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REGISTERED NUMBER: 04663045 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Hamilton Stone Design (Haywards Heath)
Limited

Hamilton Stone Design (Haywards Heath)
Limited (Registered number: 04663045)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hamilton Stone Design (Haywards Heath)
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A L Homer
Mrs C Homer





SECRETARY: Mrs C Homer





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 04663045 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Hamilton Stone Design (Haywards Heath)
Limited (Registered number: 04663045)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 -
Tangible assets 5 102,194 93,323
110,194 93,323

CURRENT ASSETS
Stocks 11,760 39,048
Debtors 6 29,599 14,941
Cash at bank 227,043 310,751
268,402 364,740
CREDITORS
Amounts falling due within one year 7 189,314 179,405
NET CURRENT ASSETS 79,088 185,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,282

278,658

CREDITORS
Amounts falling due after more than one
year

8

(16,833

)

(42,083

)

PROVISIONS FOR LIABILITIES (17,798 ) (11,462 )
NET ASSETS 154,651 225,113

Hamilton Stone Design (Haywards Heath)
Limited (Registered number: 04663045)

Statement of Financial Position - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 153,651 224,113
SHAREHOLDERS' FUNDS 154,651 225,113

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

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 17 October 2024 and were signed on its behalf by:





A L Homer - Director


Hamilton Stone Design (Haywards Heath)
Limited (Registered number: 04663045)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hamilton Stone Design (Haywards Heath) 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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 year 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 statement of financial position date.

Hamilton Stone Design (Haywards Heath)
Limited (Registered number: 04663045)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 10,000
At 31 March 2024 10,000
AMORTISATION
Charge for year 2,000
At 31 March 2024 2,000
NET BOOK VALUE
At 31 March 2024 8,000

Hamilton Stone Design (Haywards Heath)
Limited (Registered number: 04663045)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 141,850 120,710 17,170 279,730
Additions 392 48,720 3,409 52,521
Disposals - (54,574 ) - (54,574 )
At 31 March 2024 142,242 114,856 20,579 277,677
DEPRECIATION
At 1 April 2023 91,510 83,216 11,681 186,407
Charge for year 7,610 17,318 1,779 26,707
Eliminated on disposal - (37,631 ) - (37,631 )
At 31 March 2024 99,120 62,903 13,460 175,483
NET BOOK VALUE
At 31 March 2024 43,122 51,953 7,119 102,194
At 31 March 2023 50,340 37,494 5,489 93,323

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 24,074 13,345
Other debtors - 196
Deposit paid 5,525 1,400
29,599 14,941

Hamilton Stone Design (Haywards Heath)
Limited (Registered number: 04663045)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 25,250 25,250
Trade creditors 101,193 86,863
Credit card 8,328 10,515
Tax 20,825 23,497
Social security and other taxes 10,703 6,023
Wages creditor 1,111 -
VAT 21,183 24,251
Other creditors 274 133
Directors' current accounts 447 2,873
189,314 179,405

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 16,833 42,083

9. RELATED PARTY DISCLOSURES

Mr A L Homer
Director 2024 2023

Dividends paid 51,000 18,000

Capital introduced - 13,192

Capital withdrawn 1,213 -

At the year end,The company owed the director - £224 (2023 the director owed the company £1,437).

Mrs C Homer
Director 2024 2023

Dividends paid 49,000 112,000

Capital introduced - 13,190

Capital withdrawn 1,213 -

At the year end,the company owed the director - £223 (2023 the director owed the company £1,436).

Hamilton Stone Design (Haywards Heath)
Limited (Registered number: 04663045)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. ULTIMATE CONTROLLING PARTY

The controlling party is A L Homer.