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REGISTERED NUMBER: 10479153 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HASMAN LTD

HASMAN LTD (REGISTERED NUMBER: 10479153)

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


HASMAN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J W Friend
G P Friend





REGISTERED OFFICE: One Derby Square
Liverpool
L2 9QR





REGISTERED NUMBER: 10479153 (England and Wales)





ACCOUNTANTS: Additions
Chartered Accountants
One Derby Square
Liverpool
L2 9QR

HASMAN LTD (REGISTERED NUMBER: 10479153)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,649 46,680

CURRENT ASSETS
Stocks 51,471 80,346
Debtors 5 115,269 179,036
Cash at bank and in hand 1,762 33,791
168,502 293,173
CREDITORS
Amounts falling due within one year 6 223,496 248,517
NET CURRENT (LIABILITIES)/ASSETS (54,994 ) 44,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,655

91,336

CREDITORS
Amounts falling due after more than one
year

7

(32,432

)

(93,915

)

PROVISIONS FOR LIABILITIES (5,800 ) (5,800 )
NET ASSETS/(LIABILITIES) 1,423 (8,379 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 423 (9,379 )
SHAREHOLDERS' FUNDS 1,423 (8,379 )

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:



G P Friend - Director


HASMAN LTD (REGISTERED NUMBER: 10479153)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Hasman Ltd 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.

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 each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

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.

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.

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 2 (2022 - 10 ) .

HASMAN LTD (REGISTERED NUMBER: 10479153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 33,950 46,478 15,351
Additions - 3,338 27,786
Disposals (33,950 ) - -
At 31 December 2023 - 49,816 43,137
DEPRECIATION
At 1 January 2023 25,518 21,041 8,114
Charge for year 1,686 4,795 5,434
Eliminated on disposal (27,204 ) - -
At 31 December 2023 - 25,836 13,548
NET BOOK VALUE
At 31 December 2023 - 23,980 29,589
At 31 December 2022 8,432 25,437 7,237

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 - 12,358 108,137
Additions 41,528 8,065 80,717
Disposals - - (33,950 )
At 31 December 2023 41,528 20,423 154,904
DEPRECIATION
At 1 January 2023 - 6,784 61,457
Charge for year 11,628 2,459 26,002
Eliminated on disposal - - (27,204 )
At 31 December 2023 11,628 9,243 60,255
NET BOOK VALUE
At 31 December 2023 29,900 11,180 94,649
At 31 December 2022 - 5,574 46,680

The net book value of motor vehicles includes £29,900 (2022 - £nil) in respect of assets held under hire purchase contracts. The amount of depreciation in respect of such assets amounted to £11,628 for the year (2022 - £18,461).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,932 41,835
Other debtors 70,337 137,201
115,269 179,036

HASMAN LTD (REGISTERED NUMBER: 10479153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,896 9,871
Hire purchase contracts 10,636 17,991
Trade creditors 84,688 90,558
Taxation and social security 23,666 43,772
Other creditors 93,610 86,325
223,496 248,517

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,662 25,781
Hire purchase contracts 16,770 43,596
Other creditors - 24,538
32,432 93,915

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 27,406 61,587

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
J W Friend
Balance outstanding at start of year - 9,656
Amounts repaid - (9,656 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above loan is interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

Included in other creditors falling due within one year are balances of £7,441 (2022 - £11,925) and £4,267 (2022 - £18,767) due to the directors J W Friend and G P Friend respectively. The amounts owed to the directors are interest free, repayable on demand, and have no fixed date for repayment.

Included in other debtors is a balance of £67,471 (2022 - £125,420) due from a company which is controlled by the director G P Friend. This balance is interest free and has no fixed date for repayment.