Company Registration No. 12960633 (England and Wales)
Hadham Group Limited
Unaudited accounts
for the year ended 31 October 2023
Hadham Group Limited
Unaudited accounts
Contents
Hadham Group Limited
Company Information
for the year ended 31 October 2023
Company Number
12960633 (England and Wales)
Registered Office
SUIT 1-3 THE HOP EXCHANGE
24 SOUTHWARK STREET
LONDON
SE1 1TY
ENGLAND
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Hadham Group Limited
Statement of financial position
as at 31 October 2023
Called up share capital not paid
90
-
Tangible assets
41,272
37,997
Cash at bank and in hand
93,280
62,665
Creditors: amounts falling due within one year
(140,878)
(117,058)
Net current liabilities
(41,014)
(48,377)
Total assets less current liabilities
348
(10,380)
Creditors: amounts falling due after more than one year
(75,827)
(83,134)
Net liabilities
(75,479)
(93,514)
Called up share capital
100
100
Profit and loss account
(75,579)
(93,614)
Shareholders' funds
(75,479)
(93,514)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 January 2024 and were signed on its behalf by
M. Nissim
Director
Company Registration No. 12960633
Hadham Group Limited
Notes to the Accounts
for the year ended 31 October 2023
Hadham Group Limited is a private company, limited by shares, registered in England and Wales, registration number 12960633. The registered office is SUIT 1-3 THE HOP EXCHANGE, 24 SOUTHWARK STREET, LONDON, SE1 1TY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
SL 25%
The director considers that it is appropriate to prepare the financial statements on a going concern basis and have confirmed the shareholders will provide financial support to the company until such time as its position improves.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services 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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Hadham Group Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2022
2,485
35,870
1,554
4,285
44,194
Additions
-
13,500
158
765
14,423
At 31 October 2023
2,485
49,370
1,712
5,050
58,617
At 1 November 2022
827
3,252
444
1,674
6,197
Charge for the year
621
8,864
388
1,275
11,148
At 31 October 2023
1,448
12,116
832
2,949
17,345
At 31 October 2023
1,037
37,254
880
2,101
41,272
At 31 October 2022
1,658
32,618
1,110
2,611
37,997
Amounts falling due within one year
Accrued income and prepayments
2,803
2,688
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,608
6,287
Trade creditors
96,697
41,327
Taxes and social security
3,490
1,171
Loans from directors
120
-
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
14,927
22,534
Other creditors
60,900
60,600
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).