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HSHF LTD

Registered Number
SC668868
(Scotland)

Unaudited Financial Statements for the Year ended
31 July 2023

HSHF LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

Scott Galloway
Shona Galloway

Registered Address

86 High Street
Markinch
Glenrothes
KY7 6DQ

Registered Number

SC668868 (Scotland)
HSHF LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets53,2504,550
Tangible assets64,1105,253
7,3609,803
Current assets
Debtors810,48618,936
Cash at bank and on hand7,4677,022
17,95325,958
Creditors amounts falling due within one year9(24,340)(34,365)
Net current assets (liabilities)(6,387)(8,407)
Total assets less current liabilities9731,396
Provisions for liabilities(781)(998)
Net assets192398
Capital and reserves
Called up share capital100100
Profit and loss account92298
Shareholders' funds192398
The financial statements were approved and authorised for issue by the Board of Directors on 15 January 2024, and are signed on its behalf by:
Scott Galloway
Director
Registered Company No. SC668868
HSHF LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Office Equipment25
Intangible assets policy
Intangible assets relate to franchise fees and are being amortised over 5 years.
Deferred tax policy
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 period 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.
Employee benefits policy
The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.
Going concern
The financial statements have been prepared on the going concern basis. The directors find it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the directors, who have confirmed they will continue to support the company as required.
4.Employee information

20232022
Average number of employees during the year32
5.Intangible assets

Other

Total

££
Cost or valuation
At 01 August 226,5006,500
At 31 July 236,5006,500
Amortisation and impairment
At 01 August 221,9501,950
Charge for year1,3001,300
At 31 July 233,2503,250
Net book value
At 31 July 233,2503,250
At 31 July 224,5504,550
6.Property, plant and equipment

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 August 223,5422,5356,077
At 31 July 233,5422,5356,077
Depreciation and impairment
At 01 August 22144680824
Charge for year6794641,143
At 31 July 238231,1441,967
Net book value
At 31 July 232,7191,3914,110
At 31 July 223,3981,8555,253
7.Description of financial commitments other than capital commitments
Minimum lease payments under non-cancellable operating leases fall due as follows: 2023 £7,380 (2022 £8,007).
8.Debtors

2023

2022

££
Trade debtors / trade receivables5,28018,534
Other debtors4,127-
Prepayments and accrued income1,079402
Total10,48618,936
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables4,3614,028
Taxation and social security15,41617,342
Other creditors1199,335
Accrued liabilities and deferred income4,4443,660
Total24,34034,365