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Registration number: 13975733

43 Humberston Avenue Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

43 Humberston Avenue Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

43 Humberston Avenue Limited

(Registration number: 13975733)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

727,707

716,098

Debtors

5

-

1,915

Cash at bank and in hand

 

276

902

 

727,983

718,915

Creditors: Amounts falling due within one year

6

(731,359)

(719,828)

Net liabilities

 

(3,376)

(913)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(3,476)

(1,013)

Shareholders' deficit

 

(3,376)

(913)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 September 2024 and signed on its behalf by:
 

 

43 Humberston Avenue Limited

(Registration number: 13975733)
Balance Sheet as at 31 March 2024

.........................................
Mr T Davies
Director

.........................................
Mr J R Davies
Director

.........................................
Mr D Owen
Director

 

43 Humberston Avenue Limited

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

1

General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
33-41 Church Street
Grimsby
N E Lincs
DN32 7DD

These financial statements were authorised for issue by the Board on 13 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

 

43 Humberston Avenue Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2023 - 3).

4

Stocks

2024
£

2023
£

Work in progress

727,707

716,098

5

Debtors

Current

2024
£

2023
£

Other debtors

-

1,915

 

-

1,915

 

43 Humberston Avenue Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

3,341

3,286

Taxation and social security

 

1,326

-

Accruals and deferred income

 

1,250

1,000

Amounts Owing to David Owen Developments Limited

 

362,221

357,771

Other Creditors

 

363,221

357,771

 

731,359

719,828

7

Related party transactions

Transactions with Directors

2024

At 1 April 2023
£

Repayments by Director
£

At 31 March 2024
£

Mr T Davies

Interest Free Loan

25

(25)

-

       
     

Mr J R Davies

Interest Free Loan

25

(25)

-

       
     

Mr D Owen

Interest Free Loan

50

(50)

-

       
     

 

2023

At 15 March 2022
£

Advances to Director
£

At 31 March 2023
£

Mr T Davies

Interest Free Loan

-

25

25

       
     

Mr J R Davies

Interest Free Loan

-

25

25

       
     

Mr D Owen

Interest Free Loan

-

50

50