HAMES ELECTRONICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Hames

REGISTERED OFFICE:

Wilkinson and Partners

Fairfax House

6A Mill Field Road, Cottingley Business

Cottingley, Bingley

West Yorkshire

BD16 1PY

REGISTERED NUMBER:

07670886 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

20,149

3,388

CURRENT ASSETS

Stocks

500

1,000

Debtors

5

48,025

35,880

Cash at bank

131,544

104,960

180,069

141,840

CREDITORS

Amounts falling due within one year

6

40,958

26,430

NET CURRENT ASSETS

139,111

115,410

TOTAL ASSETS LESS CURRENT LIABILITIES

159,260

118,798

PROVISIONS FOR LIABILITIES

7

946

644

NET ASSETS

158,314

118,154

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

158,304

118,144

SHAREHOLDERS' FUNDS

158,314

118,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

D Hames - Director

1.	STATUTORY INFORMATION

Hames Electronics 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

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 the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

9,600

1,125

11,490

1,550

23,765

Additions

-

-

18,499

333

18,832

At 31 March 2025

9,600

1,125

29,989

1,883

42,597

DEPRECIATION

At 1 April 2024

8,639

701

9,488

1,549

20,377

Charge for year

240

64

1,656

111

2,071

At 31 March 2025

8,879

765

11,144

1,660

22,448

NET BOOK VALUE

At 31 March 2025

721

360

18,845

223

20,149

At 31 March 2024

961

424

2,002

1

3,388

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

48,025

35,880

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

160

-

Tax

21,059

14,290

Social security and other taxes

(3,000

)

(1,343

)

VAT

12,411

10,208

Other creditors

33

27

Directors' current accounts

7,445

534

Accrued expenses

2,850

2,714

40,958

26,430

The director's loan account is interest free and repayable on demand.

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

946

644

Deferred

tax

£

Balance at 1 April 2024

644

Accelerated capital allowances

302

Balance at 31 March 2025

946

The deferred tax balance is made up entirely of accelerated capital allowances.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

1.0

10

10

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Hames.