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REGISTERED NUMBER: 07097934 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

HAMILTON PIERCE LTD

HAMILTON PIERCE LTD (REGISTERED NUMBER: 07097934)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAMILTON PIERCE LTD

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R D Johnson
Mrs J N Johnson
P Ferreiro





REGISTERED OFFICE: The Grange
Rattle Road
Stone Cross
Pevensey
East Sussex
BN24 5DX





REGISTERED NUMBER: 07097934 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

HAMILTON PIERCE LTD (REGISTERED NUMBER: 07097934)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,103 21,151

CURRENT ASSETS
Stocks 3,000 3,000
Cash at bank 51,996 35,654
54,996 38,654
CREDITORS
Amounts falling due within one year 5 292,072 167,173
NET CURRENT LIABILITIES (237,076 ) (128,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(203,973

)

(107,368

)

CREDITORS
Amounts falling due after more than one
year

6

(29,009

)

(42,728

)

PROVISIONS FOR LIABILITIES (3,284 ) (4,019 )
NET LIABILITIES (236,266 ) (154,115 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (236,366 ) (154,215 )
SHAREHOLDERS' FUNDS (236,266 ) (154,115 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

HAMILTON PIERCE LTD (REGISTERED NUMBER: 07097934)

Balance Sheet - continued
31 January 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 28 October 2024 and were signed on its behalf by:





R D Johnson - Director


HAMILTON PIERCE LTD (REGISTERED NUMBER: 07097934)

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

1. STATUTORY INFORMATION

Hamilton Pierce 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

HAMILTON PIERCE LTD (REGISTERED NUMBER: 07097934)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 227 - 77,708 1,587 79,522
Additions - 183 21,095 1,943 23,221
At 31 January 2024 227 183 98,803 3,530 102,743
DEPRECIATION
At 1 February 2023 220 - 56,815 1,336 58,371
Charge for year 2 46 10,497 724 11,269
At 31 January 2024 222 46 67,312 2,060 69,640
NET BOOK VALUE
At 31 January 2024 5 137 31,491 1,470 33,103
At 31 January 2023 7 - 20,893 251 21,151

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 9,973 17,002
Hire purchase contracts 4,480 5,917
Trade creditors 84,588 61,065
Taxation and social security 52,781 32,983
Other creditors 140,250 50,206
292,072 167,173

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 21,594 30,833
Hire purchase contracts 7,415 11,895
29,009 42,728

7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 31,567 40,833

The above liability is secured against the asset to which it relates.

HAMILTON PIERCE LTD (REGISTERED NUMBER: 07097934)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is R D Johnson.

The ultimate controlling party is R D Johnson.