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REGISTERED NUMBER: 08106698 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

HMF Tools & Fixings Limited

HMF Tools & Fixings Limited (Registered number: 08106698)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


HMF Tools & Fixings Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: H S M David





REGISTERED OFFICE: Unit 6 The Business Centre
Corinium Industrial Est Raans Road
Amersham
Buckinghamshire
HP6 6FB





REGISTERED NUMBER: 08106698 (England and Wales)





ACCOUNTANTS: Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
HMF Tools & Fixings Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HMF Tools & Fixings Limited for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of HMF Tools & Fixings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HMF Tools & Fixings Limited and state those matters that we have agreed to state to the director of HMF Tools & Fixings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HMF Tools & Fixings Limited and its director for our work or for this report.

It is your duty to ensure that HMF Tools & Fixings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of HMF Tools & Fixings Limited. You consider that HMF Tools & Fixings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HMF Tools & Fixings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stewarts Accountants Limited
271 High Street
Berkhamsted
Hertfordshire
HP4 1AA


14 February 2024

HMF Tools & Fixings Limited (Registered number: 08106698)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,000 47,500
Tangible assets 5 13,532 11,816
51,532 59,316

CURRENT ASSETS
Stocks 32,500 32,500
Debtors 6 63,979 64,307
Cash at bank and in hand 18,062 32,738
114,541 129,545
CREDITORS
Amounts falling due within one year 7 110,368 90,339
NET CURRENT ASSETS 4,173 39,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,705

98,522

PROVISIONS FOR LIABILITIES 2,571 2,245
NET ASSETS 53,134 96,277

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 53,133 96,276
53,134 96,277

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 director acknowledges his 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.

HMF Tools & Fixings Limited (Registered number: 08106698)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2024 and were signed by:





H S M David - Director


HMF Tools & Fixings Limited (Registered number: 08106698)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

HMF Tools & Fixings 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
Turnover represents amounts received for the sale of tools, fixings and fastenings during the year and is stated net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

HMF Tools & Fixings Limited (Registered number: 08106698)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 95,000
AMORTISATION
At 1 July 2022 47,500
Charge for year 9,500
At 30 June 2023 57,000
NET BOOK VALUE
At 30 June 2023 38,000
At 30 June 2022 47,500

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 14,114 8,833 1,192 24,139
Additions 708 3,663 - 4,371
At 30 June 2023 14,822 12,496 1,192 28,510
DEPRECIATION
At 1 July 2022 6,847 4,635 841 12,323
Charge for year 1,138 1,430 87 2,655
At 30 June 2023 7,985 6,065 928 14,978
NET BOOK VALUE
At 30 June 2023 6,837 6,431 264 13,532
At 30 June 2022 7,267 4,198 351 11,816

HMF Tools & Fixings Limited (Registered number: 08106698)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 62,348 63,595
Prepayments and accrued income 1,631 712
63,979 64,307

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 70,243 69,879
Tax 250 4,933
Social security and other taxes 10,224 3,500
VAT 6,121 6,374
Credit card balances 1,632 2,174
Pensions payable 407 396
Directors' current accounts 21,070 2,418
Accrued expenses 421 665
110,368 90,339

8. RELATED PARTY DISCLOSURES

The directors' current account balances of £21,070 (2022 - £2,418) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.