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HEMINGWAY SERVICES (YORKSHIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HEMINGWAY SERVICES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07961495)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEMINGWAY SERVICES (YORKSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P R Hemingway





REGISTERED OFFICE: Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY





REGISTERED NUMBER: 07961495 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

HEMINGWAY SERVICES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07961495)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 87,022 107,816
87,022 107,816

CURRENT ASSETS
Stocks 33,757 77,173
Debtors 6 203,287 178,743
Cash at bank and in hand 37,935 74,584
274,979 330,500
CREDITORS
Amounts falling due within one year 7 90,867 128,617
NET CURRENT ASSETS 184,112 201,883
TOTAL ASSETS LESS CURRENT LIABILITIES 271,134 309,699

CREDITORS
Amounts falling due after more than one
year

8

(19,556

)

(39,301

)

PROVISIONS FOR LIABILITIES 9 (16,534 ) (20,485 )
NET ASSETS 235,044 249,913

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 235,043 249,912
SHAREHOLDERS' FUNDS 235,044 249,913

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HEMINGWAY SERVICES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07961495)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2024 and were signed by:





P R Hemingway - Director


HEMINGWAY SERVICES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07961495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Hemingway Services (Yorkshire) Limited 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.


HEMINGWAY SERVICES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07961495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 69,174
AMORTISATION
At 1 April 2023
and 31 March 2024 69,174
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

HEMINGWAY SERVICES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07961495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 28,560 985 218,298 2,514 250,357
Additions - - 14,900 - 14,900
Disposals - - (10,833 ) - (10,833 )
At 31 March 2024 28,560 985 222,365 2,514 254,424
DEPRECIATION
At 1 April 2023 20,492 158 119,378 2,513 142,541
Charge for year 1,614 124 25,379 - 27,117
Eliminated on disposal - - (2,256 ) - (2,256 )
At 31 March 2024 22,106 282 142,501 2,513 167,402
NET BOOK VALUE
At 31 March 2024 6,454 703 79,864 1 87,022
At 31 March 2023 8,068 827 98,920 1 107,816

The net book value of tangible fixed assets includes £ 18,236 (2023 - £ 32,891 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 202,182 177,570
Prepayments 1,105 1,173
203,287 178,743

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,162 9,911
Hire purchase contracts 7,077 14,981
Trade creditors 21,415 32,358
Tax 9,671 24,124
Social security and other taxes (1,749 ) 7,123
VAT 24,706 26,107
Other creditors 7,617 9,122
Directors' current accounts 8,373 1,466
Accrued expenses 3,595 3,425
90,867 128,617

The director's loan account is interest free and repayable on demand.

HEMINGWAY SERVICES (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07961495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,419 10,162
Bank loans - 2-5 years 3,531 13,950
Hire purchase contracts 5,606 15,189
19,556 39,301

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 16,534 20,485

Deferred
tax
£   
Balance at 1 April 2023 20,485
Accelerated capital allowances (3,951 )
Balance at 31 March 2024 16,534

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

11. ULTIMATE CONTROLLING PARTY

The controlling party is P R Hemingway.