IRIS Accounts Production v23.3.0.418 07312510 director 1.8.21 31.7.22 31.7.22 . 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073125102021-07-31073125102022-07-31073125102021-08-012022-07-31073125102020-07-31073125102020-08-012021-07-31073125102021-07-3107312510ns10:Originalns15:EnglandWales2021-08-012022-07-3107312510ns14:PoundSterlingns10:Original2021-08-012022-07-3107312510ns10:Originalns10:Director12021-08-012022-07-3107312510ns10:Original2021-08-012022-07-3107312510ns10:Original2022-07-3107312510ns10:Originalns10:PrivateLimitedCompanyLtd2021-08-012022-07-3107312510ns10:Originalns10:SmallEntities2021-08-012022-07-3107312510ns10:Originalns10:AuditExempt-NoAccountantsReport2021-08-012022-07-3107312510ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2021-08-012022-07-3107312510ns10:SmallCompaniesRegimeForAccountsns10:Original2021-08-012022-07-3107312510ns10:Originalns10:FullAccounts2021-08-012022-07-3107312510ns10:Original12021-08-012022-07-3107312510ns10:CompanySecretary1ns10:Original2021-08-012022-07-3107312510ns10:Originalns10:RegisteredOffice2021-08-012022-07-3107312510ns10:Original2020-08-012021-07-3107312510ns10:Original2021-07-3107312510ns10:Originalns5:CurrentFinancialInstruments2022-07-3107312510ns10:Originalns5:CurrentFinancialInstruments2021-07-3107312510ns5:ShareCapitalns10:Original2022-07-3107312510ns5:ShareCapitalns10:Original2021-07-3107312510ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3107312510ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-07-3107312510ns10:Originalns5:NetGoodwill2021-08-012022-07-3107312510ns5:IntangibleAssetsOtherThanGoodwillns10:Original2021-08-012022-07-3107312510ns5:OwnedAssetsns10:Original2021-08-012022-07-3107312510ns5:OwnedAssetsns10:Original2020-08-012021-07-3107312510ns10:Originalns5:NetGoodwill2021-07-3107312510ns10:Originalns5:NetGoodwill2022-07-3107312510ns10:Originalns5:NetGoodwill2021-07-3107312510ns10:Originalns5:PlantMachinery2021-07-3107312510ns10:Originalns5:PlantMachinery2021-08-012022-07-3107312510ns10:Originalns5:PlantMachinery2022-07-3107312510ns10:Originalns5:PlantMachinery2021-07-3107312510ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3107312510ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-07-31
REGISTERED NUMBER: 07312510 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 July 2022

for

Hamer Technology Limited

Hamer Technology Limited (Registered number: 07312510)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Hamer Technology Limited

Company Information
for the Year Ended 31 July 2022







DIRECTOR: S W Evans





SECRETARY:





REGISTERED OFFICE: 6 Hargreaves Court
Dyson Way
Staffordshire Technology Park
Stafford
Staffordshire
ST18 0WN





REGISTERED NUMBER: 07312510 (England and Wales)





ACCOUNTANTS: Sohals Accountants Limited
16 Binley Road
Coventry
West Midlands
CV3 1HZ

Hamer Technology Limited (Registered number: 07312510)

Report of the Director
for the Year Ended 31 July 2022

The director presents his report with the financial statements of the company for the year ended 31 July 2022.

DIRECTOR
S W Evans held office during the whole of the period from 1 August 2021 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S W Evans - Director


11 October 2023

Hamer Technology Limited (Registered number: 07312510)

Income Statement
for the Year Ended 31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   

TURNOVER 1,013,177 1,011,159

Cost of sales 685,060 622,658
GROSS PROFIT 328,117 388,501

Distribution costs 433 130
Administrative expenses 312,590 346,930
313,023 347,060
OPERATING PROFIT 4 15,094 41,441

Interest receivable and similar
income

19

10
PROFIT BEFORE TAXATION 15,113 41,451

Tax on profit 2,734 8,370
PROFIT FOR THE FINANCIAL YEAR 12,379 33,081

Hamer Technology Limited (Registered number: 07312510)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 22,549 20,013
22,549 20,013

CURRENT ASSETS
Stocks 16,000 15,000
Debtors 7 385,212 344,422
Cash at bank 118,977 169,552
520,189 528,974
CREDITORS
Amounts falling due within one year 8 106,399 114,527
NET CURRENT ASSETS 413,790 414,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,339

434,460

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 436,239 434,360
436,339 434,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

Hamer Technology Limited (Registered number: 07312510)

Balance Sheet - continued
31 July 2022


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 11 October 2023 and were signed by:





S W Evans - Director


Hamer Technology Limited (Registered number: 07312510)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

Hamer Technology 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.


Hamer Technology Limited (Registered number: 07312510)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 7 ).

4. OPERATING PROFIT

The operating profit is stated after charging:

31.7.22 31.7.21
£    £   
Depreciation - owned assets 6,200 5,892

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2021
and 31 July 2022 106,085
AMORTISATION
At 1 August 2021
and 31 July 2022 106,085
NET BOOK VALUE
At 31 July 2022 -
At 31 July 2021 -

Hamer Technology Limited (Registered number: 07312510)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2021 84,419
Additions 8,736
At 31 July 2022 93,155
DEPRECIATION
At 1 August 2021 64,406
Charge for year 6,200
At 31 July 2022 70,606
NET BOOK VALUE
At 31 July 2022 22,549
At 31 July 2021 20,013

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade debtors 190,082 79,663
Other debtors 195,130 264,759
385,212 344,422

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade creditors 55,261 47,159
Taxation and social security 4,470 5,735
Other creditors 46,668 61,633
106,399 114,527