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Company Registration No. 14870168 (England and Wales)
HMK DISTRIBUTION LIMITED Unaudited accounts for the year ended 31 May 2026
HMK DISTRIBUTION LIMITED Statement of financial position as at 31 May 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
10,045
12,822
Current assets
Inventories
21,490
18,545
Debtors
36,263
37,956
Cash at bank and in hand
35,078
22,715
92,831
79,216
Creditors: amounts falling due within one year
(61,521)
(65,214)
Net current assets
31,310
14,002
Total assets less current liabilities
41,355
26,824
Provisions for liabilities
Deferred tax
5
(1,228)
(1,613)
Net assets
40,127
25,211
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
40,027
25,111
Shareholders' funds
40,127
25,211
For the year ending 31 May 2026 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 9 July 2026 and were signed on its behalf by
Imad Ul Hasan Director Company Registration No. 14870168
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HMK DISTRIBUTION LIMITED Notes to the Accounts for the year ended 31 May 2026
1
Statutory information
HMK DISTRIBUTION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14870168. The registered office is 1 WILLOW AVENUE, BRADFORD, BD2 1LT, ENGLAND.
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
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Going concern
The director has carried out a detailed review of the company's resources and projected income streams. He is confident that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements. Therefore, the company continues to adopt the going concern basis in preparing the financial statements.
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HMK DISTRIBUTION LIMITED Notes to the Accounts for the year ended 31 May 2026
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 June 2025
19,570
At 31 May 2026
19,570
Depreciation
At 1 June 2025
6,748
Charge for the year
2,777
At 31 May 2026
9,525
Net book value
At 31 May 2026
10,045
At 31 May 2025
12,822
5
Deferred taxation
2026
2025
£
£
Accelerated capital allowances
1,228
1,613
2026
2025
£
£
Provision at start of year
1,613
1,060
(Credited)/charged to the profit and loss account
(385)
553
Provision at end of year
1,228
1,613
6
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 5 (2025: 5).
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