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REGISTERED NUMBER: 09348662 (England and Wales)





























Unaudited Financial Statements for the Year Ended 31 December 2021

for

HQD Preston Limited

HQD Preston Limited (Registered number: 09348662)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HQD Preston Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: S Jackson
G A Jackson



REGISTERED OFFICE: 20 Dollywagon Way
Momentum Business Centre, South Rings
Bamber Bridge
Preston
Lancashire
PR5 6EW



REGISTERED NUMBER: 09348662 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Santander UK plc

HQD Preston Limited (Registered number: 09348662)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 103,997 125,360

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 70,265 28,677
Cash at bank 20,793 8,957
96,058 42,634
CREDITORS
Amounts falling due within one year 6 (40,676 ) (35,178 )
NET CURRENT ASSETS 55,382 7,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,379

132,816

CREDITORS
Amounts falling due after more than one
year

7

(114,167

)

(120,000

)

PROVISIONS FOR LIABILITIES 8 (3,134 ) (7,194 )
NET ASSETS 42,078 5,622

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 41,978 5,522
SHAREHOLDERS' FUNDS 42,078 5,622

HQD Preston Limited (Registered number: 09348662)

Balance Sheet - continued
31 December 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 August 2022 and were signed on its behalf by:





G A Jackson - Director


HQD Preston Limited (Registered number: 09348662)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

HQD Preston 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.

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.
Freehold property - Straight line over 50 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% 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.

HQD Preston Limited (Registered number: 09348662)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2021 88,273 5,232 3,533
Disposals - - -
At 31 December 2021 88,273 5,232 3,533
DEPRECIATION
At 1 January 2021 4,560 3,440 2,745
Charge for year 1,765 448 196
Eliminated on disposal - - -
At 31 December 2021 6,325 3,888 2,941
NET BOOK VALUE
At 31 December 2021 81,948 1,344 592
At 31 December 2020 83,713 1,792 788

HQD Preston Limited (Registered number: 09348662)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2021 75,056 3,954 176,048
Disposals (21,577 ) - (21,577 )
At 31 December 2021 53,479 3,954 154,471
DEPRECIATION
At 1 January 2021 35,989 3,954 50,688
Charge for year 9,364 - 11,773
Eliminated on disposal (11,987 ) - (11,987 )
At 31 December 2021 33,366 3,954 50,474
NET BOOK VALUE
At 31 December 2021 20,113 - 103,997
At 31 December 2020 39,067 - 125,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 58,602 27,456
Other debtors 2,019 436
Tax - 785
VAT 9,644 -
70,265 28,677

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,628 7,605
Tax 15,800 -
Social security and other taxes - 1,834
VAT - 8,058
Directors' current accounts 4,628 5,386
Accrued expenses 1,620 2,295
40,676 35,178

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 2-5 years 34,167 40,000
Directors' loan accounts 80,000 80,000
114,167 120,000

HQD Preston Limited (Registered number: 09348662)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax
Accelerated capital allowances 3,134 7,194

Deferred
tax
£   
Balance at 1 January 2021 7,194
Provided during year (4,060 )
Balance at 31 December 2021 3,134

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100