HSBF LTD

Company Registration Number:
13178044 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

HSBF LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

HSBF LTD

Company Information

for the Period Ended 28 February 2023




Director: GM OMAR FAROQUE
SHAHABUDDIN MOLLA
SHAWKAT OSMAN
Registered office: 628
Hertford Road (Ground Floor)
Enfield
England
EN3 5TD
Company Registration Number: 13178044 (England and Wales)

HSBF LTD

Directors' Report Period Ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Directors

The directors shown below have held office during the whole of the period from 01 March 2022 to 28 February 2023
GM OMAR FAROQUE
SHAHABUDDIN MOLLA
SHAWKAT OSMAN

This report was approved by the board of directors on 24 November 2023
And Signed On Behalf Of The Board By:

Name: GM OMAR FAROQUE
Status: Director

Name: SHAHABUDDIN MOLLA
Status: Director

Name: SHAWKAT OSMAN
Status: Director

HSBF LTD

Profit and Loss Account

for the Period Ended 28 February 2023


Notes

2023
£
13 months to
28 Feb 2022
£
Turnover 155,972 92,077
Cost of sales ( 84,524 ) ( 75,439 )
Gross Profit or (Loss) 71,448 16,638
Administrative Expenses ( 81,949 ) ( 38,103 )
Operating Profit or (Loss) ( 10,501 ) ( 21,465 )
Profit or (Loss) Before Tax ( 10,501 ) ( 21,465 )
Profit or (Loss) for Period ( 10,501 ) ( 21,465 )

The notes form part of these financial statements

HSBF LTD

Balance sheet

As at 28 February 2023


Notes

2023
£
13 months to
28 Feb 2022
£
Fixed assets
Intangible assets: 4 80,000 80,000
Tangible assets: 5 23,080 13,500
Total fixed assets: 103,080 93,500
Current assets
Stocks: 88,787 47,550
Cash at bank and in hand: 24 4,113
Total current assets: 88,811 51,663
Creditors: amounts falling due within one year: 6 ( 223,757 ) ( 166,528 )
Net current assets (liabilities): ( 134,946 ) ( 114,865 )
Total assets less current liabilities: ( 31,866 ) ( 21,365 )
Total net assets (liabilities): ( 31,866 ) ( 21,365 )

The notes form part of these financial statements

HSBF LTD

Balance sheet continued

As at 28 February 2023


Notes

2023
£
13 months to
28 Feb 2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 31,966 ) ( 21,465 )
Shareholders funds: ( 31,866 ) ( 21,365 )

For the year ending 28 February 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 24 November 2023
And Signed On Behalf Of The Board By:

Name: GM OMAR FAROQUE
Status: Director

Name: SHAHABUDDIN MOLLA
Status: Director

Name: SHAWKAT OSMAN
Status: Director

The notes form part of these financial statements

HSBF LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HSBF LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023
    13 months to
    28 Feb 2022
    Average number of employees during the period 6 6

HSBF LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

HSBF LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Intangible assets

Goodwill Total
Cost £ £
At 01 March 2022 80,000 80,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 28 February 2023 80,000 80,000
Amortisation
Amortisation at 01 March 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 28 February 2023 - -
Net book value
Net book value at 28 February 2023 80,000 80,000
Net book value at 28 February 2022 80,000 80,000

HSBF LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 March 2022 15,000 15,000
Additions 12,144 12,144
Disposals - -
Revaluations - -
Transfers - -
At 28 February 2023 27,144 27,144
Depreciation
At 01 March 2022 1,500 1,500
Charge for year 2,564 2,564
On disposals - -
Other adjustments - -
At 28 February 2023 4,064 4,064
Net book value
At 28 February 2023 23,080 23,080
At 28 February 2022 13,500 13,500

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 10% reducing balance.

HSBF LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

6.Creditors: amounts falling due within one year note


2023
£
13 months to
28 Feb 2022
£
Bank loans and overdrafts 5,441
Taxation and social security 3,128 264
Other creditors 215,188 166,264
Total 223,757 166,528