HMC Improvement Consultancy Ltd
Registered number: SC489884
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 436 513
Current assets
Cash at bank and in hand 21,336 26,390
Creditors: amounts falling due within one year 4 (4,108) (4,282)
Net current assets 17,228 22,108
Total assets less current liabilities 17,664 22,621
Provisions for liabilities (83) (98)
Net assets 17,581 22,523
Capital and reserves
Called up share capital 3 3
Profit and loss account 17,578 22,520
Shareholders' funds 17,581 22,523
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H M Curran
Director
Approved by the board on 6 March 2024
HMC Improvement Consultancy Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows:
Fixtures, fittings, tools and equipment 15% by Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 1,599
At 31 October 2023 1,599
Depreciation
At 1 November 2022 1,086
Charge for the year 77
At 31 October 2023 1,163
Net book value
At 31 October 2023 436
At 31 October 2022 513
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 3,327 3,604
Other creditors 781 678
4,108 4,282
5 Other information
HMC Improvement Consultancy Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
29 Mcinnes Road
Markinch
Glenrothes
Fife
KY7 6BA
HMC Improvement Consultancy Ltd SC489884 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts October 2023 release 2 H M Curran No description of principal activity SC489884 2021-11-01 2022-10-31 SC489884 core:WithinOneYear 2022-10-31 SC489884 core:ShareCapital 2022-10-31 SC489884 core:RetainedEarningsAccumulatedLosses 2022-10-31 SC489884 2022-11-01 2023-10-31 SC489884 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC489884 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 SC489884 bus:Director40 2022-11-01 2023-10-31 SC489884 1 2022-11-01 2023-10-31 SC489884 2 2022-11-01 2023-10-31 SC489884 core:PlantMachinery 2022-11-01 2023-10-31 SC489884 countries:England 2022-11-01 2023-10-31 SC489884 bus:FRS102 2022-11-01 2023-10-31 SC489884 bus:FullAccounts 2022-11-01 2023-10-31 SC489884 2023-10-31 SC489884 core:WithinOneYear 2023-10-31 SC489884 core:ShareCapital 2023-10-31 SC489884 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC489884 core:PlantMachinery 2023-10-31 SC489884 2022-10-31 SC489884 core:PlantMachinery 2022-10-31 iso4217:GBP xbrli:pure