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REGISTERED NUMBER: 04983437 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

HAMPSHIRE EQUIPMENT LIMITED

HAMPSHIRE EQUIPMENT LIMITED (REGISTERED NUMBER: 04983437)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAMPSHIRE EQUIPMENT LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D R Hampshire





REGISTERED OFFICE: 7 Newhouse Farm Cottages
Treyford
Midhurst
West Sussex
GU29 OLB





REGISTERED NUMBER: 04983437 (England and Wales)





ACCOUNTANTS: B20 Limited
Chartered Certified Accountants
Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP

HAMPSHIRE EQUIPMENT LIMITED (REGISTERED NUMBER: 04983437)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 5 30,000 30,000
Tangible assets 6 3,891 4,220
33,891 34,220

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 7 3,358 2,274
Cash at bank - 22,446
4,358 25,720
CREDITORS
Amounts falling due within one year 8 (20,106 ) (14,626 )
NET CURRENT (LIABILITIES)/ASSETS (15,748 ) 11,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,143

45,314

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,043 45,214
SHAREHOLDERS' FUNDS 18,143 45,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

HAMPSHIRE EQUIPMENT LIMITED (REGISTERED NUMBER: 04983437)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





D R Hampshire - Director


HAMPSHIRE EQUIPMENT LIMITED (REGISTERED NUMBER: 04983437)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

HAMPSHIRE EQUIPMENT 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities, stated net of discount and sales taxes.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being constantly revalued and in the opinion of the directors the value has not diminished.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Tangible assets are stated in the balance sheet at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

At each reporting date stocks are assessed for impairment.

HAMPSHIRE EQUIPMENT LIMITED (REGISTERED NUMBER: 04983437)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks and to and from related parties

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If evidence of impairment is found an impairment loss is recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 30,000
At 31 December 2022 30,000

HAMPSHIRE EQUIPMENT LIMITED (REGISTERED NUMBER: 04983437)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 18,931 587 3,808 7,649 30,975
Additions - - - 727 727
At 31 December 2023 18,931 587 3,808 8,376 31,702
DEPRECIATION
At 1 January 2023 15,714 576 3,787 6,678 26,755
Charge for year 643 2 4 407 1,056
At 31 December 2023 16,357 578 3,791 7,085 27,811
NET BOOK VALUE
At 31 December 2023 2,574 9 17 1,291 3,891
At 31 December 2022 3,217 11 21 971 4,220

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,345 2,199
Other debtors 2,013 75
3,358 2,274

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 15,167 -
Taxation and social security 2,135 13,440
Other creditors 2,804 1,186
20,106 14,626

9. ULTIMATE CONTROLLING PARTY

The controlling party is D R Hampshire.