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REGISTERED NUMBER: 12374560 (England and Wales)















The Handy Log Man Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2023






The Handy Log Man Ltd (Registered number: 12374560)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


The Handy Log Man Ltd

Company Information
for the year ended 31st December 2023







DIRECTOR: S Bambrough





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 5, Eaglehurst
Brixworth
Northamptonshire
NN6 9UT





REGISTERED NUMBER: 12374560 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

The Handy Log Man Ltd (Registered number: 12374560)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 30,448 44,451

CURRENT ASSETS
Stocks 5,000 2,500
Debtors 6 2,690 2,912
Cash at bank 16,660 32,587
24,350 37,999
CREDITORS
Amounts falling due within one year 7 44,692 58,879
NET CURRENT LIABILITIES (20,342 ) (20,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,106

23,571

CREDITORS
Amounts falling due after more than one
year

8

-

(6,305

)

PROVISIONS FOR LIABILITIES 9 (5,500 ) (3,400 )
NET ASSETS 4,606 13,866

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 4,506 13,766
SHAREHOLDERS' FUNDS 4,606 13,866

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

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

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 director and authorised for issue on 29th February 2024 and were signed by:





S Bambrough - Director


The Handy Log Man Ltd (Registered number: 12374560)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

The Handy Log Man Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year under review was that of providing landscape gardening services.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover 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 - 20% on cost
Motor vehicles - 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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

The Handy Log Man Ltd (Registered number: 12374560)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 59,139 15,500 74,639
DEPRECIATION
At 1st January 2023 23,407 6,781 30,188
Charge for year 11,824 2,179 14,003
At 31st December 2023 35,231 8,960 44,191
NET BOOK VALUE
At 31st December 2023 23,908 6,540 30,448
At 31st December 2022 35,732 8,719 44,451

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 986 1,308
Other debtors 1,704 1,604
2,690 2,912

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,270 5,163
Trade creditors - 760
Taxation and social security 1,391 3,483
Other creditors 37,031 49,473
44,692 58,879

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 6,305

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,500 3,400

Deferred
tax
£   
Balance at 1st January 2023 3,400
Provided during year 2,100
Balance at 31st December 2023 5,500

The Handy Log Man Ltd (Registered number: 12374560)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

11. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st December 2023 or 31st December 2022.

12. CAPITAL COMMITMENTS

There were no capital commitments as at 31st December 2023 or 31st December 2022.