Company registration number: 06656764
Unaudited financial statements
for the year ended 31 July 2024
for
Hammondlee Limited
Pages for filing with the Registrar
Company registration number: 06656764
Hammondlee Limited
Balance sheet
as at 31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 7,825 9,783
Tangible assets 5 10,573 14,098
Investments 6 250,000 250,000
268,398 273,881
Current assets
Debtors 102,693 163,196
Cash at bank and in hand 128,667 71,336
231,360 234,532
Creditors: amounts falling due within one
year
(63,082) (58,143)
Net current assets 168,278 176,389
Total assets less current liabilities 436,676 450,270
Creditors: Amounts falling due after more
than one year
(158,149) (280,694)
Provisions for liabilities (2,584) 17,875
NET ASSETS 275,943 187,451
Capital and reserves
Called up share capital 90 90
Profit and loss account 275,853 187,361
TOTAL EQUITY 275,943 187,451
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 06656764
Hammondlee Limited
Balance sheet - continued
as at 31 July 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr G Hammond, Director
28 April 2025
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Hammondlee Limited
Notes to the financial statements
for the year ended 31 July 2024
1 Company information
Hammondlee Limited is a private company registered in England and Wales. Its registered number is 06656764. The company is limited by shares. Its registered office is 20 Eaton Street, Norwich, NR4 7LD.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 5% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 25% reducing balance
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
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Hammondlee Limited
Notes to the financial statements - continued
for the year ended 31 July 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 18 (2023 - 20).
4 Intangible assets
Goodwill
£
Cost
At 1 August 2023 39,152
At 31 July 2024 39,152
Amortisation
At 1 August 2023 29,369
Charge for year 1,958
At 31 July 2024 31,327
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Hammondlee Limited
Notes to the financial statements - continued
for the year ended 31 July 2024
4 Intangible assets - continued
Net book value
At 31 July 2024 7,825
At 31 July 2023 9,783
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 August 2023 64,994
At 31 July 2024 64,994
Depreciation
At 1 August 2023 50,896
Charge for year 3,525
At 31 July 2024 54,421
Net book value
At 31 July 2024 10,573
At 31 July 2023 14,098
6 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests
£
Cost
At 1 August 2023 250,000
At 31 July 2024 250,000
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Hammondlee Limited
Notes to the financial statements - continued
for the year ended 31 July 2024
6 Fixed asset investments - continued
Investments other than loans - continued
Net book value
At 31 July 2024 250,000
At 31 July 2023 250,000
7 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023.
2024 2023
£ £
Mr G Hammond
Balance outstanding at start of year 69,451 62,719
Amounts advanced 56,273 69,952
Amounts repaid (69,451) (63,130)
Balance outstanding at end of year 56,273 69,541
The maximum amount overdrawn during the year was £124,325 and interest of £1,399 was charged.
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