Company registration number: 08812623
Unaudited financial statements
for the year ended 31 December 2024
for
Hemmo & Co Ltd
Pages for filing with the Registrar
Company registration number: 08812623
Hemmo & Co Ltd
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 5,580 7,440
Tangible assets 5 261,038 247,583
266,618 255,023
Current assets
Stocks 475,151 423,269
Debtors 746,958 513,477
Cash at bank and in hand 53,994 109,824
1,276,103 1,046,570
Creditors: amounts falling due within one
year 		(883,126) (706,997)
Net current assets 392,977 339,573
Total assets less current liabilities 659,595 594,596
Creditors: Amounts falling due after more
than one year 		(252,015) (211,154)
NET ASSETS 407,580 383,442
Capital and reserves
Called up share capital 100 100
Profit and loss account 407,480 383,342
TOTAL EQUITY 407,580 383,442
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08812623
Hemmo & Co Ltd
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 26 September 2025 and signed on its behalf by:
Mr B Hemming, Director
26 September 2025
2
Hemmo & Co Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Hemmo & Co Ltd is a private company registered in England and Wales. Its registered number is 08812623. The company is limited by shares. Its registered office is School House, Ruthin Road, Mold, Clwyd, CH7 5SN.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer software - 20% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Long leasehold property - 20% straight line
Plant and machinery etc.:
Plant and machinery - 15% straight line
Fixtures & fittings - 15% straight line
Motor vehicles - 15% straight line
3
Hemmo & Co Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 11 (2023 - 9).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 January 2024 9,300
At 31 December 2024 9,300
4
Hemmo & Co Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Intangible assets - continued
Amortisation
At 1 January 2024 1,860
Charge for year 1,860
At 31 December 2024 3,720
Net book value
At 31 December 2024 5,580
At 31 December 2023 7,440
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 January 2024 82,362 248,094 330,456
Additions - 138,573 138,573
Disposals - (75,983) (75,983)
At 31 December 2024 82,362 310,684 393,046
Depreciation
At 1 January 2024 24,492 58,381 82,873
Charge for year 16,473 44,059 60,532
Eliminated on disposal - (11,397) (11,397)
At 31 December 2024 40,965 91,043 132,008
Net book value
At 31 December 2024 41,397 219,641 261,038
At 31 December 2023 57,870 189,713 247,583
Cost or valuation at 31 December 2024 is represented by:
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Valuation in 2023 - - -
Valuation in 2024 - - -
Cost 82,362 310,684 393,046
82,362 310,684 393,046
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Hemmo & Co Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Tangible fixed assets - continued
If Land and buildings had not been revalued, it would have been included at the following historical cost:
2024 2023
£ £
Cost - -
Accumulated depreciation - -
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023.
2024 2023
£ £
Brian Hemming
Balance outstanding at start of year 460 460
Amounts advanced 27,552 -
Amounts repaid (13,246) -
Balance outstanding at end of year 14,766 460
2024 2023
£ £
Nicola Hemming
Balance outstanding at start of year 20,000 20,000
Balance outstanding at end of year 20,000 20,000
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