9 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 180,891 347,231 34,298 4,950 29,348 29,348 1,142,500 1,142,500 1,142,500 xbrli:pure xbrli:shares iso4217:GBP 11112020 2023-09-01 2024-08-31 11112020 2024-08-31 11112020 2023-08-31 11112020 2022-09-01 2023-08-31 11112020 2023-08-31 11112020 2022-08-31 11112020 core:LandBuildings core:ShortLeaseholdAssets 2023-09-01 2024-08-31 11112020 core:MotorVehicles 2023-09-01 2024-08-31 11112020 bus:RegisteredOffice 2023-09-01 2024-08-31 11112020 bus:Director1 2023-09-01 2024-08-31 11112020 bus:Director3 2023-09-01 2024-08-31 11112020 bus:Director4 2023-09-01 2024-08-31 11112020 bus:Director3 2024-08-31 11112020 core:LandBuildings core:ShortLeaseholdAssets 2023-08-31 11112020 core:MotorVehicles 2023-08-31 11112020 core:LandBuildings core:ShortLeaseholdAssets 2024-08-31 11112020 core:MotorVehicles 2024-08-31 11112020 core:AfterOneYear 2023-08-31 11112020 core:WithinOneYear 2024-08-31 11112020 core:WithinOneYear 2023-08-31 11112020 core:ShareCapital 2024-08-31 11112020 core:ShareCapital 2023-08-31 11112020 core:SharePremium 2024-08-31 11112020 core:OtherReservesSubtotal 2024-08-31 11112020 core:OtherReservesSubtotal 2023-08-31 11112020 core:RetainedEarningsAccumulatedLosses 2024-08-31 11112020 core:RetainedEarningsAccumulatedLosses 2023-08-31 11112020 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-08-31 11112020 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 11112020 core:Non-currentFinancialInstruments 2024-08-31 11112020 core:LandBuildings core:ShortLeaseholdAssets 2023-08-31 11112020 core:MotorVehicles 2023-08-31 11112020 bus:SmallEntities 2023-09-01 2024-08-31 11112020 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11112020 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11112020 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11112020 bus:FullAccounts 2023-09-01 2024-08-31 11112020 core:IntangibleAssetsOtherThanGoodwill 2024-08-31 11112020 core:IntangibleAssetsOtherThanGoodwill 2023-08-31 11112020 core:ToolsEquipment 2023-08-31 11112020 core:ToolsEquipment 2023-09-01 2024-08-31 11112020 core:ToolsEquipment 2024-08-31
COMPANY REGISTRATION NUMBER: 11112020
HDM WORLDWIDE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 August 2024
HDM WORLDWIDE LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
Contents
Page
Officers and Professional Advisers
1
Directors' Report
2
Statement of Comprehensive Income
3
Statement of Financial Position
4
Notes to the Financial Statements
6
HDM WORLDWIDE LTD
OFFICERS AND PROFESSIONAL ADVISERS
The Board of Directors
D J Rogers
D P S MacFarlane
Registered Office
Unit 3
Carmel Park
Saltmarsh Court
Hull
England
HU4 7DZ
HDM WORLDWIDE LTD
DIRECTORS' REPORT
YEAR ENDED 31 AUGUST 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 August 2024 .
