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REGISTERED NUMBER: 04434668 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st May 2024

for

Hourglass (Wales) Limited

Hourglass (Wales) Limited (Registered number: 04434668)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Hourglass (Wales) Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: Mr M Hanford
L M Stevens



SECRETARY: Mr M Hanford



REGISTERED OFFICE: Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB



REGISTERED NUMBER: 04434668 (England and Wales)



ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB



BANKERS: Barclays Bank Plc
16 High Street
Pontardawe
Swansea
SA8 4HU

Hourglass (Wales) Limited (Registered number: 04434668)

Abridged Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 99 1,688
99 1,688

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 1,253 786
Cash at bank and in hand 256,656 226,594
259,409 228,880
CREDITORS
Amounts falling due within one year (83,376 ) (92,328 )
NET CURRENT ASSETS 176,033 136,552
TOTAL ASSETS LESS CURRENT LIABILITIES 176,132 138,240

PROVISIONS FOR LIABILITIES (19 ) (321 )
NET ASSETS 176,113 137,919

CAPITAL AND RESERVES
Called up share capital 100 2
Retained earnings 176,013 137,917
SHAREHOLDERS' FUNDS 176,113 137,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Hourglass (Wales) Limited (Registered number: 04434668)

Abridged Balance Sheet - continued
31st May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31st May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd July 2024 and were signed on its behalf by:





Mr M Hanford - Director


Hourglass (Wales) Limited (Registered number: 04434668)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Hourglass (Wales) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 year was 4 (2023 - 3 ) .

Hourglass (Wales) Limited (Registered number: 04434668)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st June 2023
and 31st May 2024 60,000
AMORTISATION
At 1st June 2023
and 31st May 2024 60,000
NET BOOK VALUE

At 31st May 2024 -
At 31st May 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st June 2023
and 31st May 2024 26,437
DEPRECIATION
At 1st June 2023 24,749
Charge for year 1,589
At 31st May 2024 26,338
NET BOOK VALUE
At 31st May 2024 99
At 31st May 2023 1,688

6. RELATED PARTY DISCLOSURES

During the year the company paid a management charge of £10,000 (2023:£0) to a related party.

At the year end the company was due £56,376 (2023:£46,376) to the related party.