Registered Number:09604526 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
HSG Transformation Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
1,906
1,143
2
1,906
1,143
Trade and other receivables |
9,786
8,345
3
31,190
Cash and cash equivalents |
37,274
45,619
40,976
Trade and other payables: amounts falling due within one |
year |
(22,903)
(13,139)
4
18,073
32,480
Net current assets
Total assets less current liabilities |
34,386
19,216
(362)
(217)
Provisions for liabilities |
34,024
Net assets
18,999
100
100
33,924
18,899
34,024
18,999
Shareholders' funds
For the year ended 31 May 2024 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 29 July 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 May 2024
HSG Transformation Ltd
Notes to the Financial Statements
Statutory Information
HSG Transformation Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 09604526. |
5 Croft Road
Yardley
Birmingham
B26 1SG
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
2. Property, plant and equipment |
2,427
1,099
3,526
Provision for depreciation and impairment |
1,284
Charge for year
336
1,620
1,906
1,143
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For the year ended 31 May 2024
HSG Transformation Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables |
2023
2024
8,024
9,450
Taxation and social security |
321
336
9,786
8,345
4. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
11,907
8,428
Accruals and deferred income |
906
690
326
13,785
13,139
22,903
5. Related party transactions |
The ultimate controlling party during the year was Saba Gondal , director , whom controls the company by virtue of |
owning 100% of the share capital. |
6. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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