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Hexcel Designs Limited

Unaudited Financial Statements

for the Year Ended

31 March 2023






Hexcel Designs Limited (Registered number: 07417802)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hexcel Designs Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S C Brazier
P R C Brazier
Mrs L K Brazier
Mrs R A Williams





REGISTERED OFFICE: 4 Western Road
Chandlers Ford
Eastleigh
Hampshire
SO53 5DA





REGISTERED NUMBER: 07417802 (England and Wales)





ACCOUNTANTS: David Tilsley Limited
91 Lakewood Road
Chandlers Ford
Eastleigh
Hampshire
SO53 5AD

Hexcel Designs Limited (Registered number: 07417802)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,601 4,543
Investments 5 - 102
3,601 4,645

CURRENT ASSETS
Stocks 1,573 -
Debtors 6 - 20,244
Cash at bank 8,900 3,994
10,473 24,238
CREDITORS
Amounts falling due within one year 7 205,663 191,775
NET CURRENT LIABILITIES (195,190 ) (167,537 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(191,589

)

(162,892

)

PROVISIONS FOR LIABILITIES 464 618
NET LIABILITIES (192,053 ) (163,510 )

CAPITAL AND RESERVES
Called up share capital 11 11
Share premium 314,999 314,999
Retained earnings (507,063 ) (478,520 )
SHAREHOLDERS' FUNDS (192,053 ) (163,510 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Hexcel Designs Limited (Registered number: 07417802)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





S C Brazier - Director


Hexcel Designs Limited (Registered number: 07417802)

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

1. STATUTORY INFORMATION

Hexcel Designs 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.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 33% on cost and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Hexcel Designs Limited (Registered number: 07417802)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 4,103 23,250 27,353
Disposals - (6,560 ) (6,560 )
At 31 March 2023 4,103 16,690 20,793
DEPRECIATION
At 1 April 2022 2,816 19,994 22,810
Charge for year 128 814 942
Eliminated on disposal - (6,560 ) (6,560 )
At 31 March 2023 2,944 14,248 17,192
NET BOOK VALUE
At 31 March 2023 1,159 2,442 3,601
At 31 March 2022 1,287 3,256 4,543

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 102
Disposals (102 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 102

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings - 20,057
Other debtors - 187
- 20,244

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 51 54
Taxation and social security 373 (24 )
Other creditors 205,239 191,745
205,663 191,775