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REGISTERED NUMBER: 06933236 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

M R HAMMOND ELECTRICAL
SERVICES LIMITED

M R HAMMOND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 06933236)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M R HAMMOND ELECTRICAL
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: M R Hammond
T R Hammond





SECRETARY: T R Hammond





REGISTERED OFFICE: 31 Leafield Road
Solihull
B92 8NZ





REGISTERED NUMBER: 06933236 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

M R HAMMOND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 06933236)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 12,000 24,000
Tangible assets 4 5,878 8,969
17,878 32,969

CURRENT ASSETS
Stocks 800 500
Debtors 5 50,444 104,643
Cash at bank 136,916 172,654
188,160 277,797
CREDITORS
Amounts falling due within one year 6 28,021 90,055
NET CURRENT ASSETS 160,139 187,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,017

220,711

PROVISIONS FOR LIABILITIES - 939
NET ASSETS 178,017 219,772

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings 178,010 219,765
SHAREHOLDERS' FUNDS 178,017 219,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

M R HAMMOND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 06933236)

BALANCE SHEET - continued
30 JUNE 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 30 January 2024 and were signed on its behalf by:





M R Hammond - Director


M R HAMMOND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 06933236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


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

Goodwill
Goodwill is being amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% 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.

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.

M R HAMMOND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 06933236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 80,000
AMORTISATION
At 1 July 2022 56,000
Charge for year 12,000
At 30 June 2023 68,000
NET BOOK VALUE
At 30 June 2023 12,000
At 30 June 2022 24,000

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 7,625 1,333 26,472 4,603 40,033
Additions - - - 566 566
At 30 June 2023 7,625 1,333 26,472 5,169 40,599
DEPRECIATION
At 1 July 2022 3,603 1,081 22,026 4,354 31,064
Charge for year 2,012 252 1,111 282 3,657
At 30 June 2023 5,615 1,333 23,137 4,636 34,721
NET BOOK VALUE
At 30 June 2023 2,010 - 3,335 533 5,878
At 30 June 2022 4,022 252 4,446 249 8,969

M R HAMMOND ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 06933236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,350 99,570
Other debtors 1,094 5,073
50,444 104,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,594 67,455
Taxation and social security 16,829 15,392
Other creditors 3,598 7,208
28,021 90,055