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Registered number: 04602531

Hammond Lubricants and Chemicals Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
Taylor & Taylor Accountants Limited
Chartered Accountants
175 Cole Valley Road
Birmingham
B28 0DG

Hammond Lubricants and Chemicals Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
M.Hammond
S.Hammond
SECRETARY
M.Hammond
REGISTERED OFFICE
Unit 2 - 4 Porters Way
Bordesley Green
Birmingham
B9 5RR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04602531
ACCOUNTANTS
Taylor & Taylor Accountants Limited
Chartered Accountants
175 Cole Valley Road
Birmingham
B28 0DG

Hammond Lubricants and Chemicals Limited

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Hammond Lubricants and Chemicals Limited

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets446,16159,376
CURRENT ASSETS
Stock68,16667,741
Debtors6388,940416,311
Cash at bank and in hand94,78460,191
551,890544,243
CREDITORS: Amounts falling due within one year7542,777492,688
NET CURRENT ASSETS9,11351,555
TOTAL ASSETS LESS CURRENT LIABILITIES55,274110,931
CREDITORS: Amounts falling due after more than one year831,23861,798
PROVISIONS FOR LIABILITIES AND CHARGES91,0821,321
NET ASSETS22,95447,812
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account22,85447,712
SHAREHOLDERS' FUNDS22,95447,812
For the year ending 30/04/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/09/2024 and signed on their behalf by
.............................
M.Hammond
Director

Hammond Lubricants and Chemicals Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Hammond Lubricants and Chemicals Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees33
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/05/20231,000,0001,000,000
At 30/04/20241,000,0001,000,000
Depreciation
At 01/05/20231,000,0001,000,000
At 30/04/20241,000,0001,000,000
Net Book Amounts
At 30/04/2024--
4. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentMotor CarsTotal
££££
Cost
At 01/05/202361,10210,242167,540238,884
Additions-2,264-2,264
Disposals-(683)-(683)
At 30/04/202461,10211,823167,540240,465
Depreciation
At 01/05/202357,0555,961116,492179,508
Disposals-(591)-(591)
For the year1,0121,61312,76215,387
At 30/04/202458,0676,983129,254194,304
Net Book Amounts
At 30/04/20243,0354,84038,28646,161
At 30/04/20234,0474,28151,04859,376

Hammond Lubricants and Chemicals Limited

5. STOCK 20242023
££
Stock comprises:
Stock68,16667,741
68,16667,741
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors366,181396,685
Prepayments22,75919,626
388,940416,311
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax42,50038,077
VAT18,93623,030
Nest control289-
Directors current account-163
Bank Loan28,97132,500
Hire purchase20,56128,845
Trade creditors391,621369,073
Accruals39,8991,000
542,777492,688
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr10,83420,833
Hire purchase >1yr20,40440,965
31,23861,798

Hammond Lubricants and Chemicals Limited

9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation1,0821,321
1,0821,321
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
67 Ordinary A shares of £1 each6767
33 Ordinary B shares of £1 each3333
100100