2022-06-012023-05-312023-05-31false09577975HWA TELECOMS 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HWA TELECOMS LIMITED

Registered Number
09577975
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

HWA TELECOMS LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

Hugh Anderson

Registered Address

5 Albert Road
Southsea
PO5 2SE

Registered Number

09577975 (England and Wales)
HWA TELECOMS LIMITED
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets311,48715,089
11,48715,089
Current assets
Debtors2,4176,346
Cash at bank and on hand6,1946,329
8,61112,675
Creditors amounts falling due within one year4(15,328)(15,341)
Net current assets (liabilities)(6,717)(2,666)
Total assets less current liabilities4,77012,423
Creditors amounts falling due after one year5(9,499)(12,296)
Net assets(4,729)127
Capital and reserves
Called up share capital11
Profit and loss account(4,730)126
Shareholders' funds(4,729)127
The financial statements were approved and authorised for issue by the Director on 22 February 2024, and are signed on its behalf by:
Hugh Anderson
Director
Registered Company No. 09577975
HWA TELECOMS LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The financial statements have been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have any significant effect on the amounts recognised in the financial statements.
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.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-3
Vehicles25-
Office Equipment-5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 June 2213915,9951,74817,882
Additions--145145
At 31 May 2313915,9951,89318,027
Depreciation and impairment
At 01 June 22851,3331,3752,793
Charge for year463,666353,747
At 31 May 231314,9991,4106,540
Net book value
At 31 May 23810,99648311,487
At 31 May 225414,66237315,089
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables58-
Taxation and social security12,0328,486
Finance lease and HP contracts3,1563,279
Other creditors823,576
Total15,32815,341
5.Creditors: amounts due after one year

2023

2022

££
Other creditors9,49912,296
Total9,49912,296
6.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts9,49912,296
7.Directors advances, credits and guarantees
The director maintains a loan with the company, the balance outstanding to the director was £82 for the period ended 31 May 2023 (2022 £3,576) and shown in other creditors.