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Company Registration No. 12986016 (England and Wales)
HS Automotive Ltd Unaudited accounts for the year ended 31 October 2023
HS Automotive Ltd Unaudited accounts Contents
Page
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HS Automotive Ltd Company Information for the year ended 31 October 2023
Director
Mrs Hinna Javed
Company Number
12986016 (England and Wales)
Registered Office
The Elsie Whiteley Innovation Centre C/O Pinnacle, Hopwood Lane Halifax HX1 5ER England
Accountants
Pinnacle Chartered Accountants & Tax Advisors The Elsie Whiteley Innovation Centre Hopwood Lane Halifax HX1 5ER
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HS Automotive Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
32 
63 
Current assets
Inventories
5,103 
8,499 
Cash at bank and in hand
3,651 
25 
8,754 
8,524 
Creditors: amounts falling due within one year
(14,048)
(12,554)
Net current liabilities
(5,294)
(4,030)
Total assets less current liabilities
(5,262)
(3,967)
Provisions for liabilities
Deferred tax
(6)
(12)
Net liabilities
(5,268)
(3,979)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(5,278)
(3,989)
Shareholders' funds
(5,268)
(3,979)
For the year ending 31 October 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 26 July 2024 and were signed on its behalf by
Mrs Hinna Javed Director Company Registration No. 12986016
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HS Automotive Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
HS Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 12986016. The registered office is The Elsie Whiteley Innovation Centre, C/O Pinnacle, Hopwood Lane, Halifax, HX1 5ER, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Computer equipment
25% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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HS Automotive Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
125 
At 31 October 2023
125 
Depreciation
At 1 November 2022
62 
Charge for the year
31 
At 31 October 2023
93 
Net book value
At 31 October 2023
32 
At 31 October 2022
63 
5
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
6 
12 
2023 
2022 
£ 
£ 
Provision at start of year
12 
18 
Credited to the profit and loss account
(6)
(6)
Provision at end of year
6 
12 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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