REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 December 2022 to 31 March 2024 |
for |
Hesket Demain Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the 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 |
Plant and machinery | - |
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. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 1 December 2022 |
Additions |
Disposals | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 December 2022 |
Charge for period |
Eliminated on disposal | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 November 2022 |
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 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 30.11.22 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
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. |