HSB BA Limited 10039801 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Business Analysis Digita Accounts Production Advanced 6.30.9574.0 true 10039801 2022-04-01 2023-03-31 10039801 2023-03-31 10039801 bus:OrdinaryShareClass1 2023-03-31 10039801 core:CurrentFinancialInstruments 2023-03-31 10039801 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10039801 core:FurnitureFittingsToolsEquipment 2023-03-31 10039801 core:MotorVehicles 2023-03-31 10039801 bus:SmallEntities 2022-04-01 2023-03-31 10039801 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10039801 bus:FullAccounts 2022-04-01 2023-03-31 10039801 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10039801 bus:RegisteredOffice 2022-04-01 2023-03-31 10039801 bus:Director1 2022-04-01 2023-03-31 10039801 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10039801 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10039801 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 10039801 core:MotorVehicles 2022-04-01 2023-03-31 10039801 core:OfficeEquipment 2022-04-01 2023-03-31 10039801 countries:England 2022-04-01 2023-03-31 10039801 2022-03-31 10039801 core:FurnitureFittingsToolsEquipment 2022-03-31 10039801 core:MotorVehicles 2022-03-31 10039801 2021-04-01 2022-03-31 10039801 2022-03-31 10039801 bus:OrdinaryShareClass1 2022-03-31 10039801 core:CurrentFinancialInstruments 2022-03-31 10039801 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 10039801 core:FurnitureFittingsToolsEquipment 2022-03-31 10039801 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10039801

HSB BA Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

HSB BA Limited

(Registration number: 10039801)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

123,744

89,924

Current assets

 

Debtors

5

-

32,353

Cash at bank and in hand

 

381,321

96,336

 

381,321

128,689

Creditors: Amounts falling due within one year

6

(203,578)

(14,055)

Net current assets

 

177,743

114,634

Total assets less current liabilities

 

301,487

204,558

Provisions for liabilities

(23,512)

(17,985)

Net assets

 

277,975

186,573

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

277,875

186,473

Shareholders' funds

 

277,975

186,573

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 November 2023
 

.........................................
Harjit Bassi
Director

 

HSB BA Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5 Linnet Hill
Mickleover
Derby
DE3 0SJ

These financial statements were authorised for issue by the director on 10 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

HSB BA Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 1).

 

HSB BA Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

12,242

105,053

117,295

Additions

2,777

61,980

64,757

At 31 March 2023

15,019

167,033

182,052

Depreciation

At 1 April 2022

6,360

21,011

27,371

Charge for the year

1,732

29,205

30,937

At 31 March 2023

8,092

50,216

58,308

Carrying amount

At 31 March 2023

6,927

116,817

123,744

At 31 March 2022

5,882

84,042

89,924

5

Debtors

Current

2023
£

2022
£

Other debtors

-

32,353

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

31,741

13,592

Accruals and deferred income

477

463

Other creditors

171,360

-

203,578

14,055

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100