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Hamilton & Croft Limited
Registered Number:05034598
For the year ended 29 February 2024
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 29 February 2024
Hamilton & Croft Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05034598
As at 29 February 2024
Hamilton & Croft Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
42,159
35,191
2
42,159
35,191
Current assets
Inventories
16,500
15,200
3
Trade and other receivables
78,127
85,929
4
37,349
Cash and cash equivalents
15,242
116,371
131,976
Trade and other payables: amounts falling due within one
year
(82,394)
(71,632)
5
49,582
44,739
Net current assets
Total assets less current liabilities
86,898
84,773
Trade and other payables: amounts falling due after more
than one year
(35,160)
(25,291)
6
(8,011)
(6,687)
Provisions for liabilities
53,596
Net assets
42,926
Capital and reserves
Called up share capital
100
100
Retained earnings
53,496
42,826
53,596
42,926
Shareholders' funds
For the year ended 29 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
M Hamilton Director
D Croft Director
These financial statements were approved and authorised for issue by the Board on 27 November 2024 and were signed by:
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4
Registered Number :
05034598
For the year ended 29 February 2024
Hamilton & Croft Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 29 February 2024
Hamilton & Croft Limited
Notes to the Financial Statements
Statutory Information
Hamilton & Croft Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05034598.
Registered address:
Royal Business Park
King Street
Pontefract
West Yorkshire
WF8 4AH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
3% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 29 February 2024
Hamilton & Croft Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 March 2023
147,489
4,218
25,700
117,571
15,371
-
14,989
382
Additions
-
(20,700)
-
Disposals
(20,700)
At 29 February 2024
117,953
19,989
4,218
142,160
Provision for depreciation and impairment
At 01 March 2023
112,298
3,984
22,195
86,119
Charge for year
5,603
77
801
4,725
(17,900)
-
(17,900)
-
On disposal
At 29 February 2024
100,001
4,061
5,096
90,844
At 29 February 2024
Net book value
27,109
14,893
157
42,159
At 28 February 2023
31,452
3,505
234
35,191
Land & Buildings revaluation carried out 25 August 2021.
3. Inventories
2023
2024
£
£
Stocks
15,200
16,500
4. Trade and other receivables
2023
2024
£
£
Trade debtors
85,650
78,063
Other debtors
279
64
78,127
85,929
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7
For the year ended 29 February 2024
Hamilton & Croft Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
44,440
47,231
Taxation and social security
24,358
32,996
Other creditors
2,834
2,167
71,632
82,394
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
24,588
34,226
Other creditors
703
934
25,291
35,160
7. Average number of persons employed
During the year the average number of employees was 6 (2023 : 6)
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