Directors
The directors who served the company during the year were as follows:
D J Rogers
D P S MacFarlane
(Appointed 28 December 2023)
J Von Berenberg-Consbruch
(Served from 28 December 2023 to 23 April 2024)
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 25 February 2025 and signed on behalf of the board by:
D J Rogers
Director
Registered office:
Unit 3
Carmel Park
Saltmarsh Court
Hull
England
HU4 7DZ
HDM WORLDWIDE LTD
STATEMENT OF COMPREHENSIVE INCOME
YEAR ENDED 31 AUGUST 2024
2024
2023
Note
£
£
Turnover
2,970,041
Cost of sales
2,196,851
-----
--------------
Gross Profit
773,190
Distribution costs
13,278
Administrative expenses
408,306
567,063
Other operating income
554,940
224,665
-----------
-----------
Operating Profit
146,634
417,514
Other interest receivable and similar income
57,566
86
Interest payable and similar expenses
7,474
5,369
-----------
-----------
Profit Before Taxation
5
196,726
412,231
Tax on profit
15,835
65,000
-----------
-----------
Profit for the Financial Year and Total Comprehensive Income
180,891
347,231
-----------
-----------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
HDM WORLDWIDE LTD
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
£
£
Fixed Assets
Intangible assets
6
29,348
29,348
Tangible assets
7
330,032
97,727
Investments
8
1,142,500
--------------
-----------
1,501,880
127,075
Current Assets
Debtors
9
1,171,578
408,787
Cash at bank and in hand
1,344,158
182,089
--------------
-----------
2,515,736
590,876
Creditors: amounts falling due within one year
10
164,653
223,038
--------------
-----------
Net Current Assets
2,351,083
367,838
--------------
-----------
Total Assets Less Current Liabilities
3,852,963
494,913
Creditors: amounts falling due after more than one year
11
76,504
--------------
-----------
Net Assets
3,852,963
418,409
--------------
-----------
HDM WORLDWIDE LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 August 2024
2024
2023
Note
£
£
£
£
Capital and Reserves
Called up share capital
127
100
Share premium account
3,313,636
Other reserves
100,000
100,000
Profit and loss account
439,200
318,309
--------------
-----------
Shareholders Funds
3,852,963
418,409
--------------
-----------
These financial statements have been prepared 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'.
For the year ending 31 August 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 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 February 2025 , and are signed on behalf of the board by:
D J Rogers
Director
Company registration number: 11112020
HDM WORLDWIDE LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 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 Unit 3, Carmel Park, Saltmarsh Court, Hull, HU4 7DZ, England.
2. Statement of Compliance
These 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 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and 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.
Intangible Assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
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:
Other intangibles
-
over 6 years
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:
Short leasehold property
-
10% straight line
Motor vehicles
-
20% straight line
Equipment
-
15% -20% Straight Line
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.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
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.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 21 ).
5. Profit Before Taxation
Profit before taxation is stated after charging:
2024
2023
£
£
Amortisation of intangible assets
4,950
Depreciation of tangible assets
52,047
17,817
---------
---------
6. Intangible Assets
Other intangibles
£
Cost
At 1 September 2023 and 31 August 2024
34,298
---------
Amortisation
At 1 September 2023 and 31 August 2024
4,950
---------
Carrying amount
At 31 August 2024
29,348
---------
At 31 August 2023
29,348
---------
7. Tangible Assets
Short leasehold property
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 September 2023
25,864
58,406
34,468
118,738
Additions
2,417
246,997
34,938
284,352
---------
-----------
---------
-----------
At 31 August 2024
28,281
305,403
69,406
403,090
---------
-----------
---------
-----------
Depreciation
At 1 September 2023
1,525
14,563
4,923
21,011
Charge for the year
2,756
41,060
8,231
52,047
---------
-----------
---------
-----------
At 31 August 2024
4,281
55,623
13,154
73,058
---------
-----------
---------
-----------
Carrying amount
At 31 August 2024
24,000
249,780
56,252
330,032
---------
-----------
---------
-----------
At 31 August 2023
24,339
43,843
29,545
97,727
---------
-----------
---------
-----------
8. Investments
Shares in group undertakings
£
Cost
At 1 September 2023
Additions
1,142,500
--------------
At 31 August 2024
1,142,500
--------------
Impairment
At 1 September 2023 and 31 August 2024
--------------
Carrying amount
At 31 August 2024
1,142,500
--------------
At 31 August 2023
--------------
9. Debtors
2024
2023
£
£
Trade debtors
7,875
Amounts owed by group undertakings and undertakings in which the company has a participating interest
453,582
Other debtors
717,996
400,912
--------------
-----------
1,171,578
408,787
--------------
-----------
10. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
71,185
48,430
Corporation tax
77,424
65,000
Social security and other taxes
27,617
Other creditors
16,044
81,991
-----------
-----------
164,653
223,038
-----------
-----------
11. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
76,504
-----
---------