2023-01-01 05278115 2023-12-31 05278115 2023-01-01 2023-12-31 05278115 2022-12-31 05278115 2022-01-01 2022-12-31 05278115 uk-core:WithinOneYear 2022-12-31 05278115 uk-core:WithinOneYear 2023-12-31 05278115 uk-core:AfterOneYear 2022-12-31 05278115 uk-core:AfterOneYear 2023-12-31 05278115 uk-core:ShareCapital 2023-12-31 05278115 uk-core:ShareCapital 2022-12-31 05278115 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05278115 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05278115 uk-bus:Director1 2023-01-01 2023-12-31 05278115 uk-core:NetGoodwill 2023-01-01 2023-12-31 05278115 uk-core:Buildings 2023-01-01 2023-12-31 05278115 uk-core:FurnitureFittings 2023-01-01 2023-12-31 05278115 uk-core:Goodwill 2022-12-31 05278115 uk-core:Goodwill 2023-12-31 05278115 uk-core:FurnitureFittings 2022-12-31 05278115 uk-core:Buildings 2022-12-31 05278115 uk-core:Buildings 2023-12-31 05278115 uk-core:FurnitureFittings 2023-12-31 05278115 uk-core:AfterOneYear uk-core:Secured 2023-12-31 05278115 uk-core:AfterOneYear uk-core:Secured 2022-12-31 iso4217:GBP xbrli:pure 05278115 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05278115 uk-bus:FRS102 2023-01-01 2023-12-31 05278115 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 05278115 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Graeme Hinchliffe Associates Limited
Registered Number:05278115
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Graeme Hinchliffe Associates Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05278115
As at 31 December 2023
Graeme Hinchliffe Associates Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
11,569
12,662
3
11,569
12,662
Current assets
Trade and other receivables
30,029
33,089
4
50,714
Cash and cash equivalents
40,032
73,121
80,743
Trade and other payables: amounts falling due within one
year
(33,145)
(35,203)
5
47,598
37,918
Net current assets
Total assets less current liabilities
49,487
60,260
Trade and other payables: amounts falling due after more
than one year
(38,333)
(29,181)
6
(2,187)
(2,142)
Provisions for liabilities
18,119
Net assets
19,785
Capital and reserves
Called up share capital
100
100
Retained earnings
18,019
19,685
18,119
19,785
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr James Lee Hinchliffe Director
These financial statements were approved and authorised for issue by the Board on 08 April 2024 and were signed by:
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4
Registered Number :
05278115
For the year ended 31 December 2023
Graeme Hinchliffe Associates Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 December 2023
Graeme Hinchliffe Associates Limited
Notes to the Financial Statements
Statutory Information
Graeme Hinchliffe Associates Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05278115.
Registered address:
6-8 Manvers Road
Swallownest
Sheffield
S26 4UD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Straight line
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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6
For the year ended 31 December 2023
Graeme Hinchliffe Associates Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
50,000
At 31 December 2023
50,000
Amortisation
At 01 January 2023
50,000
At 31 December 2023
50,000
Net book value
At 31 December 2023
-
At 31 December 2022
-
3. Property, plant and equipment
Total
Fixtures and
fittings
Land and
buildings
£
£
£
Cost or
valuation
At 01 January 2023
44,411
31,310
13,101
1,951
1,951
-
Additions
At 31 December 2023
13,101
33,261
46,362
Provision for depreciation and impairment
At 01 January 2023
31,749
19,959
11,790
Charge for year
3,044
1,733
1,311
At 31 December 2023
34,793
21,692
13,101
At 31 December 2023
Net book value
-
11,569
11,569
At 31 December 2022
1,311
11,351
12,662
4. Trade and other receivables
2022
2023
£
£
Trade debtors
33,089
30,029
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7
For the year ended 31 December 2023
Graeme Hinchliffe Associates Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
-
240
Taxation and social security
32,518
30,452
Other creditors
2,685
2,453
35,203
33,145
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
29,181
38,333
7. Average number of persons employed
During the year the average number of employees was 6 (2022 : 6)
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