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REGISTERED NUMBER: 07688921 (England and Wales)

















G Hamlin Limited

Financial Statements

for the Year Ended 30 June 2024






G Hamlin Limited (Registered number: 07688921)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G Hamlin Limited

Company Information
for the year ended 30 June 2024







DIRECTOR: G J Hamlin





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 07688921 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

G Hamlin Limited (Registered number: 07688921)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,025 4,600
Tangible assets 5 14,325 20,826
18,350 25,426

CURRENT ASSETS
Stocks 227 780
Debtors 6 47,668 37,638
Cash at bank 99,792 79,683
147,687 118,101
CREDITORS
Amounts falling due within one year 7 62,164 84,387
NET CURRENT ASSETS 85,523 33,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,873

59,140

PROVISIONS FOR LIABILITIES 3,147 3,988
NET ASSETS 100,726 55,152

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,626 55,052
SHAREHOLDERS' FUNDS 100,726 55,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 January 2025 and were signed by:





G J Hamlin - Director


G Hamlin Limited (Registered number: 07688921)

Notes to the Financial Statements
for the year ended 30 June 2024


1. STATUTORY INFORMATION

G Hamlin 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.

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 2011, is being amortised evenly over its estimated useful life of twenty 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.
Plant and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

G Hamlin Limited (Registered number: 07688921)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 11,500
AMORTISATION
At 1 July 2023 6,900
Charge for year 575
At 30 June 2024 7,475
NET BOOK VALUE
At 30 June 2024 4,025
At 30 June 2023 4,600

5. TANGIBLE FIXED ASSETS
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 July 2023 11,517 25,883 37,400
Additions 758 - 758
Disposals (4,219 ) (10,483 ) (14,702 )
At 30 June 2024 8,056 15,400 23,456
DEPRECIATION
At 1 July 2023 7,316 9,258 16,574
Charge for year 668 4,044 4,712
Eliminated on disposal (2,944 ) (9,211 ) (12,155 )
At 30 June 2024 5,040 4,091 9,131
NET BOOK VALUE
At 30 June 2024 3,016 11,309 14,325
At 30 June 2023 4,201 16,625 20,826

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,402 13,424
Other debtors 26,515 23,052
Prepayments and accrued income 1,751 1,162
47,668 37,638

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,406 39,964
UK corporation tax 18,175 10,351
Tax and social security costs 5,945 4,686
Other creditors 261 254
Directors' current accounts 16,577 27,132
Accruals and deferred income 1,800 2,000
62,164 84,387