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Company Registration No. 09789046 (England and Wales)
HG/FIT LTD Unaudited accounts for the year ended 30 September 2023
HG/FIT LTD Unaudited accounts Contents
Page
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HG/FIT LTD Company Information for the year ended 30 September 2023
Director
James Saunders
Company Number
09789046 (England and Wales)
Registered Office
BURNSIDE COMMON STREET RAVENSTONE OLNEY MK46 5AR ENGLAND
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HG/FIT LTD Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,590 
36,864 
Current assets
Inventories
144 
144 
Debtors
1,086 
592 
Cash at bank and in hand
15,734 
15,739 
16,964 
16,475 
Creditors: amounts falling due within one year
(120,326)
(131,226)
Net current liabilities
(103,362)
(114,751)
Net liabilities
(77,772)
(77,887)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(77,872)
(77,987)
Shareholders' funds
(77,772)
(77,887)
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2024 and were signed on its behalf by
James Saunders Director Company Registration No. 09789046
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HG/FIT LTD Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
HG/FIT LTD is a private company, limited by shares, registered in England and Wales, registration number 09789046. The registered office is BURNSIDE COMMON STREET, RAVENSTONE, OLNEY, MK46 5AR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
15% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 October 2022
27,507 
48,229 
25,217 
7,903 
4,556 
113,412 
Additions
- 
700 
- 
- 
- 
700 
At 30 September 2023
27,507 
48,929 
25,217 
7,903 
4,556 
114,112 
Depreciation
At 1 October 2022
12,124 
38,864 
15,452 
5,779 
4,329 
76,548 
Charge for the year
2,751 
3,602 
5,043 
490 
88 
11,974 
At 30 September 2023
14,875 
42,466 
20,495 
6,269 
4,417 
88,522 
Net book value
At 30 September 2023
12,632 
6,463 
4,722 
1,634 
139 
25,590 
At 30 September 2022
15,383 
9,365 
9,765 
2,124 
227 
36,864 
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HG/FIT LTD Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
237 
Other debtors
1,086 
355 
1,086 
592 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
18,763 
18,763 
Other creditors
54,047 
54,047 
Loans from directors
45,790 
56,280 
Accruals
1,726 
2,136 
120,326 
131,226 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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