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REGISTERED NUMBER: 07891556 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HEXCAM LIMITED

HEXCAM LIMITED (REGISTERED NUMBER: 07891556)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HEXCAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr E J Corke
Mr R A Cory-Wright





REGISTERED OFFICE: Evolution House
Iceni Court
Delft Way
Norwich
Norfolk
NR6 6BB





REGISTERED NUMBER: 07891556 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

HEXCAM LIMITED (REGISTERED NUMBER: 07891556)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 22,289 19,221

CURRENT ASSETS
Debtors 5 37,893 91,504
Cash at bank 35,366 20,454
73,259 111,958
CREDITORS
Amounts falling due within one year 6 21,326 60,382
NET CURRENT ASSETS 51,933 51,576
TOTAL ASSETS LESS CURRENT LIABILITIES 74,222 70,797

PROVISIONS FOR LIABILITIES 4,249 3,652
NET ASSETS 69,973 67,145

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 69,971 67,143
SHAREHOLDERS' FUNDS 69,973 67,145

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HEXCAM LIMITED (REGISTERED NUMBER: 07891556)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 11 April 2024 and were signed on its behalf by:





Mr R A Cory-Wright - Director


HEXCAM LIMITED (REGISTERED NUMBER: 07891556)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Hexcam 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.

Turnover
Revenue 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 - 33% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 2 (2022 - 1 ) .

HEXCAM LIMITED (REGISTERED NUMBER: 07891556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 69,546 175 8,436 78,157
Additions 13,641 95 7,187 20,923
Disposals (7,416 ) - - (7,416 )
At 31 December 2023 75,771 270 15,623 91,664
DEPRECIATION
At 1 January 2023 53,456 29 5,451 58,936
Charge for year 13,434 42 3,623 17,099
Eliminated on disposal (6,660 ) - - (6,660 )
At 31 December 2023 60,230 71 9,074 69,375
NET BOOK VALUE
At 31 December 2023 15,541 199 6,549 22,289
At 31 December 2022 16,090 146 2,985 19,221

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,964 88,828
Accrued income 6,670 165
Prepayments 8,259 2,511
37,893 91,504

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,458
Trade creditors 6,756 27,312
Corporation tax (10,585 ) 4,942
Social security and other taxes 3,058 397
VAT 9,703 15,733
Other creditors - 9,593
Directors' current accounts 8,303 617
Accruals and deferred income 4,091 330
21,326 60,382

HEXCAM LIMITED (REGISTERED NUMBER: 07891556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CALLED UP SHARE CAPITAL

At the balance sheet date the shares held in the company were as follows:

Mr E J Corke: 52 shares at £0.01 each
Mrs L Corke: 22 shares at £0.01 each
Mr A Bodycombe: 48 shares at £0.01 each
Mr R A Cory-Wright: 48 shares at £0.01 each

Treasury shares: 30 shares at £0.01 each

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 (2022 - £26,000) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R A Cory-Wright.