Registered number
01663878
Hammond Builders Limited
Filleted Accounts
30 September 2024
Hammond Builders Limited
Registered number: 01663878
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,403 27,415
Current assets
Work in progress and stocks 41,833 11,548
Debtors 4 104,341 56,705
Cash at bank and in hand 8,350 11,829
154,524 80,082
Creditors: amounts falling due within one year 5 (118,468) (65,667)
Net current assets 36,056 14,415
Total assets less current liabilities 56,459 41,830
Creditors: amounts falling due after more than one year 6 (34,103) (39,393)
Net assets 22,356 2,437
Capital and reserves
Called up share capital 1,001 1,001
Profit and loss account 21,355 1,436
Shareholders' funds 22,356 2,437
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs. J. Spires
Director
Approved by the board on 27 February 2025
Hammond Builders Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and from the associated sale of goods. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract . The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery and office equipment over 3 years
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant & machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 11,659 48,036 59,695
At 30 September 2024 11,659 48,036 59,695
Depreciation
At 1 October 2023 11,448 20,832 32,280
Charge for the year 211 6,801 7,012
At 30 September 2024 11,659 27,633 39,292
Net book value
At 30 September 2024 - 20,403 20,403
At 30 September 2023 211 27,204 27,415
4 Debtors 2024 2023
£ £
Trade debtors 104,341 29,255
Other debtors - 27,450
104,341 56,705
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 56,917 20,569
Taxation and social security costs 45,522 28,470
Other creditors 16,029 16,628
118,468 65,667
included in creditors is £9,197 (2023:£11,156) owing to the director. The loans are interest-free and there is no fixed date of repayment. The director has confirmed that the loan will only be repaid as and when cash flow permits.
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 34,103 39,393
7 Controlling party
The company is controlled by the directors.
8 Other information
Hammond Builders Limited is a private company limited by shares and incorporated in England. Its registered office is:
69 Blundell Road
Burnt Oak
Edgware
Middlesex
HA8 0JA
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