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REGISTERED NUMBER: 00584680 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Soft Hammers Limited

Soft Hammers Limited (Registered number: 00584680)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Soft Hammers Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D J Mathers
Mrs J R O'Connell
J D Stephens
Mrs H M Stephens
R M Stephens
H P M O'Connell
A K Hawkins
S P Mason





REGISTERED OFFICE: Highlands Road
Shirley
Birmingham
B9O 4NJ





REGISTERED NUMBER: 00584680 (England and Wales)





ACCOUNTANTS: Mallett Jones
3 Hagley Court North
The Waterfront
Dudley
West Midlands
DY5 1XF

Soft Hammers Limited (Registered number: 00584680)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 318,242 321,195

CURRENT ASSETS
Stocks 316,561 363,808
Debtors 5 263,339 31,698
Cash at bank 283,745 344,874
863,645 740,380
CREDITORS
Amounts falling due within one year 6 73,724 8,800
NET CURRENT ASSETS 789,921 731,580
TOTAL ASSETS LESS CURRENT LIABILITIES 1,108,163 1,052,775

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 1,500 1,500
Retained earnings 1,106,163 1,050,775
SHAREHOLDERS' FUNDS 1,108,163 1,052,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 30 June 2025 and were signed on its behalf by:




S P Mason - Director



A K Hawkins - Director


Soft Hammers Limited (Registered number: 00584680)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Soft Hammers 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.

Tangible fixed assets
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over the expected useful life, as follows:

Freehold Property - 1% straight line basis
Plant and machinery - 25% reducing balance basis
Property alterations - 20% straight line basis

Stocks
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 stock. Work in progress is reflected in the accounts on a product by product basis by recording the related costs for each stage of production reached.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Soft Hammers Limited (Registered number: 00584680)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 358,238 10,633 72,803 441,674
DEPRECIATION
At 1 January 2024 39,359 10,633 70,487 120,479
Charge for year 2,374 - 579 2,953
At 31 December 2024 41,733 10,633 71,066 123,432
NET BOOK VALUE
At 31 December 2024 316,505 - 1,737 318,242
At 31 December 2023 318,879 - 2,316 321,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 246,679 23,062
Other debtors 16,660 8,636
263,339 31,698

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 42,401 4,769
Taxation and social security 28,854 2,031
Other creditors 2,469 2,000
73,724 8,800