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Registration number: 04712298

Hambleton (UK) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Hambleton (UK) Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Hambleton (UK) Limited

(Registration number: 04712298)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

234,673

221,611

Current assets

 

Stocks

5

1,339,238

770,999

Debtors

6

2,002,769

2,144,299

Cash at bank and in hand

 

186,276

623,451

 

3,528,283

3,538,749

Creditors: Amounts falling due within one year

7

(1,287,237)

(1,462,792)

Net current assets

 

2,241,046

2,075,957

Total assets less current liabilities

 

2,475,719

2,297,568

Provisions for liabilities

(32,313)

(28,688)

Net assets

 

2,443,406

2,268,880

Capital and reserves

 

Called up share capital

1,080

1,080

Retained earnings

2,442,326

2,267,800

Shareholders' funds

 

2,443,406

2,268,880

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 20 May 2025 and signed on its behalf by:
 

 

Hambleton (UK) Limited

(Registration number: 04712298)
Statement of Financial Position as at 31 December 2024

.........................................
Mr Iqbal Moosa
Director

   
     
 

Hambleton (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Newlands House
60 Chain House Lane
Whitestake
Preston
PR4 4LG

These financial statements were authorised for issue by the Board on 20 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Hambleton (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10 - 25% straight line

Motor vehicles

25% straight line

Stocks

Stocks are measured at the lower of cost and net realisable value, after making due allowances for obsolete stock and slow moving items.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Hambleton (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
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.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 13).

 

Hambleton (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

-

219,264

242,714

461,978

Additions

94,953

6,584

-

101,537

Disposals

-

(18,405)

(75,000)

(93,405)

At 31 December 2024

94,953

207,443

167,714

470,110

Depreciation

At 1 January 2024

-

165,872

74,494

240,366

Charge for the year

8,673

12,875

41,928

63,476

Eliminated on disposal

-

(18,405)

(50,000)

(68,405)

At 31 December 2024

8,673

160,342

66,422

235,437

Carrying amount

At 31 December 2024

86,280

47,101

101,292

234,673

At 31 December 2023

-

53,391

168,220

221,611

Included within the net book value of land and buildings above is £86,280 (2023 - £Nil) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

1,339,238

770,999

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,403,427

1,498,791

Prepayments

36,228

35,542

Other debtors

563,114

609,966

 

2,002,769

2,144,299

 

Hambleton (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

821,332

1,180,834

Taxation and social security

198,999

145,699

Accruals and deferred income

25,857

60,859

Other creditors

241,049

75,400

1,287,237

1,462,792

Within other creditors are amounts owed to directors/shareholders of £58,897 (2023 - £Nil)

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

74,718

81,737

Later than one year and not later than five years

113,630

188,348

188,348

270,085

The amount of non-cancellable operating lease payments recognised as an expense during the year was £75,311 (2023 - £63,500).

9

Related party transactions

Transactions with directors

2024

At 1 January 2024
£

Repayments by director
£

At 31 December 2024
£

Mrs Allison Jane Moosa

Iqbal & Allison Moosa

5,681

(5,681)

-

Mr Riyaz Safri

Riyaz & Tahera Safri

8,590

(8,590)

-

 

Hambleton (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2023

At 1 January 2023
£

Advances to director
£

At 31 December 2023
£

Mrs Allison Jane Moosa

Iqbal & Allison Moosa

-

5,681

5,681

Mr Riyaz Safri

Riyaz & Tahera Safri

-

8,590

8,590