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Hamilton & Croft Limited
Registered Number:05034598
For the year ended 28 February 2023
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 28 February 2023
Hamilton & Croft Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05034598
As at 28 February 2023
Hamilton & Croft Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
35,191
40,716
2
35,191
40,716
Current assets
Inventories
19,200
16,500
3
Trade and other receivables
91,852
78,127
4
16,135
Cash and cash equivalents
37,349
131,976
127,187
Trade and other payables: amounts falling due within one
year
(115,079)
(82,394)
5
12,108
49,582
Net current assets
Total assets less current liabilities
84,773
52,824
Trade and other payables: amounts falling due after more
than one year
-
(35,160)
6
(6,687)
(7,736)
Provisions for liabilities
42,926
Net assets
45,088
Capital and reserves
Called up share capital
100
100
Retained earnings
42,826
44,988
42,926
45,088
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D Croft Director
M Hamilton Director
These financial statements were approved and authorised for issue by the Board on 05 October 2023 and were signed by:
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4
Registered Number :
05034598
For the year ended 28 February 2023
Hamilton & Croft Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 28 February 2023
Hamilton & Croft Limited
Notes to the Financial Statements
Statutory Information
Hamilton & Croft Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05034598.
Registered address:
Royal Business Park
King Street
Pontefract
West Yorkshire
WF8 4AH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
3% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 28 February 2023
Hamilton & Croft Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 March 2022
146,228
4,218
25,700
116,310
1,261
-
-
1,261
Additions
At 28 February 2023
117,571
25,700
4,218
147,489
Provision for depreciation and impairment
At 01 March 2022
105,512
3,868
21,027
80,617
Charge for year
6,786
116
1,168
5,502
At 28 February 2023
112,298
3,984
22,195
86,119
At 28 February 2023
Net book value
31,452
3,505
234
35,191
At 28 February 2022
35,693
4,673
350
40,716
Land & Buildings revaluation carried out 25 August 2021.
3. Inventories
2022
2023
£
£
Stocks
16,500
19,200
4. Trade and other receivables
2022
2023
£
£
Trade debtors
78,063
82,220
Other debtors
64
9,632
91,852
78,127
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7
For the year ended 28 February 2023
Hamilton & Croft Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
45,339
Trade creditors
47,231
33,084
Taxation and social security
32,996
35,399
Other creditors
2,167
1,257
82,394
115,079
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
34,226
-
Other creditors
934
-
35,160
-
7. Average number of persons employed
During the year the average number of employees was 6 (2022 : 4)
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