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REGISTERED NUMBER: 10850425 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Hampson Group Limited

Hampson Group Limited (Registered number: 10850425)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hampson Group Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: P Hampson





REGISTERED OFFICE: Unit 5 Tower Enterprise Park
Great George Street
Wigan
WN3 4DP





REGISTERED NUMBER: 10850425 (England and Wales)





ACCOUNTANTS: M J Miller & Co. Ltd
Chartered Certified Accountants
56 Gidlow Lane
Gidlow
Wigan
Lancashire
WN6 7DP

Hampson Group Limited (Registered number: 10850425)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 52,377 73,378
Tangible assets 5 47,183 41,638
99,560 115,016

CURRENT ASSETS
Stocks 61,763 49,763
Debtors 6 230,560 184,990
Cash at bank and in hand 25,900 13,635
318,223 248,388
CREDITORS
Amounts falling due within one year 7 474,535 373,876
NET CURRENT LIABILITIES (156,312 ) (125,488 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,752

)

(10,472

)

CREDITORS
Amounts falling due after more than
one year

8

(35,391

)

(40,391

)

PROVISIONS FOR LIABILITIES (6,822 ) (7,911 )
NET LIABILITIES (98,965 ) (58,774 )

Hampson Group Limited (Registered number: 10850425)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £ £ £ £
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (98,966 ) (58,775 )
SHAREHOLDERS' FUNDS (98,965 ) (58,774 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2023 and were signed by:





P Hampson - Director


Hampson Group Limited (Registered number: 10850425)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Hampson Group 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 accounts have been compiled on a going concern basis. Although the balance sheet is negative, the directors are of the opinion that the company can meet its day to day working capital commitments.

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 is a combination of goodwill acquired in 2018 and further franchising rights in 2021. Each are being written off over 5 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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Hampson Group Limited (Registered number: 10850425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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

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 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 1 April 2022
and 31 March 2023 88,316 33,378 121,694
AMORTISATION
At 1 April 2022 35,646 12,670 48,316
Charge for year 17,663 3,338 21,001
At 31 March 2023 53,309 16,008 69,317
NET BOOK VALUE
At 31 March 2023 35,007 17,370 52,377
At 31 March 2022 52,670 20,708 73,378

Hampson Group Limited (Registered number: 10850425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2022 57,589
Additions 15,823
Disposals (7,733 )
At 31 March 2023 65,679
DEPRECIATION
At 1 April 2022 15,951
Charge for year 4,973
Eliminated on disposal (2,428 )
At 31 March 2023 18,496
NET BOOK VALUE
At 31 March 2023 47,183
At 31 March 2022 41,638

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors 127,772 139,802
Other debtors 102,788 45,188
230,560 184,990

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Bank loans and overdrafts 5,000 5,000
Trade creditors 68,339 77,553
Taxation and social security 399,190 289,084
Other creditors 2,006 2,239
474,535 373,876

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£ £
Bank loans 35,391 40,391

Hampson Group Limited (Registered number: 10850425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£ £
P Hampson
Balance outstanding at start of year 40,401 5,151
Amounts advanced 66,380 40,401
Amounts repaid (40,401 ) (5,151 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,380 40,401

10. ULTIMATE CONTROLLING PARTY

The controlling party is P Hampson.

The ultimate controlling party is P Hampson.