2023-06-01 09604526 2024-05-31 09604526 2023-06-01 2024-05-31 09604526 2023-05-31 09604526 2022-06-01 2023-05-31 09604526 uk-core:WithinOneYear 2023-05-31 09604526 uk-core:WithinOneYear 2024-05-31 09604526 uk-core:ShareCapital 2024-05-31 09604526 uk-core:ShareCapital 2023-05-31 09604526 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 09604526 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 09604526 uk-bus:Director1 2023-06-01 2024-05-31 09604526 uk-core:OfficeEquipment 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure 09604526 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09604526 uk-bus:FRS102 2023-06-01 2024-05-31 09604526 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 09604526 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
HSG Transformation Ltd
Registered Number:09604526
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
09604526
As at 31 May 2024
HSG Transformation Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,906
1,143
2
1,906
1,143
Current assets
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
Saba Gondal Director
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.
Registered address:
5 Croft Road
Yardley
Birmingham
B26 1SG
The presentation currency is £ sterling.
1. Accounting policies
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:
15% Reducing balance
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
Computer
equipment
£
Cost or
valuation
At 01 June 2023
2,427
1,099
Additions
At 31 May 2024
3,526
Provision for depreciation and impairment
At 01 June 2023
1,284
Charge for year
336
At 31 May 2024
1,620
At 31 May 2024
Net book value
1,906
At 31 May 2023
1,143
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4
For the year ended 31 May 2024
HSG Transformation Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
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
Directors' loan accounts
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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