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REGISTERED NUMBER: 08848656 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Hughes Commercial Limited

Hughes Commercial Limited (Registered number: 08848656)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hughes Commercial Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mrs E Hughes





REGISTERED OFFICE: 6 Elm Place
Armthorpe
Doncaster
South Yorkshire
DN3 2DE





REGISTERED NUMBER: 08848656 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Hughes Commercial Limited (Registered number: 08848656)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140 187

CURRENT ASSETS
Stocks 700 700
Debtors 5 7,061 4,480
Cash at bank 15 397
7,776 5,577
CREDITORS
Amounts falling due within one year 6 4,469 13,924
NET CURRENT ASSETS/(LIABILITIES) 3,307 (8,347 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,447

(8,160

)

CREDITORS
Amounts falling due after more than one
year

7

2,833

4,833
NET ASSETS/(LIABILITIES) 614 (12,993 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 514 (13,093 )
SHAREHOLDERS' FUNDS 614 (12,993 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Hughes Commercial Limited (Registered number: 08848656)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 8 February 2024 and were signed by:





Mrs E Hughes - Director


Hughes Commercial Limited (Registered number: 08848656)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Hughes Commercial 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
Although the company has net liabilities at the balance sheet date, the director has confirmed she is prepared to support the company financially for the foreseeable future.The accounts are therefore prepared on a going concern basis.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and Equipment - 25% on reducing balance
Computer equipment - 33% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. No provision is required at the year end date due to tax losses available for carry forward.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Hughes Commercial Limited (Registered number: 08848656)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Tools and Computer
Equipment equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 2,480 1,385 3,865
DEPRECIATION
At 1 February 2023 2,293 1,385 3,678
Charge for year 47 - 47
At 31 January 2024 2,340 1,385 3,725
NET BOOK VALUE
At 31 January 2024 140 - 140
At 31 January 2023 187 - 187

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
CIS tax 6,404 4,480
VAT 657 -
7,061 4,480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 2,000 2,000
VAT - 399
Directors' current accounts 1,969 11,025
Accrued expenses 500 500
4,469 13,924

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 2,000 2,000
Bank loans - 2-5 years 833 2,833
2,833 4,833

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the director and associates. The amount owing to the director as at the balance sheet date was £1,969 (2023 - £11,025).