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REGISTERED NUMBER: 09956392 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Hudmac Servicing Ltd

Hudmac Servicing Ltd (Registered number: 09956392)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Hudmac Servicing Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr B S Hudson





REGISTERED OFFICE: 3 Sanderson Close
Westoning
Bedfordshire
MK45 5JP





REGISTERED NUMBER: 09956392 (England and Wales)





ACCOUNTANTS: DansonOsborne Accountants Ltd
Chartered Certified Accountants
Aishling House
6a Hayes Road
Deanshanger
Milton Keynes
Buckinghamshire
MK19 6HW

Hudmac Servicing Ltd (Registered number: 09956392)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,697 190,506

CURRENT ASSETS
Debtors 853,389 987,213
Cash at bank 196,734 77,145
1,050,123 1,064,358
CREDITORS
Amounts falling due within one year 537,788 621,221
NET CURRENT ASSETS 512,335 443,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

710,032

633,643

CREDITORS
Amounts falling due after more than
one year

168,415

55,683
NET ASSETS 541,617 577,960

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 541,517 577,860
SHAREHOLDERS' FUNDS 541,617 577,960

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.

Hudmac Servicing Ltd (Registered number: 09956392)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





Mr B S Hudson - Director


Hudmac Servicing Ltd (Registered number: 09956392)

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

1. STATUTORY INFORMATION

Hudmac Servicing Ltd 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.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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 5 (2022 - 5 ) .

Hudmac Servicing Ltd (Registered number: 09956392)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 305,649
Additions 90,734
Disposals (36,340 )
At 31 March 2023 360,043
DEPRECIATION
At 1 April 2022 115,143
Charge for year 60,558
Eliminated on disposal (13,355 )
At 31 March 2023 162,346
NET BOOK VALUE
At 31 March 2023 197,697
At 31 March 2022 190,506

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary 1.00 100 100

6. 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
£    £   
Mr B S Hudson
Balance outstanding at start of year (31,998 ) (3,409 )
Amounts advanced 386,905 398,949
Amounts repaid (322,210 ) (427,538 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,697 (31,998 )

As at the end of the year, the director owed the company £32,697. This amount was repaid in full by 30 June 2023.