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REGISTERED NUMBER: 06930540 (England and Wales)















Unaudited Financial Statements

for the Period 1 December 2022 to 31 March 2024

for

Hesket Demain Limited

Hesket Demain Limited (Registered number: 06930540)






Contents of the Financial Statements
for the Period 1 December 2022 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hesket Demain Limited

Company Information
for the Period 1 December 2022 to 31 March 2024







DIRECTORS: Mr J R Graves
Mrs L M Graves





REGISTERED OFFICE: Hesket Demain
High Hesket
Carlisle
Cumbria
CA4 0JE





REGISTERED NUMBER: 06930540 (England and Wales)





ACCOUNTANTS: Benson Accountants
Wiza House
Station Road
Wigton
Cumbria
CA7 9BA

Hesket Demain Limited (Registered number: 06930540)

Balance Sheet
31 March 2024

31.3.24 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,388 139,517

CURRENT ASSETS
Stocks 258,990 336,095
Debtors 5 73,532 64,913
Cash at bank - 25,547
332,522 426,555
CREDITORS
Amounts falling due within one year 6 257,649 329,834
NET CURRENT ASSETS 74,873 96,721
TOTAL ASSETS LESS CURRENT LIABILITIES 125,261 236,238

CREDITORS
Amounts falling due after more than one
year

7

-

(5,963

)

PROVISIONS FOR LIABILITIES (12,597 ) (25,419 )
NET ASSETS 112,664 204,856

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 250 250
Retained earnings 111,414 203,606
SHAREHOLDERS' FUNDS 112,664 204,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

Hesket Demain Limited (Registered number: 06930540)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2024 and were signed on its behalf by:




Mr J R Graves - Director



Mrs L M Graves - Director


Hesket Demain Limited (Registered number: 06930540)

Notes to the Financial Statements
for the Period 1 December 2022 to 31 March 2024

1. STATUTORY INFORMATION

Hesket Demain 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.

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.
Plant and machinery - 15% on reducing balance

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

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Hesket Demain Limited (Registered number: 06930540)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 March 2024

2. ACCOUNTING POLICIES - continued

Investments
Investments are held as fixed assets are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 December 2022 341,705
Additions 1,407
Disposals (137,700 )
At 31 March 2024 205,412
DEPRECIATION
At 1 December 2022 202,188
Charge for period 12,012
Eliminated on disposal (59,176 )
At 31 March 2024 155,024
NET BOOK VALUE
At 31 March 2024 50,388
At 30 November 2022 139,517

Included in Fixed Assets above are assets which are held under hire purchase contracts with a net book value of £Nil (2022 - £77,326).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Trade debtors 57,297 60,718
Other debtors 16,235 4,195
73,532 64,913

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Bank loans and overdrafts 136,181 -
Hire purchase contracts - 20,462
Trade creditors 66,500 79,950
Taxation and social security 25,131 52
Other creditors 29,837 229,370
257,649 329,834

Hesket Demain Limited (Registered number: 06930540)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 30.11.22
£    £   
Hire purchase contracts - 5,963

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 30.11.22
£    £   
Hire purchase contracts - 26,425

9. RELATED PARTY DISCLOSURES

During the period, total dividends of £100,000 were paid to the directors .

The directors have a loan account with the company amounting to £Nil (2022 - £Nil) at the year end.

The directors of the company are also partners in the partnership of Messrs JR & LM Graves. During the year the company entered into market value transactions with the partnership.

These transactions are represented by a loan with the partnership. At the balance sheet date this was £27,287 (2022 - £228,440) and is included in other creditors. This loan is unsecured, interest free and repayable on demand.