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REGISTERED NUMBER: 04251407 (England and Wales)

















Hamish Muir Limited

Financial Statements

for the Year Ended 31 July 2023






Hamish Muir Limited (Registered number: 04251407)

Contents of the Financial Statements
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hamish Muir Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: H A J Muir





SECRETARY: 24CR Secretarial Limited





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 04251407 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Hamish Muir Limited (Registered number: 04251407)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,907 4,126

CURRENT ASSETS
Debtors 5 357 -
Cash at bank 84 719
441 719
CREDITORS
Amounts falling due within one year 6 4,613 3,255
NET CURRENT LIABILITIES (4,172 ) (2,536 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,735

1,590

PROVISIONS FOR LIABILITIES 1,266 727
NET ASSETS 1,469 863

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,467 861
SHAREHOLDERS' FUNDS 1,469 863

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 5 April 2024 and were signed by:





H A J Muir - Director


Hamish Muir Limited (Registered number: 04251407)

Notes to the Financial Statements
for the year ended 31 July 2023


1. STATUTORY INFORMATION

Hamish Muir 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the invoice value of all services supplied during the accounting period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Hamish Muir Limited (Registered number: 04251407)

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


4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 August 2022 20,713
Additions 3,999
At 31 July 2023 24,712
DEPRECIATION
At 1 August 2022 16,587
Charge for year 1,218
At 31 July 2023 17,805
NET BOOK VALUE
At 31 July 2023 6,907
At 31 July 2022 4,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 243 -
Corporation tax recoverable 114 -
357 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
UK corporation tax - 1,692
Tax and social security costs - 414
Directors' current accounts 3,762 299
Accruals and deferred income 851 850
4,613 3,255

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
H A J Muir
Balance outstanding at start of year - 829
Amounts repaid - (829 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -