HMW Group Limited
Registered number
SC507847
Filleted Accounts
29 February 2024
HMW Group Limited
Registered number: SC507847
Balance Sheet
as at 29 February 2024
Notes 2024 2022
£ £
Fixed assets
Investments 3 301 301
Current assets
Debtors 4 326,168 326,168
Creditors: amounts falling due within one year 5 (272,429) (272,429)
Net current assets 53,739 53,739
Net assets 54,040 54,040
Capital and reserves
Called up share capital 100 100
Profit and loss account 53,940 53,940
Shareholder's funds 54,040 54,040
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Charles W. Clements
Director
Approved by the board on 20 November 2024
HMW Group Limited
Notes to the Accounts
for the period from 1 September 2022 to 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2022 301
At 29 February 2024 301
Historical cost
At 1 September 2022 301
At 29 February 2024 301
4 Debtors 2024 2022
£ £
Other debtors 326,168 326,168
5 Creditors: amounts falling due within one year 2024 2022
£ £
Other creditors 272,429 272,429
6 Controlling party
Charles W. Clements is the controlling party by way of owning 100% of the issued share capital.
7 Other information
HMW Group Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
4 Valentine Court
Dundee Business Park
Dundee
DD2 3QB
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