Registered number
10594002
HGP SERVICES LTD
Filleted Accounts
28 February 2023
HGP SERVICES LTD
Registered number: 10594002
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 47,930 58,451
Investments 4 1,050 1,050
48,980 59,501
Current assets
Cash at bank and in hand 52,879 88,792
Creditors: amounts falling due within one year 5 (91,970) (120,059)
Net current liabilities (39,091) (31,267)
Net assets 9,889 28,234
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,789 28,134
Shareholder's funds 9,889 28,234
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Kirk
Director
Approved by the board on 28 November 2023
HGP SERVICES LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 18% reducing balance
Motor Vehicles 18% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 March 2022 30,000 54,740 84,740
At 28 February 2023 30,000 54,740 84,740
Depreciation
At 1 March 2022 16,436 9,853 26,289
Charge for the year 2,441 8,080 10,521
At 28 February 2023 18,877 17,933 36,810
Net book value
At 28 February 2023 11,123 36,807 47,930
At 28 February 2022 13,564 44,887 58,451
4 Investments
Other
investments
£
Cost
At 1 March 2022 1,050
At 28 February 2023 1,050
5 Creditors: amounts falling due within one year 2023 2022
£ £
Director current account 30,736 884
Trade creditors 26,052 29,977
Taxation and social security costs 35,182 87,640
Other creditors - 1,558
91,970 120,059
6 Other information
HGP SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
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