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Company Registration No. 11688859 (England and Wales)
Hurdman Art Frames Ltd Unaudited accounts for the year ended 30 November 2024
Hurdman Art Frames Ltd Unaudited accounts Contents
Page
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Hurdman Art Frames Ltd Company Information for the year ended 30 November 2024
Director
Thomas Hurdman
Company Number
11688859 (England and Wales)
Registered Office
21 Darville Road London N16 7PT
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Hurdman Art Frames Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,343 
24,938 
Current assets
Inventories
10,400 
8,881 
Debtors
35,674 
41,469 
Cash at bank and in hand
27,180 
42,194 
73,254 
92,544 
Creditors: amounts falling due within one year
(37,149)
(33,549)
Net current assets
36,105 
58,995 
Total assets less current liabilities
54,448 
83,933 
Provisions for liabilities
Deferred tax
(3,139)
(4,357)
Net assets
51,309 
79,576 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
51,209 
79,476 
Shareholders' funds
51,309 
79,576 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 June 2025 and were signed on its behalf by
Thomas Hurdman Director Company Registration No. 11688859
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Hurdman Art Frames Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Hurdman Art Frames Ltd is a private company, limited by shares, registered in England and Wales, registration number 11688859. The registered office is 21 Darville Road, London, N16 7PT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years on cost
Motor vehicles
4 years on reducing balance
Computer equipment
3 years on cost
Inventories
Inventories have been valued at the lower of cost and net realisable value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Hurdman Art Frames Ltd Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
11,944 
38,475 
1,227 
51,646 
At 30 November 2024
11,944 
38,475 
1,227 
51,646 
Depreciation
At 1 December 2023
11,052 
14,429 
1,227 
26,708 
Charge for the year
583 
6,012 
- 
6,595 
At 30 November 2024
11,635 
20,441 
1,227 
33,303 
Net book value
At 30 November 2024
309 
18,034 
- 
18,343 
At 30 November 2023
892 
24,046 
- 
24,938 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,956 
6,251 
Accrued income and prepayments
3,148 
1,581 
Other debtors
24,570 
33,637 
35,674 
41,469 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
9,038 
5,987 
Taxes and social security
12,803 
17,883 
Other creditors
14,468 
8,864 
Accruals
840 
815 
37,149 
33,549 
7
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 November 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,800 
2,700 
Later than one year and not later than five years
2,800 
- 
19,600 
2,700 
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Hurdman Art Frames Ltd Notes to the Accounts for the year ended 30 November 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Included in other debtors
29,887 
27,933 
37,000 
20,820 
29,887 
27,933 
37,000 
20,820 
Interest is charged on the loan at the official rate. The loan was repaid in full within nine months of the yearend.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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