Registered number
03975481
HAMILTON-BROWN BUSINESS GRAPHICS LIMITED
Filleted Accounts
31 December 2024
HAMILTON-BROWN BUSINESS GRAPHICS LIMITED
Registered number: 03975481
Balance Sheet
as at 31 December 2024
Notes 31-Dec-24 30-Apr-24
£ £
Fixed assets
Tangible assets 3 88,401 58,305
Current assets
Debtors 4 1,100,479 951,548
Cash at bank and in hand 747,666 921,509
1,848,145 1,873,057
Creditors: amounts falling due within one year 5 (460,178) (556,169)
Net current assets 1,387,967 1,316,888
Total assets less current liabilities 1,476,368 1,375,193
Provisions for liabilities (11,386) -
Net assets 1,464,982 1,375,193
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,464,882 1,375,093
Shareholders' funds 1,464,982 1,375,193
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.
J Hamilton-Brown
Director
Approved by the board on 26 June 2025
HAMILTON-BROWN BUSINESS GRAPHICS LIMITED
Notes to the Accounts
for the period from 1 May 2024 to 31 December 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Short leasehold property over the lease term
Office equipment 20% reducing balance
Computer equipment 25% straight line
Other fixed assets no depreciation
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31-Dec-24 30-Apr-24
Number Number
Average number of persons employed by the company 75 73
3 Tangible fixed assets
Short leasehold property Office equipment Computer equipment Other fixed assets Total
£ £ £ £ £
Cost
At 1 May 2024 140,559 105,798 343,085 958 590,400
Additions 43,613 12,099 18,689 - 74,401
Disposals (140,559) (105,455) (188,082) - (434,096)
At 31 December 2024 43,613 12,442 173,692 958 229,747
Depreciation
At 1 May 2024 133,751 86,676 311,668 - 532,095
Charge for the period 5,414 4,071 12,569 - 22,054
On disposals (137,008) (89,073) (185,764) - (411,845)
At 31 December 2024 2,157 1,674 138,473 - 142,304
Net book value
At 31 December 2024 41,456 10,768 35,219 958 88,401
At 30 April 2024 6,808 19,122 31,417 958 58,305
4 Debtors 31-Dec-24 30-Apr-24
£ £
Trade debtors 788,274 609,168
Other debtors 34,925 81,111
Prepayments and accrued income 277,280 261,269
1,100,479 951,548
5 Creditors: amounts falling due within one year 31-Dec-24 30-Apr-24
£ £
Trade creditors 36,797 94,192
Taxation and social security costs 209,942 255,257
Other creditors 74,449 106,965
Accruals and deferred income 138,990 99,755
460,178 556,169
6 Other financial commitments 31-Dec-24 30-Apr-24
£ £
Total future minimum payments under non-cancellable operating leases 458,692 67,773
7 Other information
HAMILTON-BROWN BUSINESS GRAPHICS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
The Poppy Building
8 Brewhouse Yard
London
EC1V 4DG
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