IRIS Accounts Production v23.4.0.336 06795850 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067958502023-01-31067958502024-01-31067958502023-02-012024-01-31067958502022-01-31067958502022-02-012023-01-31067958502023-01-3106795850ns15:EnglandWales2023-02-012024-01-3106795850ns14:PoundSterling2023-02-012024-01-3106795850ns10:Director12023-02-012024-01-3106795850ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106795850ns10:SmallEntities2023-02-012024-01-3106795850ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106795850ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106795850ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106795850ns10:FullAccounts2023-02-012024-01-310679585012023-02-012024-01-3106795850ns10:Director22023-02-012024-01-3106795850ns10:RegisteredOffice2023-02-012024-01-3106795850ns5:CurrentFinancialInstruments2024-01-3106795850ns5:CurrentFinancialInstruments2023-01-3106795850ns5:Non-currentFinancialInstruments2024-01-3106795850ns5:Non-currentFinancialInstruments2023-01-3106795850ns5:ShareCapital2024-01-3106795850ns5:ShareCapital2023-01-3106795850ns5:RetainedEarningsAccumulatedLosses2024-01-3106795850ns5:RetainedEarningsAccumulatedLosses2023-01-3106795850ns5:NetGoodwill2023-02-012024-01-3106795850ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3106795850ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-02-012024-01-3106795850ns5:PlantMachinery2023-02-012024-01-3106795850ns5:FurnitureFittings2023-02-012024-01-3106795850ns5:ComputerEquipment2023-02-012024-01-3106795850ns5:NetGoodwill2023-01-3106795850ns5:NetGoodwill2024-01-3106795850ns5:NetGoodwill2023-01-3106795850ns5:LandBuildings2023-01-3106795850ns5:PlantMachinery2023-01-3106795850ns5:FurnitureFittings2023-01-3106795850ns5:ComputerEquipment2023-01-3106795850ns5:LandBuildings2023-02-012024-01-3106795850ns5:LandBuildings2024-01-3106795850ns5:PlantMachinery2024-01-3106795850ns5:FurnitureFittings2024-01-3106795850ns5:ComputerEquipment2024-01-3106795850ns5:LandBuildings2023-01-3106795850ns5:PlantMachinery2023-01-3106795850ns5:FurnitureFittings2023-01-3106795850ns5:ComputerEquipment2023-01-3106795850ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3106795850ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 06795850 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 31 January 2024

for

HSEQ SMART LIMITED

HSEQ SMART LIMITED (REGISTERED NUMBER: 06795850)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HSEQ SMART LIMITED

Company Information
for the year ended 31 January 2024







DIRECTORS: B Green
Mrs H J Green





REGISTERED OFFICE: Office 6, Unit 16
Welbury Way
Aycliffe Business Park
Newton Aycliffe
Co. Durham
DL5 6ZE





REGISTERED NUMBER: 06795850 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

HSEQ SMART LIMITED (REGISTERED NUMBER: 06795850)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,575 44,574
Tangible assets 5 52,483 69,850
Investment property 6 102,452 102,452
194,510 216,876

CURRENT ASSETS
Debtors 7 169,757 68,469
Cash at bank 179,531 153,712
349,288 222,181
CREDITORS
Amounts falling due within one year 8 107,630 82,150
NET CURRENT ASSETS 241,658 140,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,168

356,907

CREDITORS
Amounts falling due after more than one
year

9

(19,361

)

(33,140

)

PROVISIONS FOR LIABILITIES (5,444 ) (5,359 )
NET ASSETS 411,363 318,408

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 410,363 317,408
SHAREHOLDERS' FUNDS 411,363 318,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HSEQ SMART LIMITED (REGISTERED NUMBER: 06795850)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





B Green - Director


HSEQ SMART LIMITED (REGISTERED NUMBER: 06795850)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

HSEQ Smart 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 represents net invoiced sales.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

HSEQ SMART LIMITED (REGISTERED NUMBER: 06795850)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 49,999
AMORTISATION
At 1 February 2023 5,425
Charge for year 4,999
At 31 January 2024 10,424
NET BOOK VALUE
At 31 January 2024 39,575
At 31 January 2023 44,574

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 49,000 35,057 24,460 16,735 125,252
Additions - - - 1,280 1,280
Disposals - (18,162 ) (22,706 ) (14,464 ) (55,332 )
At 31 January 2024 49,000 16,895 1,754 3,551 71,200
DEPRECIATION
At 1 February 2023 8,334 19,104 17,931 10,033 55,402
Charge for year 980 4,705 2,375 2,945 11,005
Eliminated on disposal - (18,162 ) (18,552 ) (10,976 ) (47,690 )
At 31 January 2024 9,314 5,647 1,754 2,002 18,717
NET BOOK VALUE
At 31 January 2024 39,686 11,248 - 1,549 52,483
At 31 January 2023 40,666 15,953 6,529 6,702 69,850

HSEQ SMART LIMITED (REGISTERED NUMBER: 06795850)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 102,452
NET BOOK VALUE
At 31 January 2024 102,452
At 31 January 2023 102,452

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 113,866 65,969
Other debtors 55,891 2,500
169,757 68,469

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,407 9,134
Hire purchase contracts 4,291 3,888
Trade creditors 10,828 1,080
Taxation and social security 83,104 60,307
Other creditors - 7,741
107,630 82,150

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,012 22,500
Hire purchase contracts 6,349 10,640
19,361 33,140