Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseconstruction services33falsetruefalse 08515099 2023-04-01 2024-03-31 08515099 2022-04-01 2023-03-31 08515099 2024-03-31 08515099 2023-03-31 08515099 c:Director1 2023-04-01 2024-03-31 08515099 d:MotorVehicles 2023-04-01 2024-03-31 08515099 d:MotorVehicles 2024-03-31 08515099 d:MotorVehicles 2023-03-31 08515099 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08515099 d:OfficeEquipment 2023-04-01 2024-03-31 08515099 d:OfficeEquipment 2024-03-31 08515099 d:OfficeEquipment 2023-03-31 08515099 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08515099 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08515099 d:CurrentFinancialInstruments 2024-03-31 08515099 d:CurrentFinancialInstruments 2023-03-31 08515099 d:Non-currentFinancialInstruments 2024-03-31 08515099 d:Non-currentFinancialInstruments 2023-03-31 08515099 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08515099 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08515099 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08515099 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08515099 d:ShareCapital 2024-03-31 08515099 d:ShareCapital 2023-03-31 08515099 d:RetainedEarningsAccumulatedLosses 2024-03-31 08515099 d:RetainedEarningsAccumulatedLosses 2023-03-31 08515099 c:FRS102 2023-04-01 2024-03-31 08515099 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08515099 c:FullAccounts 2023-04-01 2024-03-31 08515099 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08515099 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 08515099 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 08515099 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 08515099 d:HirePurchaseContracts d:MoreThanFiveYears 2024-03-31 08515099 d:HirePurchaseContracts d:MoreThanFiveYears 2023-03-31 08515099 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 08515099 2 2023-04-01 2024-03-31 08515099 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08515099









HAMLET COMMERCIAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
HAMLET COMMERCIAL LIMITED
REGISTERED NUMBER: 08515099

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
69,329
21,069

  
69,329
21,069

Current assets
  

Debtors: amounts falling due within one year
 4 
398,307
394,255

Cash at bank and in hand
 5 
12,863
42,617

  
411,170
436,872

Creditors: amounts falling due within one year
 6 
(273,525)
(296,740)

Net current assets
  
 
 
137,645
 
 
140,132

Total assets less current liabilities
  
206,974
161,201

Creditors: amounts falling due after more than one year
 7 
(36,388)
-

  

Net assets
  
170,586
161,201


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
170,486
161,101

  
170,586
161,201


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 December 2024.



Page 1

 
HAMLET COMMERCIAL LIMITED
REGISTERED NUMBER: 08515099
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


G A Beckley
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HAMLET COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Hamlet Commercial Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 08515099. The registered address of the company is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. The principal activity of the company is that of the provision of commercial construction services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
HAMLET COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% straight-line basis
Office equipment
-
25% straight-line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
HAMLET COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
HAMLET COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
115,561
975
116,536


Additions
79,250
700
79,950



At 31 March 2024

194,811
1,675
196,486



Depreciation


At 1 April 2023
94,796
671
95,467


Charge for the year on owned assets
31,401
289
31,690



At 31 March 2024

126,197
960
127,157



Net book value



At 31 March 2024
68,614
715
69,329



At 31 March 2023
20,765
304
21,069

Page 6

 
HAMLET COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
303,175
325,595

Other debtors
78,683
53,508

Prepayments and accrued income
16,449
15,152

398,307
394,255



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,863
42,617

12,863
42,617



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
106,594
133,847

Corporation tax
44,895
65,064

Other taxation and social security
74,403
47,334

Obligations under finance lease and hire purchase contracts
9,774
-

Other creditors
31,204
43,950

Accruals and deferred income
6,655
6,545

273,525
296,740



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
36,388
-

36,388
-


Page 7

 
HAMLET COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
9,774
-

Between 1-2 years
10,767
-

Between 2-5 years
25,621
-

46,162
-


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £713 (2023 - £713) .
Contributions totaling £125 (2023 - £125) were payable to the fund at the balance sheet date and are
included in creditors.


10.


Related party transactions

At year end the following amounts were due from/(to) related parties:


2024
2023
£
£

Key management personnel
158,695
51,653
Entities under common control
(40,472)
(40,472)
118,223
11,181

 
Page 8