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Registration number: 14102250

HNVG Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 12 May 2022 to 31 August 2023

 

HNVG Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

HNVG Ltd

(Registration number: 14102250)
Abridged Balance Sheet as at 31 August 2023

Note

2023
£

Fixed assets

 

Intangible assets

4

2,946,982

Tangible assets

5

653,031

Other financial assets

6

10,000

 

3,610,013

Current assets

 

Stocks

262,274

Debtors

1,164,888

Cash at bank and in hand

 

1,144,440

 

2,571,602

Creditors: Amounts falling due within one year

(5,154,859)

Net current liabilities

 

(2,583,257)

Total assets less current liabilities

 

1,026,756

Creditors: Amounts falling due after more than one year

(16,737)

Provisions for liabilities

(31,806)

Net assets

 

978,213

Capital and reserves

 

Called up share capital

200

Profit and loss account

978,013

Total equity

 

978,213

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

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

The directors acknowledge their 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 and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

HNVG Ltd

(Registration number: 14102250)
Abridged Balance Sheet as at 31 August 2023

Approved and authorised by the Board on 12 February 2024 and signed on its behalf by:
 

Mr G Jennings

Director

Mr S W Potter

Director

Mr S F Glanvill

Director

Mr T Righton

Director

Mrs S M N Cox

Director

Mr S T Baldwyn

Director

 

HNVG Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 12 May 2022 to 31 August 2023

1

General information

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

The address of its registered office is:
White Hills Surgery
Sibford Road
Hook Norton
Banbury
Oxfordshire
OX15 5DG

These financial statements were authorised for issue by the Board on 12 February 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 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 on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Leasehold improvements

Over the term of the lease

Fixtures and fittings

10% Reducing balance

Plant and machinery

15% Reducing balance

Office equipment

33.33% Straight line

Motor vehciles

25% Reducing balance

 

HNVG Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 12 May 2022 to 31 August 2023

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 6.

 

HNVG Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 12 May 2022 to 31 August 2023

4

Intangible assets

Total
£

Cost or valuation

Additions acquired separately

3,102,086

At 31 August 2023

3,102,086

Amortisation

Amortisation charge

155,104

At 31 August 2023

155,104

Carrying amount

At 31 August 2023

2,946,982

5

Tangible assets

Total
£

Cost or valuation

Additions

762,370

At 31 August 2023

762,370

Depreciation

Charge for the period

109,339

At 31 August 2023

109,339

Carrying amount

At 31 August 2023

653,031

6

Other financial assets (current and non-current)

Total
£

Non-current financial assets

Cost or valuation

At 12 May 2022

10,000

At 31 August 2023

10,000

Carrying amount

At 31 August 2023

10,000

 

HNVG Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 12 May 2022 to 31 August 2023

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £432,609.