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REGISTERED NUMBER: 05907695 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST SEPTEMBER 2022 TO 28TH FEBRUARY 2024

FOR

HAM CORNER LIMITED

HAM CORNER LIMITED (REGISTERED NUMBER: 05907695)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 28TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAM CORNER LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 28TH FEBRUARY 2024







DIRECTORS: A R Thomas
Mrs A S Thomas





SECRETARY: Mrs A S Thomas





REGISTERED OFFICE: 1 Blackshaw Street
Todmorden
Lancashire
OL14 6AG





REGISTERED NUMBER: 05907695 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

HAM CORNER LIMITED (REGISTERED NUMBER: 05907695)

BALANCE SHEET
28TH FEBRUARY 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 10,504
- 10,504

CURRENT ASSETS
Stocks - 6,330
Debtors 6 - 618
Cash at bank and in hand 129,428 44,146
129,428 51,094
CREDITORS
Amounts falling due within one year 7 36,379 13,977
NET CURRENT ASSETS 93,049 37,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,049

47,621

PROVISIONS FOR LIABILITIES 8 - 1,997
NET ASSETS 93,049 45,624

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 93,047 45,622
SHAREHOLDERS' FUNDS 93,049 45,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HAM CORNER LIMITED (REGISTERED NUMBER: 05907695)

BALANCE SHEET - continued
28TH FEBRUARY 2024


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 Board of Directors and authorised for issue on 26th July 2024 and were signed on its behalf by:




A R Thomas - Director



Mrs A S Thomas - Director


HAM CORNER LIMITED (REGISTERED NUMBER: 05907695)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 28TH FEBRUARY 2024

1. STATUTORY INFORMATION

Ham Corner 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.

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


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.

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 two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - over 3 years

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 period 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 period 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.

HAM CORNER LIMITED (REGISTERED NUMBER: 05907695)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 28TH FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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.

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 period was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2022 51,000
Disposals (1,000 )
At 28th February 2024 50,000
AMORTISATION
At 1st September 2022 51,000
Eliminated on disposal (1,000 )
At 28th February 2024 50,000
NET BOOK VALUE
At 28th February 2024 -
At 31st August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2022 25,139 6,750 809 32,698
Disposals (25,138 ) (6,750 ) (809 ) (32,697 )
At 28th February 2024 1 - - 1
DEPRECIATION
At 1st September 2022 15,762 5,625 807 22,194
Charge for period 1,407 422 - 1,829
Eliminated on disposal (17,168 ) (6,047 ) (807 ) (24,022 )
At 28th February 2024 1 - - 1
NET BOOK VALUE
At 28th February 2024 - - - -
At 31st August 2022 9,377 1,125 2 10,504

HAM CORNER LIMITED (REGISTERED NUMBER: 05907695)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST SEPTEMBER 2022 TO 28TH FEBRUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
VAT - 317
Prepayments - 301
- 618

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors - 1,668
Tax 22,956 -
Social security and other taxes - 499
Pension - 206
Wages control account - 1,398
Directors' current accounts 10,799 7,579
Accrued expenses 2,624 2,627
36,379 13,977

8. PROVISIONS FOR LIABILITIES
2024 2022
£    £   
Deferred tax - 1,997

Deferred
tax
£   
Balance at 1st September 2022 1,997
Provided during period (1,997 )
Balance at 28th February 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1st September 2022 45,622
Profit for the period 106,425
Dividends (59,000 )
At 28th February 2024 93,047