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Company Registration No. 04108195 (England and Wales)
H AND M DESIGN LIMITED Unaudited accounts for the year ended 31 December 2023
H AND M DESIGN LIMITED Unaudited accounts Contents
Page
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H AND M DESIGN LIMITED Company Information for the year ended 31 December 2023
Directors
Helen Riley Martin Riley
Secretary
Helen Riley
Company Number
04108195 (England and Wales)
Registered Office
C/O SWIFT ACCOUNTING GROUND FLOOR THE CUSTOM HOUSE, THE STRAND BARNSTAPLE DEVON EX31 1EU ENGLAND
Accountants
Swift Accounting & Bookkeeping Services Ltd Ground Floor, The Custom House The Strand Barnstaple Devon EX31 1EU
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H AND M DESIGN LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
496 
583 
Investments
35,667 
33,070 
36,163 
33,653 
Current assets
Debtors
61,041 
31,281 
Cash at bank and in hand
21,774 
25,938 
82,815 
57,219 
Creditors: amounts falling due within one year
(72,272)
(29,345)
Net current assets
10,543 
27,874 
Total assets less current liabilities
46,706 
61,527 
Creditors: amounts falling due after more than one year
(23,146)
(30,028)
Net assets
23,560 
31,499 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
23,558 
31,497 
Shareholders' funds
23,560 
31,499 
For the year ending 31 December 2023 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by
Martin Riley Director Company Registration No. 04108195
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H AND M DESIGN LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
H AND M DESIGN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04108195. The registered office is C/O SWIFT ACCOUNTING GROUND FLOOR, THE CUSTOM HOUSE, THE STRAND, BARNSTAPLE, DEVON, EX31 1EU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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H AND M DESIGN LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
6,000 
At 31 December 2023
6,000 
Amortisation
At 1 January 2023
6,000 
At 31 December 2023
6,000 
Net book value
At 31 December 2023
- 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
2,904 
At 31 December 2023
2,904 
Depreciation
At 1 January 2023
2,321 
Charge for the year
87 
At 31 December 2023
2,408 
Net book value
At 31 December 2023
496 
At 31 December 2022
583 
6
Investments
Other investments 
£ 
Valuation at 1 January 2023
33,070 
Additions
34 
Fair value adjustments
2,563 
Valuation at 31 December 2023
35,667 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,641 
- 
Trade debtors
- 
14,844 
Other debtors
53,400 
16,437 
61,041 
31,281 
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H AND M DESIGN LIMITED Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
12,038 
Trade creditors
608 
1,459 
Taxes and social security
2,145 
15,848 
Loans from directors
69,519 
- 
72,272 
29,345 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,146 
30,028 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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