Company Registration No. 14897463 (England and Wales)
HMS23 Limited
Unaudited accounts
for the year ended 30 September 2024
HMS23 Limited
Unaudited accounts
Contents
HMS23 Limited
Company Information
for the year ended 30 September 2024
Directors
N S Charnock
E L Charnock
Company Number
14897463 (England and Wales)
Registered Office
First Floor
129 High Street
Guildford
Surrey
GU1 3AA
UK
HMS23 Limited
Statement of financial position
as at 30 September 2024
Intangible assets
422,163
-
Investments
1,330,243
1,330,243
Creditors: amounts falling due within one year
(1,632,685)
(1,209,851)
Net current liabilities
(1,632,685)
(1,195,485)
Net assets
119,721
134,758
Called up share capital
100
100
Profit and loss account
119,621
134,658
Shareholders' funds
119,721
134,758
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by
N S Charnock
Director
Company Registration No. 14897463
HMS23 Limited
Notes to the Accounts
for the year ended 30 September 2024
HMS23 Limited is a private company, limited by shares, registered in England and Wales, registration number 14897463. The registered office is First Floor, 129 High Street, Guildford, Surrey, GU1 3AA, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investments in subsidiaries are included at cost less impairment.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the company's investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
There are no other key sources of estimation uncertainty.
HMS23 Limited
Notes to the Accounts
for the year ended 30 September 2024
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is being amortised evenly over its estimated useful life of twenty years.
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Intangible fixed assets
Goodwill
At 30 September 2024
985,200
Charge for the year
563,037
At 30 September 2024
563,037
At 30 September 2024
422,163
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Investments
Subsidiary undertakings
Valuation at 1 October 2023
1,330,243
Valuation at 30 September 2024
1,330,243
Amounts falling due within one year
Amounts due from group undertakings etc.
-
10,250
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Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
287,945
-
Loans from directors
1,304,740
1,209,851
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Average number of employees
During the year the average number of employees was 2 (2023: 2).