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REGISTERED NUMBER: 07486223 (England and Wales)















HCPS (LINCS) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






HCPS (LINCS) LIMITED (REGISTERED NUMBER: 07486223)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7

Chartered Certified Accountants' Report 8

HCPS (LINCS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: W Hughes





REGISTERED OFFICE: The Old Electrical Workshop
Welby
Grantham
Lincolnshire
NG32 3LT





REGISTERED NUMBER: 07486223 (England and Wales)





ACCOUNTANTS: Philip Atherton Limited
The Old Electrical Workshop
Welby
Grantham
Lincolnshire
NG32 3LT

HCPS (LINCS) LIMITED (REGISTERED NUMBER: 07486223)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 202,564 282,527

CURRENT ASSETS
Stocks 19,700 1,000
Debtors 5 393,909 60,226
Cash at bank 52,741 57,217
466,350 118,443
CREDITORS
Amounts falling due within one year 6 377,293 137,070
NET CURRENT ASSETS/(LIABILITIES) 89,057 (18,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,621

263,900

PROVISIONS FOR LIABILITIES 27,733 29,789
NET ASSETS 263,888 234,111

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 263,786 234,009
SHAREHOLDERS' FUNDS 263,888 234,111

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HCPS (LINCS) LIMITED (REGISTERED NUMBER: 07486223)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 21 February 2024 and were signed by:





W Hughes - Director


HCPS (LINCS) LIMITED (REGISTERED NUMBER: 07486223)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

HCPS (Lincs) 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.
Freehold property - at varying rates on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.

HCPS (LINCS) LIMITED (REGISTERED NUMBER: 07486223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2022 44,994 213,523 6,544
Additions - 45,732 -
Disposals - (18,338 ) -
At 31 May 2023 44,994 240,917 6,544
DEPRECIATION
At 1 June 2022 4,874 64,605 4,369
Charge for year 4,500 34,318 326
Eliminated on disposal - (3,912 ) -
At 31 May 2023 9,374 95,011 4,695
NET BOOK VALUE
At 31 May 2023 35,620 145,906 1,849
At 31 May 2022 40,120 148,918 2,175

HCPS (LINCS) LIMITED (REGISTERED NUMBER: 07486223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 158,092 17,609 440,762
Additions - 1,028 46,760
Disposals (90,345 ) (13,579 ) (122,262 )
At 31 May 2023 67,747 5,058 365,260
DEPRECIATION
At 1 June 2022 69,058 15,330 158,236
Charge for year 5,786 1,477 46,407
Eliminated on disposal (24,456 ) (13,579 ) (41,947 )
At 31 May 2023 50,388 3,228 162,696
NET BOOK VALUE
At 31 May 2023 17,359 1,830 202,564
At 31 May 2022 89,034 2,279 282,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 152,388 6,843
Other debtors 241,521 53,383
393,909 60,226

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 259,204 102,986
Taxation and social security 112,919 27,674
Other creditors 5,170 6,410
377,293 137,070

HCPS (LINCS) LIMITED (REGISTERED NUMBER: 07486223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
W Hughes
Balance outstanding at start of year 32,667 81,391
Amounts advanced 208,368 26,276
Amounts repaid (75,000 ) (75,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 166,035 32,667

The directors loan was repaid after the end of the financial year.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HCPS (LINCS) LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HCPS (Lincs) Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of HCPS (Lincs) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HCPS (Lincs) Limited and state those matters that we have agreed to state to the director of HCPS (Lincs) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that HCPS (Lincs) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HCPS (Lincs) Limited. You consider that HCPS (Lincs) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HCPS (Lincs) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Philip Atherton Limited
The Old Electrical Workshop
Welby
Grantham
Lincolnshire
NG32 3LT


21 February 2024