-01 2023-08-31 01112437 2021-08-31 01112437 2022-08-31 01112437 2021-09-01 2022-08-31 01112437 frs-core:CurrentFinancialInstruments 2022-08-31 01112437 frs-core:Non-currentFinancialInstruments 2022-08-31 01112437 frs-core:ShareCapital 2022-08-31 01112437 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 01112437
Hamilton Laboratory Glass Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Price & Company
Hamilton Laboratory Glass Limited
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Hamilton Laboratory Glass Limited
Balance Sheet
As At 31 August 2023
Balance Sheet
Registered number: 01112437
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,067 17,726
15,067 17,726
CURRENT ASSETS
Stocks 5 70,735 77,959
Debtors 6 70,277 41,525
Cash at bank and in hand 732 732
141,744 120,216
Creditors: Amounts Falling Due Within One Year 7 (118,510 ) (86,212 )
NET CURRENT ASSETS (LIABILITIES) 23,234 34,004
TOTAL ASSETS LESS CURRENT LIABILITIES 38,301 51,730
Creditors: Amounts Falling Due After More Than One Year 8 (27,265 ) (41,960 )
NET ASSETS 11,036 9,770
CAPITAL AND RESERVES
Called up share capital 9 104 104
Profit and Loss Account 10,932 9,666
SHAREHOLDERS' FUNDS 11,036 9,770
Page 1
Page 2
Hamilton Laboratory Glass Limited
Balance Sheet (continued)
As At 31 August 2023
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs J Bodley
Director
23/05/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Hamilton Laboratory Glass Limited
Notes to the Financial Statements
For The Year Ended 31 August 2023
Notes to the Financial Statements
1. General Information
Hamilton Laboratory Glass Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01112437 . The registered office is Unit A1 Continental Approach, Westwood Ind Estate, Margate, Kent, CT9 4JG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 10)
9 10
Page 3
Page 4
Hamilton Laboratory Glass Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2023
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2022 113,542
As at 31 August 2023 113,542
Depreciation
As at 1 September 2022 95,816
Provided during the period 2,659
As at 31 August 2023 98,475
Net Book Value
As at 31 August 2023 15,067
As at 1 September 2022 17,726
5. Stocks
2023 2022
£ £
Stock 70,735 77,959
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 13,880 (17,322 )
Prepayments and accrued income 56,397 58,847
70,277 41,525
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 45,499 58,344
Bank loans and overdrafts 62,415 23,247
Corporation tax 10,786 2,970
Other taxes and social security 1,541 4,667
VAT 4,653 195
Other creditors 3,039 3,867
Invoice Financing (9,423 ) (7,078 )
118,510 86,212
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 27,265 41,960
Page 4
Page 5
Hamilton Laboratory Glass Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2023
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 104 104
Page 5