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REGISTERED NUMBER: 04428374 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

HMW Limited

HMW Limited (Registered number: 04428374)






Contents of the Financial Statements
for the year ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HMW Limited

Company Information
for the year ended 31 January 2023







DIRECTORS: A E Barlow-Evans
T Smirnova



REGISTERED OFFICE: Ellesmere Business Park
Oswestry Road
Ellesmere
Shropshire
SY12 0EW



REGISTERED NUMBER: 04428374 (England and Wales)



ACCOUNTANTS: Caerwyn Jones
Chartered Accountants
Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: HSBC Bank Plc
The Cross
1 Broad Street
Newtown
Powys
SY16 2LX

HMW Limited (Registered number: 04428374)

Statement of Financial Position
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 170
Property, plant and equipment 5 1,659 1,613
Investments 6 2 2
1,661 1,785

CURRENT ASSETS
Inventories 261,785 230,445
Debtors 7 117,060 122,153
Cash at bank and in hand 128,399 253,062
507,244 605,660
CREDITORS
Amounts falling due within one year 8 272,937 373,046
NET CURRENT ASSETS 234,307 232,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,968

234,399

CREDITORS
Amounts falling due after more than
one year

9

(41,606

)

(46,566

)

PROVISIONS FOR LIABILITIES (114 ) -
NET ASSETS 194,248 187,833

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 194,246 187,831
SHAREHOLDERS' FUNDS 194,248 187,833

HMW Limited (Registered number: 04428374)

Statement of Financial Position - continued
31 January 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





A E Barlow-Evans - Director


HMW Limited (Registered number: 04428374)

Notes to the Financial Statements
for the year ended 31 January 2023

1. STATUTORY INFORMATION

HMW 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.

Preparation of consolidated financial statements
The financial statements contain information about HMW Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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


HMW Limited (Registered number: 04428374)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

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.

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 6 (2022 - 4 ) .

HMW Limited (Registered number: 04428374)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022
and 31 January 2023 2,879
AMORTISATION
At 1 February 2022 2,709
Charge for year 170
At 31 January 2023 2,879
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 170

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022 38,895 80,705 119,600
Additions 745 - 745
At 31 January 2023 39,640 80,705 120,345
DEPRECIATION
At 1 February 2022 37,282 80,705 117,987
Charge for year 699 - 699
At 31 January 2023 37,981 80,705 118,686
NET BOOK VALUE
At 31 January 2023 1,659 - 1,659
At 31 January 2022 1,613 - 1,613

HMW Limited (Registered number: 04428374)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 2
NET BOOK VALUE
At 31 January 2023 2
At 31 January 2022 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,333 2,460
Amounts owed by group undertakings 8,754 8,474
Other debtors 99,973 111,219
117,060 122,153

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 4,977 3,750
Trade creditors 152,826 142,550
Taxation and social security 2,845 111,490
Other creditors 112,289 115,256
272,937 373,046

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 41,606 46,566

HMW Limited (Registered number: 04428374)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,977 3,750

Amounts falling due between two and five years:
Bank loans - 2-5 years 41,606 46,566

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 1,863

12. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 46,583 50,316

HSBC has a fixed and floating charge over the undertaking and of all property and assets present and future and including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

13. RELATED PARTY DISCLOSURES

Included in creditors falling due within one year are amounts totalling £102,938 (2022 - £105,864) due to the directors of the company. These amounts are repayable on demand. During the year no interest was paid on these balances.