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REGISTERED NUMBER: 04931075 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

A & C HAMILTON LIMITED

A & C HAMILTON LIMITED (REGISTERED NUMBER: 04931075)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & C HAMILTON LIMITED

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mr A Hamilton





REGISTERED OFFICE: 946-950 Blackpool Road
Lea
Preston
Lancashire
PR2 1XN





REGISTERED NUMBER: 04931075 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

A & C HAMILTON LIMITED (REGISTERED NUMBER: 04931075)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,115 8,455
7,115 8,455

CURRENT ASSETS
Stocks 371,640 317,852
Debtors 6 11,754 9,991
Cash at bank and in hand 410,771 331,547
794,165 659,390
CREDITORS
Amounts falling due within one year 7 136,306 97,453
NET CURRENT ASSETS 657,859 561,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

664,974

570,392

PROVISIONS FOR LIABILITIES 1,718 1,606
NET ASSETS 663,256 568,786

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 663,156 568,686
SHAREHOLDERS' FUNDS 663,256 568,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

A & C HAMILTON LIMITED (REGISTERED NUMBER: 04931075)

Balance Sheet - continued
31st March 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 director and authorised for issue on 8th August 2024 and were signed by:





Mr A Hamilton - Director


A & C HAMILTON LIMITED (REGISTERED NUMBER: 04931075)

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

1. STATUTORY INFORMATION

A & C Hamilton 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Impairment of Assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.


A & C HAMILTON LIMITED (REGISTERED NUMBER: 04931075)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The Company operates a defined contribution scheme, contributions are charged to the profit and loss account in the period the contributions are payable.
The Company also makes contributions for certain employees to individual personal pension schemes. Contributions are charged to the profit and loss account in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 103,000
AMORTISATION
At 1st April 2023
and 31st March 2024 103,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

A & C HAMILTON LIMITED (REGISTERED NUMBER: 04931075)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 11,028 18,013 13,650 42,691
DEPRECIATION
At 1st April 2023 6,612 15,795 11,829 34,236
Charge for year 551 334 455 1,340
At 31st March 2024 7,163 16,129 12,284 35,576
NET BOOK VALUE
At 31st March 2024 3,865 1,884 1,366 7,115
At 31st March 2023 4,416 2,218 1,821 8,455

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 11,461 9,712
Prepayments and accrued income 293 279
11,754 9,991

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 38,439 27,706
Tax 38,496 25,325
Social security and other taxes 14,464 6,198
Other creditors 28,006 25,481
Directors' loan accounts 356 647
Accruals and deferred income 16,545 12,096
136,306 97,453

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
80 Ordinary 'A' £1 80 80
10 Ordinary 'B' shares £1 10 10
10 Ordinary 'C' shares £1 10 10
100 100

All the shares rank pari passu except in respect of dividends where the amounts paid can be differentiated between the classes of shares.

A & C HAMILTON LIMITED (REGISTERED NUMBER: 04931075)

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

9. RELATED PARTY DISCLOSURES

The Shop at 946-950 Blackpool Road, Lea, Preston has been let to the company at the cost of £24,000 per annum (2023 - £24,000). This property is jointly held by the director.

At the year end the amount owing to Mr A Hamilton is £356 (2023: £647) this amount is interest free.

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr A Hamilton, director and majority shareholder during the current and previous year.