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REGISTERED NUMBER: 09276152 (England and Wales)















Audited Financial Statements for the Year Ended 31 December 2023

for

Hamaton Limited

Hamaton Limited (Registered number: 09276152)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hamaton Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: I S Smith





REGISTERED OFFICE: Unit C
Whiteacres
Cambridge Road
Whetstone
Leicestershire
LE8 6ZG





REGISTERED NUMBER: 09276152 (England and Wales)





AUDITORS: Torr Waterfield Limited
Statutory Auditor
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Hamaton Limited (Registered number: 09276152)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,195 14,625
Investments 5 21,838 21,838
33,033 36,463

CURRENT ASSETS
Stocks 400,584 963,194
Debtors 6 1,113,138 1,707,375
Cash at bank and in hand 127,752 76,607
1,641,474 2,747,176
CREDITORS
Amounts falling due within one year 7 (1,400,431 ) (2,598,466 )
NET CURRENT ASSETS 241,043 148,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,076

185,173

PROVISIONS FOR LIABILITIES (2,222 ) (2,833 )
NET ASSETS 271,854 182,340

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 271,754 182,240
SHAREHOLDERS' FUNDS 271,854 182,340

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 30 August 2024 and were signed by:





I S Smith - Director


Hamaton Limited (Registered number: 09276152)

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

1. STATUTORY INFORMATION

Hamaton 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.

Preparation of consolidated financial statements
The financial statements contain information about Hamaton Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 33 1/3% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.


Hamaton Limited (Registered number: 09276152)

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

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
The company's functional and presentational currency is GBP.

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating 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 6 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 12,853 13,427 19,544 45,824
Additions - 420 1,232 1,652
At 31 December 2023 12,853 13,847 20,776 47,476
DEPRECIATION
At 1 January 2023 7,966 6,978 16,255 31,199
Charge for year 1,048 1,956 2,078 5,082
At 31 December 2023 9,014 8,934 18,333 36,281
NET BOOK VALUE
At 31 December 2023 3,839 4,913 2,443 11,195
At 31 December 2022 4,887 6,449 3,289 14,625

Hamaton Limited (Registered number: 09276152)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 21,838
NET BOOK VALUE
At 31 December 2023 21,838
At 31 December 2022 21,838

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 180,613 122,638
Amounts owed by group undertakings 531,415 959,564
Other debtors 401,110 625,173
1,113,138 1,707,375

Other debtors includes prepayments and accrued income of £40,092 (2022: £129,600).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 7,713 22,858
Amounts owed to group undertakings 956,336 1,533,934
Taxation and social security 69,185 17,498
Other creditors 367,197 1,024,176
1,400,431 2,598,466

Other creditors includes accruals and deferred income of £20,617 (2022: £38,898).

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Morris FCA (Senior Statutory Auditor)
for and on behalf of Torr Waterfield Limited

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £129,392 (2022: £172,405).

10. ULTIMATE PARENT COMPANY

The ultimate parent company is Hamaton Automotive Technology Co.,Ltd, 12 East Zhenxing Road, Linping Yuhang, Zhejiang, China.