7 31/12/2022 2022-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2021-10-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11579699 2021-10-01 2022-12-31 11579699 2022-12-31 11579699 2021-09-30 11579699 2021-09-30 11579699 core:FurnitureFittingsToolsEquipment 2021-10-01 2022-12-31 11579699 core:MotorVehicles 2021-10-01 2022-12-31 11579699 bus:Director2 2021-10-01 2022-12-31 11579699 core:MotorVehicles 2021-09-30 11579699 core:FurnitureFittingsToolsEquipment 2022-12-31 11579699 core:MotorVehicles 2022-12-31 11579699 core:WithinOneYear 2022-12-31 11579699 core:WithinOneYear 2021-09-30 11579699 core:AfterOneYear 2022-12-31 11579699 core:AfterOneYear 2021-09-30 11579699 core:ShareCapital 2022-12-31 11579699 core:ShareCapital 2021-09-30 11579699 core:RetainedEarningsAccumulatedLosses 2022-12-31 11579699 core:RetainedEarningsAccumulatedLosses 2021-09-30 11579699 core:MotorVehicles 2021-09-30 11579699 bus:SmallEntities 2021-10-01 2022-12-31 11579699 bus:AuditExempt-NoAccountantsReport 2021-10-01 2022-12-31 11579699 bus:FullAccounts 2021-10-01 2022-12-31 11579699 bus:SmallCompaniesRegimeForAccounts 2021-10-01 2022-12-31 11579699 bus:PrivateLimitedCompanyLtd 2021-10-01 2022-12-31
Company registration number: 11579699
HRM CONTRACTS LIMITED
Unaudited filleted financial statements
31 December 2022
HRM CONTRACTS LIMITED
Contents
Statement of financial position
Notes to the financial statements
HRM CONTRACTS LIMITED
Statement of financial position
31 December 2022
31/12/22 30/09/21
Note £ £ £ £
Fixed assets
Tangible assets 5 1,415 530
_______ _______
1,415 530
Current assets
Work in progress and stock 111,395 110,656
Debtors 6 235,412 244,837
Cash at bank and in hand 316 6,980
_______ _______
347,123 362,473
Creditors: amounts falling due
within one year 7 ( 268,146) ( 222,767)
_______ _______
Net current assets 78,977 139,706
_______ _______
Total assets less current liabilities 80,392 140,236
Creditors: amounts falling due
after more than one year 8 ( 34,319) ( 42,695)
_______ _______
Net assets 46,073 97,541
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 46,071 97,539
_______ _______
Shareholders funds 46,073 97,541
_______ _______
For the period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 October 2023 , and are signed on behalf of the board by:
Mr C M Howard
Director
Company registration number: 11579699
HRM CONTRACTS LIMITED
Notes to the financial statements
Period ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Field 1, Searches Farm, Searches Lane, Bedmond, Abbots Langley, WD5 0SB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 7 (2021: Nil).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 October 2021 - 700 700
Additions 1,414 - 1,414
_______ _______ _______
At 31 December 2022 1,414 700 2,114
_______ _______ _______
Depreciation
At 1 October 2021 - 170 170
Charge for the year 354 175 529
_______ _______ _______
At 31 December 2022 354 345 699
_______ _______ _______
Carrying amount
At 31 December 2022 1,060 355 1,415
_______ _______ _______
At 30 September 2021 - 530 530
_______ _______ _______
6. Debtors
31/12/22 30/09/21
£ £
Trade debtors 232,112 228,352
Other debtors 3,300 16,485
_______ _______
235,412 244,837
_______ _______
7. Creditors: amounts falling due within one year
31/12/22 30/09/21
£ £
Bank loans and overdrafts 28,615 4,167
Trade creditors 11,929 4,422
Corporation tax 16,151 26,310
Social security and other taxes 174,505 178,367
Other creditors 36,946 9,501
_______ _______
268,146 222,767
_______ _______
8. Creditors: amounts falling due after more than one year
31/12/22 30/09/21
£ £
Bank loans and overdrafts 34,319 42,695
_______ _______
9. Controlling party
The company is controlled by its director, Mr C M Howard by virtue of his shareholding.