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Company Registration No. 11688859 (England and Wales)
Hurdman Art Frames Ltd Unaudited accounts for the year ended 30 November 2023
Hurdman Art Frames Ltd Unaudited accounts Contents
Page
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Hurdman Art Frames Ltd Company Information for the year ended 30 November 2023
Director
Thomas Hurdman
Company Number
11688859 (England and Wales)
Registered Office
21 Darville Road London N16 7PT
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Hurdman Art Frames Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,938 
35,183 
Current assets
Inventories
8,881 
19,190 
Debtors
41,469 
9,347 
Cash at bank and in hand
42,194 
84,993 
92,544 
113,530 
Creditors: amounts falling due within one year
(33,549)
(31,661)
Net current assets
58,995 
81,869 
Total assets less current liabilities
83,933 
117,052 
Provisions for liabilities
Deferred tax
(4,357)
(6,170)
Net assets
79,576 
110,882 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
79,476 
110,782 
Shareholders' funds
79,576 
110,882 
For the year ending 30 November 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 26 July 2024 and were signed on its behalf by
Thomas Hurdman Director Company Registration No. 11688859
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Hurdman Art Frames Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Hurdman Art Frames Ltd is a private company, limited by shares, registered in England and Wales, registration number 11688859. The registered office is 21 Darville Road, London, N16 7PT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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.
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:
Plant & machinery
5 years on cost
Motor vehicles
4 years on reducing balance
Computer equipment
3 years on cost
Inventories
Inventories have been valued at the lower of cost and net realisable value.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Hurdman Art Frames Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
11,944 
38,475 
1,227 
51,646 
At 30 November 2023
11,944 
38,475 
1,227 
51,646 
Depreciation
At 1 December 2022
8,823 
6,413 
1,227 
16,463 
Charge for the year
2,229 
8,016 
- 
10,245 
At 30 November 2023
11,052 
14,429 
1,227 
26,708 
Net book value
At 30 November 2023
892 
24,046 
- 
24,938 
At 30 November 2022
3,121 
32,062 
- 
35,183 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,251 
3,988 
Accrued income and prepayments
1,581 
1,609 
Other debtors
33,637 
3,750 
41,469 
9,347 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
5,987 
4,724 
Taxes and social security
17,883 
17,024 
Other creditors
8,864 
9,138 
Accruals
815 
775 
33,549 
31,661 
7
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 November 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
2,700 
15,000 
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Hurdman Art Frames Ltd Notes to the Accounts for the year ended 30 November 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Included in other debtors
(173)
79,005 
48,945 
29,887 
(173)
79,005 
48,945 
29,887 
Interest is charged on the loan at the official rate. The loan was repaid in full within nine months of the yearend.
9
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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