H&S DIRECT SOLUTIONS LIMITED

Company Registration Number:
08734760 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

H&S DIRECT SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

H&S DIRECT SOLUTIONS LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 34,379 37,886
Total fixed assets: 34,379 37,886
Current assets
Debtors:   292,941 279,799
Cash at bank and in hand: 131,052 87,357
Total current assets: 423,993 367,156
Creditors: amounts falling due within one year:   (144,812) (75,146)
Net current assets (liabilities): 279,181 292,010
Total assets less current liabilities: 313,560 329,896
Provision for liabilities: (6,532) (7,198)
Total net assets (liabilities): 307,028 322,698
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 306,928 322,598
Shareholders funds: 307,028 322,698

The notes form part of these financial statements

H&S DIRECT SOLUTIONS LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 July 2024
and signed on behalf of the board by:

Name: MISS S Y PATEL
Status: Director

The notes form part of these financial statements

H&S DIRECT SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

RevenueRevenue is recognised to the extent that it is probable that the economic benefits will flow to theCompany and the revenue can be reliably measured. Revenue is measured as the fair value of theconsideration received or receivable, excluding discounts, rebates, value added tax and other salestaxes. The following criteria must also be met before revenue is recognised:Sale of goodsRevenue from the sale of goods is recognised when all of the following conditions are satisfied: the Company has transferred the significant risks and rewards of ownership to the buyer; the Company retains neither continuing managerial involvement to the degree usuallyassociated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services areprovided in accordance with the stage of completion of the contract when all of the followingconditions are satisfied: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measuredreliably; and the costs incurred and the costs to complete the contract can be measured reliably

Tangible fixed assets and depreciation policy

Tangible fixed assetsTangible fixed assets under the cost model are stated at historical cost less accumulateddepreciation and any accumulated impairment losses. Historical cost includes expenditure that isdirectly attributable to bringing the asset to the location and condition necessary for it to be capable ofoperating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over theirestimated useful lives, on a reducing balance basis.Depreciation is provided on the following basis:Fixtures and fittings - 15% per annum on a reducing balance basis.The assets' residual values, useful lives and depreciation methods are reviewed, and adjustedprospectively if appropriate, or if there is an indication of a significant change since the last reportingdate.Gains and losses on disposals are determined by comparing the proceeds with the carrying amountand are recognised in profit or loss.

Other accounting policies

Provisions for liabilitiesProvisions are recognised when an event has taken place that gives rise to a legal or constructiveobligation, a transfer of economic benefits is probable and a reliable estimate can be made.Provisions are measured as the best estimate of the amount required to settle the obligation, takinginto account the related risks and uncertainties.Increases in provisions are generally charged as an expense to profit or loss.

H&S DIRECT SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 50 51

H&S DIRECT SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 67,652
Additions 2,560
At 31 October 2023 70,212
Depreciation
At 01 November 2022 29,766
Charge for year 6,067
At 31 October 2023 35,833
Net book value
At 31 October 2023 34,379
At 31 October 2022 37,886