Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01false1212falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06291815 2023-07-01 2024-06-30 06291815 2022-07-01 2023-06-30 06291815 2024-06-30 06291815 2023-06-30 06291815 c:Director1 2023-07-01 2024-06-30 06291815 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 06291815 d:Buildings d:ShortLeaseholdAssets 2024-06-30 06291815 d:Buildings d:ShortLeaseholdAssets 2023-06-30 06291815 d:MotorVehicles 2023-07-01 2024-06-30 06291815 d:MotorVehicles 2024-06-30 06291815 d:MotorVehicles 2023-06-30 06291815 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06291815 d:OfficeEquipment 2023-07-01 2024-06-30 06291815 d:OfficeEquipment 2024-06-30 06291815 d:OfficeEquipment 2023-06-30 06291815 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06291815 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06291815 d:ComputerSoftware 2024-06-30 06291815 d:ComputerSoftware 2023-06-30 06291815 d:CurrentFinancialInstruments 2024-06-30 06291815 d:CurrentFinancialInstruments 2023-06-30 06291815 d:CurrentFinancialInstruments 1 2024-06-30 06291815 d:CurrentFinancialInstruments 1 2023-06-30 06291815 d:Non-currentFinancialInstruments 2024-06-30 06291815 d:Non-currentFinancialInstruments 2023-06-30 06291815 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06291815 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06291815 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 06291815 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 06291815 d:ShareCapital 2024-06-30 06291815 d:ShareCapital 2023-06-30 06291815 d:SharePremium 2024-06-30 06291815 d:SharePremium 2023-06-30 06291815 d:RetainedEarningsAccumulatedLosses 2024-06-30 06291815 d:RetainedEarningsAccumulatedLosses 2023-06-30 06291815 c:FRS102 2023-07-01 2024-06-30 06291815 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06291815 c:FullAccounts 2023-07-01 2024-06-30 06291815 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06291815 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 06291815 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 06291815 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 06291815 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 06291815 2 2023-07-01 2024-06-30 06291815 4 2023-07-01 2024-06-30 06291815 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-06-30 06291815 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 06291815 d:LeasedAssetsHeldAsLessee 2024-06-30 06291815 d:LeasedAssetsHeldAsLessee 2023-06-30 06291815 d:ComputerSoftware d:OwnedIntangibleAssets 2023-07-01 2024-06-30 06291815 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 06291815









HAMMOND CLARKE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
HAMMOND CLARKE LIMITED
REGISTERED NUMBER: 06291815

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,234
1,542

Tangible assets
 5 
194,342
105,408

  
195,576
106,950

Current assets
  

Debtors: amounts falling due within one year
 6 
1,899,687
1,891,614

Cash at bank and in hand
 7 
27,414
14,615

  
1,927,101
1,906,229

Creditors: amounts falling due within one year
 8 
(1,898,752)
(1,872,739)

Net current assets
  
 
 
28,349
 
 
33,490

Total assets less current liabilities
  
223,925
140,440

Creditors: amounts falling due after more than one year
 9 
(96,717)
(33,890)

Provisions for liabilities
  

Deferred tax
  
(46,517)
(26,410)

  
 
 
(46,517)
 
 
(26,410)

Net assets
  
80,691
80,140


Capital and reserves
  

Called up share capital 
  
1,147
1,147

Share premium account
  
24,001
24,001

Profit and loss account
  
55,543
54,992

  
80,691
80,140


Page 1

 
HAMMOND CLARKE LIMITED
REGISTERED NUMBER: 06291815
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 income and retained earnings 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 by: 




................................................
J A Hammond
Director
Date: 19 March 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Hammond Clarke Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information page of these financial statements.
The company's principal activity is the provision of temporary and permanent employment placements. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

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

Going concern

The financial statements have been prepared on a going concern basis and is deemed appropriate in the opinion of the directors.

 
2.3

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.

Page 3

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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.

Page 4

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.11

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.12

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.

Page 5

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.12
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as below.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10% reducing balance
Motor vehicles
-
25% straight-line
Office equipment
-
25% reducing balance

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

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 6

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).


4.


Intangible assets




Computer software

£



Cost


At 1 July 2023
15,611



At 30 June 2024

15,611



Amortisation


At 1 July 2023
14,069


Charge for the year on owned assets
308



At 30 June 2024

14,377



Net book value



At 30 June 2024
1,234



At 30 June 2023
1,542



Page 7

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
166,124
-
57,106
223,230


Additions
-
120,621
1,970
122,591



At 30 June 2024

166,124
120,621
59,076
345,821



Depreciation


At 1 July 2023
71,059
-
46,765
117,824


Charge for the year on owned assets
9,506
21,360
2,789
33,655



At 30 June 2024

80,565
21,360
49,554
151,479



Net book value



At 30 June 2024
85,559
99,261
9,522
194,342



At 30 June 2023
95,066
-
10,342
105,408

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
99,261
-

99,261
-

Page 8

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,172,175
1,268,867

Amounts owed by group undertakings
155,022
134,605

Called up share capital not paid
25,575
25,575

Prepayments and accrued income
546,915
462,567

1,899,687
1,891,614



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
27,414
14,615

27,414
14,615



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,156
5,556

Trade creditors
759
-

Amounts owed to group undertakings
26,091
34,021

Corporation tax
33,575
40,731

Other taxation and social security
105,553
131,047

Obligations under finance lease and hire purchase contracts
7,147
-

Proceeds of factored debts
1,122,320
1,063,981

Other creditors
16,054
28,768

Accruals and deferred income
581,097
568,635

1,898,752
1,872,739


On 22nd August 2023, a fixed and floating charge over all company assets was registered at Companies House in favour of ABN Amro Asset Based Finance N.V. The charge was with respect to the invoice discounting facility utilised by the company.
On 4 January 2024, a second fixed and floating charge against all company assets was registered at Companies House in favour of Barclays Security Trustee Limited. 

Page 9

 
HAMMOND CLARKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
27,776
33,890

Net obligations under finance leases and hire purchase contracts
68,941
-

96,717
33,890



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
7,147
-

Between 1-5 years
68,941
-

76,088
-


11.


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 £21,786 (2023 - £28,973) . Contributions totalling £1,747 (2023 - £4,758) were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

At the balance sheet date, a balance of £154,194 was owed to the company by the parent company, Hammond Clarke Group Limited.

 
Page 10