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Registered number: 12475304
HAMPSON & MEALEY LIMITED
Unaudited Financial Statements
For The Year Ended 29 February 2024
BRJF Accountants
CIMA
Unit 12 Guest House Farm
Runshaw Lane
Euxton
Lancashire
PR7 6HD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12475304
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 115,560 122,448
115,560 122,448
CURRENT ASSETS
Stocks 5 - 2,128
Debtors 6 - 14
Cash at bank and in hand 28,011 15,644
28,011 17,786
Creditors: Amounts Falling Due Within One Year 7 (113,722 ) (107,010 )
NET CURRENT ASSETS (LIABILITIES) (85,711 ) (89,224 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,849 33,224
Creditors: Amounts Falling Due After More Than One Year 8 (84,932 ) (75,752 )
NET LIABILITIES (55,083 ) (42,528 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (55,183 ) (42,628 )
SHAREHOLDERS' FUNDS (55,083) (42,528)
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kyfer Cooper
Director
9th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HAMPSON & MEALEY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12475304 . The registered office is 284 Mottram Road, Hyde, SK14 2SY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 5% Straight line
Leasehold 5% Straight line
Motor Vehicles 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 1)
3 1
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4. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 March 2023 38,749 88,996 5,500 1,198
Additions - - 40,255 -
Disposals (38,749 ) - (3,690 ) -
As at 29 February 2024 - 88,996 42,065 1,198
Depreciation
As at 1 March 2023 1,937 8,900 825 333
Provided during the period - 4,450 2,599 130
Disposals (1,937 ) - - -
As at 29 February 2024 - 13,350 3,424 463
Net Book Value
As at 29 February 2024 - 75,646 38,641 735
As at 1 March 2023 36,812 80,096 4,675 865
Computer Equipment Total
£ £
Cost
As at 1 March 2023 - 134,443
Additions 600 40,855
Disposals - (42,439 )
As at 29 February 2024 600 132,859
Depreciation
As at 1 March 2023 - 11,995
Provided during the period 62 7,241
Disposals - (1,937 )
As at 29 February 2024 62 17,299
Net Book Value
As at 29 February 2024 538 115,560
As at 1 March 2023 - 122,448
5. Stocks
2024 2023
£ £
Finished goods - 2,128
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 14
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,371 2,534
Trade creditors (1 ) -
Other loans - 100,000
Other creditors 100,803 4,476
Taxation and social security 2,549 -
113,722 107,010
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,925 -
Bank loans 76,007 -
Other loans - 75,752
84,932 75,752
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,371 2,770
Later than one year and not later than five years 8,925 -
19,296 2,770
Less: Finance charges allocated to future periods - 236
19,296 2,534
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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