Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01false1falseNon-specialised wholesale trade1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11199125 2022-07-01 2023-06-30 11199125 2021-07-01 2022-06-30 11199125 2023-06-30 11199125 2022-06-30 11199125 c:Director1 2022-07-01 2023-06-30 11199125 d:CurrentFinancialInstruments 2023-06-30 11199125 d:CurrentFinancialInstruments 2022-06-30 11199125 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11199125 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 11199125 d:ShareCapital 2023-06-30 11199125 d:ShareCapital 2022-06-30 11199125 d:RetainedEarningsAccumulatedLosses 2023-06-30 11199125 d:RetainedEarningsAccumulatedLosses 2022-06-30 11199125 c:FRS102 2022-07-01 2023-06-30 11199125 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 11199125 c:FullAccounts 2022-07-01 2023-06-30 11199125 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11199125 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 11199125










HM EU TRADING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
HM EU TRADING LIMITED
REGISTERED NUMBER: 11199125

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
603,008
500,098

Debtors
 4 
1,085,698
1,062,582

Cash at bank and in hand
 5 
27,161
32,328

  
1,715,867
1,595,008

Creditors: amounts falling due within one year
 6 
(2,072,539)
(1,920,705)

Net current liabilities
  
 
 
(356,672)
 
 
(325,697)

Total assets less current liabilities
  
(356,672)
(325,697)

  

Net liabilities
  
(356,672)
(325,697)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(356,674)
(325,699)

  
(356,672)
(325,697)

Page 1

 
HM EU TRADING LIMITED
REGISTERED NUMBER: 11199125
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T J Storey
Director

Date: 9 September 2024

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
HM EU TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

HM EU Trading Ltd is a private company, limited by shares registered in England and Wales, registered number 11199125. The address of its registered office is Century House, 1 The Lakes, Northampton, United Kingdom, NN4 7HD
The principal activity of the Company is non-specialised wholesale trade.
The figures presented in the financial statements have been rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
HM EU TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
HM EU TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
205,378
540,874

Other debtors
880,320
521,708

1,085,698
1,062,582



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
27,161
32,328



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,839,104
1,920,414

Taxation and social security
4,343
291

Other creditors
215,532
-

Accruals and deferred income
13,560
-

2,072,539
1,920,705


 
Page 5