Acorah Software Products - Accounts Production 15.0.600 true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 SC338232 Mrs Shameen Akhtar Mr Nadeem Ramzan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC338232 2022-12-31 SC338232 2023-12-31 SC338232 2023-01-01 2023-12-31 SC338232 frs-core:CurrentFinancialInstruments 2023-12-31 SC338232 frs-core:ComputerEquipment 2023-12-31 SC338232 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC338232 frs-core:ComputerEquipment 2022-12-31 SC338232 frs-core:FurnitureFittings 2023-12-31 SC338232 frs-core:FurnitureFittings 2023-01-01 2023-12-31 SC338232 frs-core:FurnitureFittings 2022-12-31 SC338232 frs-core:NetGoodwill 2023-12-31 SC338232 frs-core:NetGoodwill 2023-01-01 2023-12-31 SC338232 frs-core:NetGoodwill 2022-12-31 SC338232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 SC338232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC338232 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 SC338232 frs-core:MotorVehicles 2023-12-31 SC338232 frs-core:MotorVehicles 2023-01-01 2023-12-31 SC338232 frs-core:MotorVehicles 2022-12-31 SC338232 frs-core:ShareCapital 2023-12-31 SC338232 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC338232 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC338232 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC338232 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC338232 frs-bus:EntityHasNeverTraded 2023-01-01 2023-12-31 SC338232 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC338232 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC338232 frs-bus:Director1 2023-01-01 2023-12-31 SC338232 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 SC338232 frs-countries:Scotland 2023-01-01 2023-12-31 SC338232 2021-12-31 SC338232 2022-12-31 SC338232 2022-01-01 2022-12-31 SC338232 frs-core:CurrentFinancialInstruments 2022-12-31 SC338232 frs-core:ShareCapital 2022-12-31 SC338232 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC338232
HMR Stores Ltd.
Financial Statements
For The Year Ended 31 December 2023
Gillespie's Fife
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of HMR Stores Ltd. For The Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HMR Stores Ltd. For The Year Ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of HMR Stores Ltd. , as a body, in accordance with the terms of our engagement letter dated 25 February 2015. Our work has been undertaken solely to prepare for your approval the accounts of HMR Stores Ltd. and state those matters that we have agreed to state to the director of HMR Stores Ltd. , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HMR Stores Ltd. and its director, as a body, for our work or for this report.
It is your duty to ensure that HMR Stores Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of HMR Stores Ltd. . You consider that HMR Stores Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of HMR Stores Ltd. . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
13th September 2024
Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
Page 1
Page 2
Balance Sheet
Registered number: SC338232
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 45,405 45,405
45,405 45,405
CURRENT ASSETS
Stocks 6 29,000 29,000
Debtors 7 5,827 5,827
34,827 34,827
Creditors: Amounts Falling Due Within One Year 8 (48,063 ) (48,063 )
NET CURRENT ASSETS (LIABILITIES) (13,236 ) (13,236 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,169 32,169
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,671 ) (1,671 )
NET ASSETS 30,498 30,498
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 30,497 30,497
SHAREHOLDERS' FUNDS 30,498 30,498
Page 2
Page 3
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Shameen Akhtar
Director
13th September 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
HMR Stores Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC338232 . The registered office is 51 Napier Road, Glenrothes, Fife, KY6 1DS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 20%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: (2022: )
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 10,000
As at 31 December 2023 10,000
Amortisation
As at 1 January 2023 10,000
As at 31 December 2023 10,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
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5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 32,870 7,800 29,105 2,140 71,915
As at 31 December 2023 32,870 7,800 29,105 2,140 71,915
Depreciation
As at 1 January 2023 - 5,246 19,824 1,440 26,510
As at 31 December 2023 - 5,246 19,824 1,440 26,510
Net Book Value
As at 31 December 2023 32,870 2,554 9,281 700 45,405
As at 1 January 2023 32,870 2,554 9,281 700 45,405
6. Stocks
2023 2022
£ £
Work in progress 29,000 29,000
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 5,827 5,827
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 29,961 29,961
Corporation tax 1,477 1,477
Accruals and deferred income 264 264
Director's loan account 16,361 16,361
48,063 48,063
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 5