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Company Registration No. 11688859 (England and Wales)
Hurdman Art Frames Ltd Unaudited accounts for the year ended 30 November 2025
Hurdman Art Frames Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Hurdman Art Frames Ltd Company Information for the year ended 30 November 2025
Director
Thomas Hurdman
Company Number
11688859 (England and Wales)
Registered Office
21 Darville Road London N16 7PT
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Hurdman Art Frames Ltd Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
13,566
18,343
Current assets
Inventories
10,183
10,400
Debtors
5
12,257
35,674
Cash at bank and in hand
48,518
27,180
70,958
73,254
Creditors: amounts falling due within one year
6
(34,079)
(37,149)
Net current assets
36,879
36,105
Total assets less current liabilities
50,445
54,448
Provisions for liabilities
Deferred tax
(2,294)
(3,139)
Net assets
48,151
51,309
Capital and reserves
Called up share capital
100
100
Profit and loss account
48,051
51,209
Shareholders' funds
48,151
51,309
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2026 and were signed on its behalf by
Thomas Hurdman Director Company Registration No. 11688859
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Hurdman Art Frames Ltd Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Hurdman Art Frames Ltd is a private company, limited by shares, registered in England and Wales, registration number 11688859. The registered office is 21 Darville Road, London, N16 7PT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years on cost
Motor vehicles
4 years on reducing balance
Computer equipment
3 years on cost
Inventories
Inventories have been valued at the lower of cost and net realisable value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Hurdman Art Frames Ltd Notes to the Accounts for the year ended 30 November 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 December 2024
11,944
38,475
1,227
51,646
At 30 November 2025
11,944
38,475
1,227
51,646
Depreciation
At 1 December 2024
11,635
20,441
1,227
33,303
Charge for the year
268
4,509
-
4,777
At 30 November 2025
11,903
24,950
1,227
38,080
Net book value
At 30 November 2025
41
13,525
-
13,566
At 30 November 2024
309
18,034
-
18,343
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
5,320
7,956
Accrued income and prepayments
3,187
3,148
Other debtors
3,750
24,570
12,257
35,674
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
9,130
9,038
Taxes and social security
14,989
12,803
Other creditors
9,095
14,468
Accruals
865
840
34,079
37,149
7
Operating lease commitments
2025
2024
£
£
At 30 November 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,800
16,800
Later than one year and not later than five years
2,800
2,800
19,600
19,600
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Hurdman Art Frames Ltd Notes to the Accounts for the year ended 30 November 2025
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Thomas Hurdman
Included in other creditors
20,820
11,336
33,564
(1,408)
20,820
11,336
33,564
(1,408)
Interest is charged on the loan at the official rate.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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