Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-0112falseManufacturing12truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00779611 2023-12-01 2024-11-30 00779611 2022-12-01 2023-11-30 00779611 2024-11-30 00779611 2023-11-30 00779611 c:Director1 2023-12-01 2024-11-30 00779611 d:PlantMachinery 2023-12-01 2024-11-30 00779611 d:FurnitureFittings 2023-12-01 2024-11-30 00779611 d:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 00779611 d:OtherPropertyPlantEquipment 2024-11-30 00779611 d:OtherPropertyPlantEquipment 2023-11-30 00779611 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 00779611 d:CurrentFinancialInstruments 2024-11-30 00779611 d:CurrentFinancialInstruments 2023-11-30 00779611 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 00779611 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 00779611 d:ShareCapital 2024-11-30 00779611 d:ShareCapital 2023-11-30 00779611 d:RetainedEarningsAccumulatedLosses 2024-11-30 00779611 d:RetainedEarningsAccumulatedLosses 2023-11-30 00779611 c:FRS102 2023-12-01 2024-11-30 00779611 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 00779611 c:FullAccounts 2023-12-01 2024-11-30 00779611 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 00779611 2 2023-12-01 2024-11-30 00779611 4 2023-12-01 2024-11-30 00779611 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 00779611









HAMMOND & COMPANY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
HAMMOND & COMPANY LTD
REGISTERED NUMBER: 00779611

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
55,789
64,803

  
55,789
64,803

Current assets
  

Stocks
  
244,837
222,658

Debtors: amounts falling due within one year
 6 
355,005
365,236

Cash at bank and in hand
 7 
60,488
80,861

  
660,330
668,755

Creditors: amounts falling due within one year
 8 
(38,627)
(41,360)

Net current assets
  
 
 
621,703
 
 
627,395

Total assets less current liabilities
  
677,492
692,198

Provisions for liabilities
  

Deferred tax
  
(12,120)
(15,444)

  
 
 
(12,120)
 
 
(15,444)

Net assets
  
665,372
676,754


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
663,372
674,754

  
665,372
676,754


Page 1

 
HAMMOND & COMPANY LTD
REGISTERED NUMBER: 00779611
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D C Hammond
Director

Date: 27 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HAMMOND & COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Hammond & Company Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors have adopted the going concern basis of accounting in preparing the financial statements. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
HAMMOND & COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
HAMMOND & COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20% reducing balance
Fixtures & fittings
-
10% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
HAMMOND & COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).

Page 6

 
HAMMOND & COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 December 2023
1,475,370


Additions
516



At 30 November 2024

1,475,886



Depreciation


At 1 December 2023
1,410,567


Charge for the year on owned assets
9,530



At 30 November 2024

1,420,097



Net book value



At 30 November 2024
55,789



At 30 November 2023
64,803

Page 7

 
HAMMOND & COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
104,250
110,493

Other debtors
189,412
189,506

Prepayments and accrued income
1,441
1,355

Tax recoverable
59,902
63,882

355,005
365,236



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
60,488
80,861

60,488
80,861



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
25,850
26,342

Other taxation and social security
6,852
9,373

Accruals and deferred income
5,925
5,645

38,627
41,360



9.


Related party transactions

In trade creditors due within one year includes an amount due from a company under common control of £nil (2022: £8,040).
In other debtors a balance of £5,250 (2022 £5,250) is due from a company under common control.
In other debtors is a loan to a director of £184,162 (2022: £184,314). 0% interest is charged on this loan and it is repayable on demand.

 
Page 8