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REGISTERED NUMBER: 07441182 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

HAMMOND AUTOMOTIVE LIMITED

HAMMOND AUTOMOTIVE LIMITED (REGISTERED NUMBER: 07441182)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

HAMMOND AUTOMOTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: M D Hammond





REGISTERED OFFICE: Hammond Automotive Services
Leicester Road
Lutterworth
Leicestershire
LE17 4NJ





REGISTERED NUMBER: 07441182 (England and Wales)





ACCOUNTANTS: AEH Accountancy Ltd
Church Farm
Main Street
Willey
Warwickshire
CV23 0SH

HAMMOND AUTOMOTIVE LIMITED (REGISTERED NUMBER: 07441182)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,108 120,347

CURRENT ASSETS
Stocks - 2,250
Debtors 5 42,573 17,240
Cash at bank and in hand 25,870 84,078
68,443 103,568
CREDITORS
Amounts falling due within one year 6 30,389 49,856
NET CURRENT ASSETS 38,054 53,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,162

174,059

CREDITORS
Amounts falling due after more than one
year

7

(62,002

)

(101,634

)

PROVISIONS FOR LIABILITIES (17,690 ) (22,865 )
NET ASSETS 51,470 49,560

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 51,468 49,558
SHAREHOLDERS' FUNDS 51,470 49,560

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

HAMMOND AUTOMOTIVE LIMITED (REGISTERED NUMBER: 07441182)

BALANCE SHEET - continued
31 DECEMBER 2021


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 26 August 2022 and were signed by:





M D Hammond - Director


HAMMOND AUTOMOTIVE LIMITED (REGISTERED NUMBER: 07441182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Hammond Automotive 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

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.


HAMMOND AUTOMOTIVE LIMITED (REGISTERED NUMBER: 07441182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2021
and 31 December 2021 173,950 1,267 82,653 257,870
DEPRECIATION
At 1 January 2021 87,681 957 48,885 137,523
Charge for year 18,349 62 8,828 27,239
At 31 December 2021 106,030 1,019 57,713 164,762
NET BOOK VALUE
At 31 December 2021 67,920 248 24,940 93,108
At 31 December 2020 86,269 310 33,768 120,347

HAMMOND AUTOMOTIVE LIMITED (REGISTERED NUMBER: 07441182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2021
and 31 December 2021 82,653
DEPRECIATION
At 1 January 2021
and 31 December 2021 47,338
NET BOOK VALUE
At 31 December 2021 35,315
At 31 December 2020 35,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 17,240
Directors' current accounts 42,573 -
42,573 17,240

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 4,837 4,837
Trade creditors 1 27,637
Tax 10,315 2,211
Social security and other taxes 2,047 2,047
VAT 12,089 11,393
Directors' current accounts - 631
Accrued expenses 1,100 1,100
30,389 49,856

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other loans - 1-2 years 45,563 50,000
Hire purchase contracts 16,439 51,634
62,002 101,634

HAMMOND AUTOMOTIVE LIMITED (REGISTERED NUMBER: 07441182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
200 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 January 2021 49,558
Profit for the year 21,910
Dividends (20,000 )
At 31 December 2021 51,468

10. RELATED PARTY DISCLOSURES

As at the year ended 31 December 2021, there was a balance due from the director, M D Hammond, of £42,573 (2020 owed by the company to the director, £32,632). This amount is included within other debtors on the balance sheet and was repaid within 9 months of the year end.

11. ULTIMATE CONTROLLING PARTY

The controlling party is M D Hammond.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HAMMOND AUTOMOTIVE LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hammond Automotive Limited for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hammond Automotive Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hammond Automotive Limited and state those matters that we have agreed to state to the director of Hammond Automotive Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hammond Automotive Limited and its director for our work or for this report.

It is your duty to ensure that Hammond Automotive Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hammond Automotive Limited. You consider that Hammond Automotive Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hammond Automotive Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






AEH Accountancy Ltd
Church Farm
Main Street
Willey
Warwickshire
CV23 0SH


Date: .............................................