20 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 5221571 2023-10-01 2024-09-30 5221571 2024-09-30 5221571 2023-09-30 5221571 2022-10-01 2023-09-30 5221571 2023-09-30 5221571 2022-09-30 5221571 bus:Director1 2023-10-01 2024-09-30 5221571 bus:Director2 2023-10-01 2024-09-30 5221571 core:NetGoodwill 2024-09-30 5221571 core:IntangibleAssetsOtherThanGoodwill 2024-09-30 5221571 core:PlantMachinery 2024-09-30 5221571 core:FurnitureFittingsToolsEquipment 2024-09-30 5221571 core:ShareCapital 2022-10-01 2023-09-30 5221571 core:CapitalRedemptionReserve 2022-10-01 2023-09-30 5221571 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 5221571 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 5221571 core:WithinOneYear 2024-09-30 5221571 core:WithinOneYear 2023-09-30 5221571 core:AfterOneYear 2024-09-30 5221571 core:AfterOneYear 2023-09-30 5221571 core:ShareCapital 2024-09-30 5221571 core:ShareCapital 2023-09-30 5221571 core:CapitalRedemptionReserve 2024-09-30 5221571 core:CapitalRedemptionReserve 2023-09-30 5221571 core:RetainedEarningsAccumulatedLosses 2024-09-30 5221571 core:RetainedEarningsAccumulatedLosses 2023-09-30 5221571 core:ShareCapital 2022-09-30 5221571 core:CapitalRedemptionReserve 2022-09-30 5221571 core:RetainedEarningsAccumulatedLosses 2022-09-30 5221571 core:PreviouslyStatedAmount core:ShareCapital 2024-09-30 5221571 core:NetGoodwill 2023-09-30 5221571 core:IntangibleAssetsOtherThanGoodwill 2023-09-30 5221571 bus:Director2 2023-09-30 5221571 bus:Director2 2023-09-30 5221571 bus:Director2 2022-10-01 2023-09-30 5221571 bus:SmallEntities 2023-10-01 2024-09-30 5221571 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 5221571 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 5221571 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 5221571 bus:FullAccounts 2023-10-01 2024-09-30
Company registration number: 5221571
H & M Ltd
Unaudited filleted financial statements
30 September 2024
H & M Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
H & M Ltd
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 50 50
_______ _______
50 50
Current assets
Stocks 92,529 80,392
Debtors 7 347,104 398,540
Cash at bank and in hand 545,698 454,414
_______ _______
985,331 933,346
Creditors: amounts falling due
within one year 8 ( 320,409) ( 269,546)
_______ _______
Net current assets 664,922 663,800
_______ _______
Total assets less current liabilities 664,972 663,850
Creditors: amounts falling due
after more than one year 9 ( 4,257) ( 9,368)
_______ _______
Net assets 660,715 654,482
_______ _______
Capital and reserves
Called up share capital 77 77
Capital redemption reserve 98 98
Profit and loss account 660,540 654,307
_______ _______
Shareholders funds 660,715 654,482
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 April 2025 , and are signed on behalf of the board by:
Mrs Helen Herd
Director
Company registration number: 5221571
H & M Ltd
Statement of changes in equity
Year ended 30 September 2024
Called up share capital Capital redemption reserve Profit and loss account Total
£ £ £ £
At 1 October 2022 103 72 805,152 805,327
Profit for the year 263,151 263,151
_______ _______ _______ _______
Total comprehensive income for the year - - 263,151 263,151
Dividends paid and payable ( 192,895) ( 192,895)
Cancellation of subscribed capital ( 26) 26 - -
Redemption of shares - - ( 221,101) ( 221,101)
_______ _______ _______ _______
Total investments by and distributions to owners ( 26) 26 ( 413,996) ( 413,996)
_______ _______ _______ _______
At 30 September 2023 and 1 October 2023 77 98 654,307 654,482
Profit for the year 266,233 266,233
_______ _______ _______ _______
Total comprehensive income for the year - - 266,233 266,233
Dividends paid and payable ( 260,000) ( 260,000)
_______ _______ _______ _______
Total investments by and distributions to owners - - ( 260,000) ( 260,000)
_______ _______ _______ _______
At 30 September 2024 77 98 660,540 660,715
_______ _______ _______ _______
H & M Ltd
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is The Four Columns, Broughton Hall Business Park, Skipton, North Yorkshire, BD23 3AE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current tax 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 equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subseqeunt accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset.
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2023: 21 ).
5. Intangible assets
Goodwill Other intangible assets Total
£ £ £
Cost
At 1 October 2023 and 30 September 2024 500,000 50 500,050
_______ _______ _______
Amortisation
At 1 October 2023 and 30 September 2024 500,000 - 500,000
_______ _______ _______
Carrying amount
At 30 September 2024 - 50 50
_______ _______ _______
At 30 September 2023 - 50 50
_______ _______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 October 2023 and 30 September 2024 4,939 10,000 14,939
_______ _______ _______
Depreciation
At 1 October 2023 and 30 September 2024 4,939 10,000 14,939
_______ _______ _______
Carrying amount
At 30 September 2024 - - -
_______ _______ _______
At 30 September 2023 - - -
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 311,504 316,331
Other debtors 35,600 82,209
_______ _______
347,104 398,540
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 66,874 57,539
Corporation tax 88,744 74,218
Social security and other taxes 134,375 109,962
Other creditors 30,416 27,827
_______ _______
320,409 269,546
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 4,257 9,368
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Thomas Clarke 71,341 - ( 71,341) -
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Thomas Clarke - 71,341 - 71,341
_______ _______ _______ _______