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REGISTERED NUMBER: 04888270 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

RICHARD HAMMOND LIMITED

RICHARD HAMMOND LIMITED (REGISTERED NUMBER: 04888270)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICHARD HAMMOND LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: R Hammond
Mrs L Hammond





SECRETARY: Mrs L Hammond





REGISTERED OFFICE: Tarshyne
Bond Hays Lane
Hagworthingham
Nr Spilsby
Lincolnshire
PE23 4LH





REGISTERED NUMBER: 04888270 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

RICHARD HAMMOND LIMITED (REGISTERED NUMBER: 04888270)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,195 1,197
1,195 1,197

CURRENT ASSETS
Debtors 6 68,337 44,207
Cash at bank 805 1,310
69,142 45,517
CREDITORS
Amounts falling due within one year 7 48,071 32,956
NET CURRENT ASSETS 21,071 12,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,266

13,758

CREDITORS
Amounts falling due after more than one
year

8

2,700

6,300
NET ASSETS 19,566 7,458

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 19,558 7,450
19,566 7,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RICHARD HAMMOND LIMITED (REGISTERED NUMBER: 04888270)

BALANCE SHEET - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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:





R Hammond - Director


RICHARD HAMMOND LIMITED (REGISTERED NUMBER: 04888270)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Richard Hammond Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. 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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

RICHARD HAMMOND LIMITED (REGISTERED NUMBER: 04888270)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 28,000
AMORTISATION
At 1 October 2023
and 30 September 2024 28,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 10,129
Additions 250
At 30 September 2024 10,379
DEPRECIATION
At 1 October 2023 8,932
Charge for year 252
At 30 September 2024 9,184
NET BOOK VALUE
At 30 September 2024 1,195
At 30 September 2023 1,197

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,478 9,771
Other debtors 56,859 34,436
68,337 44,207

RICHARD HAMMOND LIMITED (REGISTERED NUMBER: 04888270)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,600 3,600
Trade creditors - 248
Tax 10,018 7,882
Social security and other taxes 4,203 4,321
Directors' loan accounts 28,500 13,500
Accruals & deferred income 1,750 3,405
48,071 32,956

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,700 6,300

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors held a joint current account with the company. At the year end debtors included a balance of £27,687 (2023: £19,945). During the year £96,328 was advanced and £88,586 repaid. The account is interest free and repayable under no specific terms.