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HECTOR AND CO LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2023




















Company Registration Number - 06799339





















1.
HECTOR AND CO LIMITED
COMPANY NUMBER - 06799339

Balance sheet as at 31 January 2023





2023
2022

Notes
£ £ £ £
FIXED ASSETS





Tangible assets 4
406
406

Current assets




Debtors 5 15,000
15,000




15,000
15,000
Current liabilities




Creditors - Amounts
falling due within one year 6 5,076
4,926


NET CURRENT ASSETS

9,924
10,074


Total assets less current liabilities

10,330
10,480






Creditors - Amounts falling

due after more than one year 6
(12,641)
(15,957)


Net liabilities

(2,311)
(5,477)














2.
HECTOR AND CO LIMITED
COMPANY NUMBER - 06799339

Balance sheet as at 31 January 2023





2023
2022

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 7
2
2

Profit and Loss account

(2,313)
(5,479)


Shareholders' funds

(2,311)
(5,477)



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 January 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 23 October 2023
and signed on their behalf by:




A HECTOR



Director



The notes on pages 3 to 4 form an integral part of these accounts.


3.
HECTOR AND CO LIMITED

Notes to the Financial Statements

For the year ended 31 January 2023


1. General Information

HECTOR AND CO LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 06799339.


The company's registered office is Brunswick House, 1 Weirfield Avenue, Taunton, Somerset TA1 1AZ.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Motor vehicles - 25% reducing balance


Stocks

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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.


Leased assets

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.



3. Employees

The average number employed by the company (including directors) during the year 2023 was 2
and in the previous year 2022 was 2.


4.
HECTOR AND CO LIMITED

Notes to the Financial Statements

For the year ended 31 January 2023


4. Fixed assets - tangible

Plant and

Machinery

etc.


Fair value £


At 1 February 2022 4,050
and 31 January 2023


Depreciation
At 1 February 2022 3,644

At 31 January 2023 3,644

Net book values
At 31 January 2023 406
At 1 February 2022 406





2023
2022


£
£
5. Debtors

Due within one year:



Trade debtors 15,000
15,000



6. Creditors

Amounts falling due within one year:



Bank Loan 176
858
Trade creditors 3,690
2,890
Director's Current Accounts 1,210
1,178


5,076 4,926


Amounts falling due after one year:



Other creditors:



Bank loan 12,641
15,957




7. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 2
2