HMS Independent Limited iXBRL

HMS Independent Limited

Unaudited Financial Statements

for the financial year ended 31 August 2025

HMS Independent Limited

Company Registration Number: 14271933

STATEMENT OF FINANCIAL POSITION

as at 31 August 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

11,441

15,014

─────────

Current Assets

Inventories

18,000

4,000

Receivables

40,900

45,265

Cash and cash equivalents

3,976

─────────

62,876

49,265

─────────

Payables: amounts falling due within one year

(57,166)

(39,707)

─────────

Net Current Assets

5,710

9,558

─────────

Total Assets less Current Liabilities

17,151

24,572

Payables:

amounts falling due after more than one year

(16,552)

(24,119)

─────────

Net Assets

599

453

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

499

353

─────────

Equity attributable to owners of the company

599

453

═════════

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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 30 May 2026



________________________________
Mr Leon Robert George Humes
Director

HMS Independent Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

General Information

HMS Independent Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 14271933. The registered office of the company is C/O Bta, Suite B Stable Block, Bradbourne House, East Malling, West Malling, Maidstone, Kent, ME19 6DZ. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax, for motor repairs and maintenance.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% Straight line

Computer equipment

25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories

Inventories are valued at the lower of cost and net realisable value. Inventories are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.


3.	Employees

		2025	2024
		Number	Number

	Average number of persons employed	3	2
		═════════	═════════


4.	Property, plant and equipment
		Plant and	Computer	Total
		machinery	equipment

		£	£	£
	Cost
	At 1 September 2024	24,543	220	24,763
	Additions	217	-	217
		─────────	─────────	─────────
	At 31 August 2025	24,760	220	24,980
		─────────	─────────	─────────
	Depreciation
	At 1 September 2024	9,694	55	9,749
	Charge for the financial year	3,749	41	3,790
		─────────	─────────	─────────
	At 31 August 2025	13,443	96	13,539
		─────────	─────────	─────────
	Net book value
	At 31 August 2025	11,317	124	11,441
		═════════	═════════	═════════
	At 31 August 2024	14,849	165	15,014
		═════════	═════════	═════════


5.	Inventories	2025	2024
		£	£

	Stock	18,000	4,000
		═════════	═════════


6.	Receivables	2025	2024
		£	£

	Trade receivables	28,009	40,508
	Other debtors	12,891	4,757
		─────────	─────────
		40,900	45,265
		═════════	═════════


7.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Bank loan	12,772	15,488
	Trade payables	18,934	9,733
	Taxation	23,960	12,986
	Accruals	1,500	1,500
		─────────	─────────
		57,166	39,707
		═════════	═════════


8.	Payables	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	16,552	24,119
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	12,772	15,488
	Repayable between one and two years	16,552	24,119
		─────────	─────────
		29,324	39,607
		═════════	═════════