HERMES ASSOCIATES LIMITED

Company Registration Number:
03474497 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

HERMES ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

HERMES ASSOCIATES LIMITED

Company Information

for the Period Ended 31 May 2024




Director: C J GALVIN
S K MAYES
Registered office: Barn Hill
Rhode Lane
Uplyme
Lyme Regis
England
DT7 3TX
Company Registration Number: 03474497 (England and Wales)

HERMES ASSOCIATES LIMITED

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 2,912 1,653
Total fixed assets: 2,912 1,653
Current assets
Debtors: 22,984 25,578
Cash at bank and in hand: 463,429 448,683
Total current assets: 486,413 474,261
Creditors: amounts falling due within one year: ( 19,553 ) ( 839 )
Net current assets (liabilities): 466,860 473,422
Total assets less current liabilities: 469,772 475,075
Total net assets (liabilities): 469,772 475,075

The notes form part of these financial statements

HERMES ASSOCIATES LIMITED

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 469,672 474,975
Shareholders funds: 469,772 475,075

For the year ending 31 May 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 19 February 2025
And Signed On Behalf Of The Board By:

Name: C J GALVIN
Status: Director

The notes form part of these financial statements

HERMES ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided on tangible fixed assets at the rate of 25% on a reducing balance basis.

    Other accounting policies

    On 31 January 2025 the directors made the decision that the Company would cease trading. As a result, the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements provision for future costs of terminating the business and where appropriate the Company's assets have been written down to their net realisable value.

HERMES ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 4 4

HERMES ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

HERMES ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 2,715
Additions 2,230
Disposals -
Revaluations -
Transfers -
At 31 May 2024 4,945
Depreciation
At 01 June 2023 1,062
Charge for year 971
On disposals -
Other adjustments -
At 31 May 2024 2,033
Net book value
At 31 May 2024 2,912
At 31 May 2023 1,653

HERMES ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 5. Post balance sheet events

    On 31 January 2025 the directors made the decision that the Company would cease trading. As a result, the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements provision for future costs of terminating the business and where appropriate the Company's assets have been written down to their net realisable value.