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Registered number: 00543809
J.L.& D.Hammond (Hammonds) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00543809
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,986 21,063
29,986 21,063
CURRENT ASSETS
Stocks 5 35,339 37,978
Debtors 6 127,326 93,354
Cash at bank and in hand 112,041 185,066
274,706 316,398
Creditors: Amounts Falling Due Within One Year 7 (179,028 ) (206,390 )
NET CURRENT ASSETS (LIABILITIES) 95,678 110,008
TOTAL ASSETS LESS CURRENT LIABILITIES 125,664 131,071
Creditors: Amounts Falling Due After More Than One Year 8 (4,168 ) (14,167 )
NET ASSETS 121,496 116,904
CAPITAL AND RESERVES
Called up share capital 9 8,000 8,000
Profit and Loss Account 113,496 108,904
SHAREHOLDERS' FUNDS 121,496 116,904
Page 1
Page 2
For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs S J Alty
Director
14th July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
J.L.& D.Hammond (Hammonds) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00543809 . The registered office is Saxon House, Duke Street, Chelmsford, Essex, CM1 1HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance method
Motor Vehicles 25% reducing balance method
Computer Equipment 25% reducing balance method
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 18,712 64,471 1,545 84,728
Additions 2,587 15,490 649 18,726
As at 31 March 2025 21,299 79,961 2,194 103,454
Depreciation
As at 1 April 2024 18,422 44,305 938 63,665
Provided during the period 575 8,914 314 9,803
As at 31 March 2025 18,997 53,219 1,252 73,468
Net Book Value
As at 31 March 2025 2,302 26,742 942 29,986
As at 1 April 2024 290 20,166 607 21,063
5. Stocks
2025 2024
£ £
Stock 35,339 37,978
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 85,592 85,005
Amounts owed by group undertakings 37,882 839
Other debtors 3,852 7,510
127,326 93,354
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 134,720 149,924
Bank loans and overdrafts 10,000 10,000
Other creditors 5,197 7,146
Taxation and social security 29,111 39,320
179,028 206,390
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,168 14,167
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Page 5
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
8,000 Ordinary Shares of £ 1.00 each 8,000 8,000
10. Other Commitments
The total amount of financial commitments not included in the balance sheet is £7,200 (2023 - £7,200).
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Simon Alty (4,289 ) 1,778 (180 ) - (2,691 )
The above loan is unsecured, interest free and repayable on demand.
12. Related Party Transactions
At the balance sheet date £37,882 was owed from the parent company J L & D Hammond Holdings Ltd (2024: £839 was owed to J L & D Hammond Holdings Ltd )
13. Controlling Party
The company's controlling party is J L & D Hammond Holdings Ltd by virtue of his ownership of 85% of the issued share capital in the company.
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