11 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11579699 2024-01-01 2024-12-31 11579699 2024-12-31 11579699 2023-12-31 11579699 2023-01-01 2023-12-31 11579699 2023-12-31 11579699 2022-12-31 11579699 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 11579699 core:MotorVehicles 2024-01-01 2024-12-31 11579699 bus:Director1 2024-01-01 2024-12-31 11579699 core:FurnitureFittingsToolsEquipment 2023-12-31 11579699 core:MotorVehicles 2023-12-31 11579699 core:FurnitureFittingsToolsEquipment 2024-12-31 11579699 core:MotorVehicles 2024-12-31 11579699 core:WithinOneYear 2024-12-31 11579699 core:WithinOneYear 2023-12-31 11579699 core:AfterOneYear 2024-12-31 11579699 core:AfterOneYear 2023-12-31 11579699 core:ShareCapital 2024-12-31 11579699 core:ShareCapital 2023-12-31 11579699 core:RetainedEarningsAccumulatedLosses 2024-12-31 11579699 core:RetainedEarningsAccumulatedLosses 2023-12-31 11579699 core:FurnitureFittingsToolsEquipment 2023-12-31 11579699 core:MotorVehicles 2023-12-31 11579699 bus:SmallEntities 2024-01-01 2024-12-31 11579699 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11579699 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11579699 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11579699 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: 11579699
HRM CONTRACTS LIMITED
Unaudited filleted financial statements
31 December 2024
HRM CONTRACTS LIMITED
Contents
Statement of financial position
Notes to the financial statements
HRM CONTRACTS LIMITED
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 1,853 2,956
_______ _______
1,853 2,956
Current assets
Stock and work in progress 58,755 166,556
Debtors 6 305,162 141,721
Cash at bank and in hand 2,929 543
_______ _______
366,846 308,820
Creditors: amounts falling due
within one year 7 ( 236,540) ( 221,990)
_______ _______
Net current assets 130,306 86,830
_______ _______
Total assets less current liabilities 132,159 89,786
Creditors: amounts falling due
after more than one year 8 ( 24,425) ( 29,432)
_______ _______
Net assets 107,734 60,354
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 107,732 60,352
_______ _______
Shareholder funds 107,734 60,354
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges 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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:
Mr C M Howard
Director
Company registration number: 11579699
HRM CONTRACTS LIMITED
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Field 1, Searches Farm, Searches Lane, Bedmond, Abbots Langley, WD5 0SB.
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent 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 as follows:
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 25 % straight line
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.
Stock and work in progress
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.
To calculate work in progress the entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 9 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2024 and 31 December 2024 1,414 3,000 4,414
_______ _______ _______
Depreciation
At 1 January 2024 707 750 1,457
Charge for the year 354 750 1,104
_______ _______ _______
At 31 December 2024 1,061 1,500 2,561
_______ _______ _______
Carrying amount
At 31 December 2024 353 1,500 1,853
_______ _______ _______
At 31 December 2023 707 2,250 2,957
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 282,567 141,305
Other debtors 22,595 416
_______ _______
305,162 141,721
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 5,000 20,535
Trade creditors 53,712 31,581
Corporation tax 42,282 24,729
Social security and other taxes 121,359 110,395
Other creditors 14,187 34,750
_______ _______
236,540 221,990
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 24,425 29,432
_______ _______
9. Controlling party
As at 31 December 2024 the company was controlled by its director at that date, Mr C M Howard , by virtue of his shareholding.