Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1212true 06291815 2022-07-01 2023-06-30 06291815 2021-07-01 2022-06-30 06291815 2023-06-30 06291815 2022-06-30 06291815 c:Director1 2022-07-01 2023-06-30 06291815 d:Buildings d:ShortLeaseholdAssets 2022-07-01 2023-06-30 06291815 d:Buildings d:ShortLeaseholdAssets 2023-06-30 06291815 d:Buildings d:ShortLeaseholdAssets 2022-06-30 06291815 d:OfficeEquipment 2022-07-01 2023-06-30 06291815 d:OfficeEquipment 2023-06-30 06291815 d:OfficeEquipment 2022-06-30 06291815 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06291815 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06291815 d:ComputerSoftware 2023-06-30 06291815 d:ComputerSoftware 2022-06-30 06291815 d:CurrentFinancialInstruments 2023-06-30 06291815 d:CurrentFinancialInstruments 2022-06-30 06291815 d:CurrentFinancialInstruments 1 2023-06-30 06291815 d:CurrentFinancialInstruments 1 2022-06-30 06291815 d:Non-currentFinancialInstruments 2023-06-30 06291815 d:Non-currentFinancialInstruments 2022-06-30 06291815 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06291815 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 06291815 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 06291815 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 06291815 d:ShareCapital 2023-06-30 06291815 d:ShareCapital 2022-06-30 06291815 d:SharePremium 2023-06-30 06291815 d:SharePremium 2022-06-30 06291815 d:RetainedEarningsAccumulatedLosses 2023-06-30 06291815 d:RetainedEarningsAccumulatedLosses 2022-06-30 06291815 c:FRS102 2022-07-01 2023-06-30 06291815 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 06291815 c:FullAccounts 2022-07-01 2023-06-30 06291815 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 06291815 2 2022-07-01 2023-06-30 06291815 4 2022-07-01 2023-06-30 06291815 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 06291815 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 06291815 d:ComputerSoftware d:OwnedIntangibleAssets 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 06291815









HAMMOND CLARKE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
HAMMOND CLARKE LIMITED
REGISTERED NUMBER: 06291815

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,542
1,928

Tangible assets
 5 
105,407
118,830

  
106,949
120,758

Current assets
  

Debtors: amounts falling due within one year
 6 
1,891,614
2,283,435

Cash at bank and in hand
 7 
14,615
405,970

  
1,906,229
2,689,405

Creditors: amounts falling due within one year
 8 
(1,872,740)
(2,665,427)

Net current assets
  
 
 
33,489
 
 
23,978

Total assets less current liabilities
  
140,438
144,736

Creditors: amounts falling due after more than one year
 9 
(33,888)
(39,455)

Provisions for liabilities
  

Deferred tax
 10 
(26,410)
(22,327)

  
 
 
(26,410)
 
 
(22,327)

Net assets
  
80,140
82,954


Capital and reserves
  

Called up share capital 
  
1,147
1,147

Share premium account
  
24,001
24,001

Profit and loss account
  
54,992
57,806

  
80,140
82,954


Page 1

 
HAMMOND CLARKE LIMITED
REGISTERED NUMBER: 06291815
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J A Hammond
Director
Date: 13 February 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Hammond Clarke Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information page of these financial statements.
The company's principal activity is the provision of temporary and permanent employment placements. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis and is deemed appropriate in the opinion of the directors.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.12
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 6

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
12
12


4.


Intangible assets




Computer software

£



Cost


At 1 July 2022
15,611



At 30 June 2023

15,611



Amortisation


At 1 July 2022
13,683


Charge for the year on owned assets
386



At 30 June 2023

14,069



Net book value



At 30 June 2023
1,542



At 30 June 2022
1,928



Page 7

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Short-term leasehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
166,124
56,649
222,773


Additions
-
458
458



At 30 June 2023

166,124
57,107
223,231



Depreciation


At 1 July 2022
60,496
43,448
103,944


Charge for the year on owned assets
10,563
3,317
13,880



At 30 June 2023

71,059
46,765
117,824



Net book value



At 30 June 2023
95,065
10,342
105,407



At 30 June 2022
105,629
13,201
118,830

Page 8

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,268,867
1,771,582

Amounts owed by group undertakings
134,605
12,876

Other debtors
-
183,429

Called up share capital not paid
25,575
25,575

Prepayments and accrued income
462,567
289,973

1,891,614
2,283,435



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
14,615
405,970

14,615
405,970


Page 9

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,556
5,557

Trade creditors
-
338,744

Amounts owed to group undertakings
34,021
81,632

Corporation tax
40,731
106,322

Other taxation and social security
131,047
79,847

Proceeds of factored debts
1,063,981
1,633,861

Other creditors
28,769
71,192

Accruals and deferred income
568,635
348,272

1,872,740
2,665,427


During the year, a fixed and floating charge against all company assets was registered at Companies House in favour of SME Invoice Finance Limited. The charge was with respect to the invoice discounting facility utilised by the company. Since the year end, this charge has been satisfied in full.
On 22nd August 2023, a fixed and floating charge over all company assets was registered at Companies House in favour of ABN Amro Asset Based Finance N.V. The charge was with respect to the invoice discounting facility utilised by the company.
A second fixed and floating charge against all company assets was registered at Companies House in favour of Barclays Bank PLC. Since the year end, this charge has been satisfied in full.


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
33,888
39,455

33,888
39,455


Page 10

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Deferred taxation




2023


£






At beginning of year
(22,327)


Charged to profit or loss
(4,083)



At end of year
(26,410)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(26,410)
(22,327)

(26,410)
(22,327)


11.


Related party transactions

At the balance sheet date, a balance of £134,605 was owed to the company by the parent company, Hammond Clarke Group Limited.


12.


Controlling party

The controlling party is Hammond Clarke Group Limited, a company incorporated in England and Wales under company registration number 12303656. The Registered Office address is First Floor, Radius House, 51 Clarendon Road, Watford, Herts, United Kingdom, WD17 1HP. 

 
Page 11