4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04163502 2023-05-01 2024-04-30 04163502 2024-04-30 04163502 2023-04-30 04163502 2022-05-01 2023-04-30 04163502 2023-04-30 04163502 2022-04-30 04163502 core:PlantMachinery 2023-05-01 2024-04-30 04163502 core:FurnitureFittings 2023-05-01 2024-04-30 04163502 core:MotorVehicles 2023-05-01 2024-04-30 04163502 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 04163502 bus:Director2 2023-05-01 2024-04-30 04163502 core:WithinOneYear 2024-04-30 04163502 core:WithinOneYear 2023-04-30 04163502 core:ShareCapital 2024-04-30 04163502 core:ShareCapital 2023-04-30 04163502 core:RetainedEarningsAccumulatedLosses 2024-04-30 04163502 core:RetainedEarningsAccumulatedLosses 2023-04-30 04163502 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 04163502 core:Non-currentFinancialInstruments 2024-04-30 04163502 core:Non-currentFinancialInstruments 2023-04-30 04163502 bus:SmallEntities 2023-05-01 2024-04-30 04163502 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04163502 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04163502 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04163502 bus:AbridgedAccounts 2023-05-01 2024-04-30 04163502 core:NetGoodwill 2023-05-01 2024-04-30 04163502 core:AssetsNotYetAvailableForUsePPE 2023-05-01 2024-04-30
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
All of the members of H.D. Marketing Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 04163502
H.D. MARKETING LIMITED
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 April 2024
H.D. MARKETING LIMITED
REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF H.D. MARKETING LIMITED
YEAR ENDED 30 APRIL 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of H.D. Marketing Limited for the year ended 30 April 2024, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LANGARD LIFFORD HALL LIMITED Accountants and Registered Auditors
Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN
17 January 2025
H.D. MARKETING LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
27,840
34,800
Investments
7
11,546
11,546
------------
------------
39,386
46,346
Current assets
Stocks
21,200
5,089
Debtors
86,706
78,008
Cash at bank and in hand
29,023
28,178
------------
------------
136,929
111,275
Creditors: amounts falling due within one year
163,910
135,051
------------
------------
Net current liabilities
26,981
23,776
------------
------------
Total assets less current liabilities
12,405
22,570
Provisions
Taxation including deferred tax
3,403
------------
------------
Net assets
12,405
19,167
------------
------------
Capital and reserves
Called up share capital
50
50
Profit and loss account
12,355
19,117
------------
------------
Shareholders funds
12,405
19,167
------------
------------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
H.D. MARKETING LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
For the year ending 30 April 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 abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
These abridged financial statements were approved by the board of directors and authorised for issue on 17 January 2025 , and are signed on behalf of the board by:
R Howard
Director
Company registration number: 04163502
H.D. MARKETING LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2. Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents the realisable value of work undertaken during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5-20% straight line basis
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment
-
20% reducing balance
Fixture and fittings
-
20% reducing balance
Motor Vehicles
-
20% reducing balance
Assets for rental
-
20% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Intangible Assets
£
Cost
At 1 May 2023 and 30 April 2024
160,906
------------
Amortisation
At 1 May 2023 and 30 April 2024
160,906
------------
Carrying amount
At 30 April 2024
------------
At 30 April 2023
------------
6. Tangible Assets
£
Cost
At 1 May 2023 and 30 April 2024
378,363
------------
Depreciation
At 1 May 2023
343,563
Charge for the year
6,960
------------
At 30 April 2024
350,523
------------
Carrying amount
At 30 April 2024
27,840
------------
At 30 April 2023
34,800
------------
7. Investments
£
Cost
At 1 May 2023 and 30 April 2024
11,546
------------
Impairment
At 1 May 2023 and 30 April 2024
------------
Carrying amount
At 30 April 2024
11,546
------------
At 30 April 2023
11,546
------------
8. Directors' Advances, Credits and Guarantees
At the year end the company owed the director £116,736 (2023: £89,812).