H & H Freestyle (UK) Ltd 11718282 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Electrical Installation Digita Accounts Production Advanced 6.30.9574.0 true 11718282 2022-11-01 2023-10-31 11718282 2023-10-31 11718282 core:RetainedEarningsAccumulatedLosses 2023-10-31 11718282 core:ShareCapital 2023-10-31 11718282 core:CurrentFinancialInstruments 2023-10-31 11718282 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11718282 core:FurnitureFittings 2023-10-31 11718282 core:OtherPropertyPlantEquipment 2023-10-31 11718282 bus:SmallEntities 2022-11-01 2023-10-31 11718282 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11718282 bus:FullAccounts 2022-11-01 2023-10-31 11718282 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11718282 bus:RegisteredOffice 2022-11-01 2023-10-31 11718282 bus:Director1 2022-11-01 2023-10-31 11718282 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-11-01 2023-10-31 11718282 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11718282 bus:Agent1 2022-11-01 2023-10-31 11718282 core:ComputerEquipment 2022-11-01 2023-10-31 11718282 core:FurnitureFittings 2022-11-01 2023-10-31 11718282 core:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 11718282 core:ToolsEquipment 2022-11-01 2023-10-31 11718282 countries:England 2022-11-01 2023-10-31 11718282 2022-10-31 11718282 core:FurnitureFittings 2022-10-31 11718282 core:OtherPropertyPlantEquipment 2022-10-31 11718282 2021-11-01 2022-10-31 11718282 2022-10-31 11718282 core:RetainedEarningsAccumulatedLosses 2022-10-31 11718282 core:ShareCapital 2022-10-31 11718282 core:CurrentFinancialInstruments 2022-10-31 11718282 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 11718282 core:FurnitureFittings 2022-10-31 11718282 core:OtherPropertyPlantEquipment 2022-10-31 11718282 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 11718282

H & H Freestyle (UK) Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2023

 

H & H Freestyle (UK) Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account and Statement of Retained Earnings

4

Balance Sheet

5

Notes to the Unaudited Financial Statements

6 to 10

 

H & H Freestyle (UK) Ltd

Company Information

Director

Mr Mark Adrian Harris

Registered office

52 Everest Road
Rugby
CV22 6EX

Accountants

Alextra Group Limited
Association of Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

H & H Freestyle (UK) Ltd

Director's Report for the Year Ended 31 October 2023

The director presents his report and the financial statements for the year ended 31 October 2023.

Director of the company

The director who held office during the year was as follows:

Mr Mark Adrian Harris

Principal activity

The principal activity of the company is Electrical Installation

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 July 2024
 

.........................................
Mr Mark Adrian Harris
Director

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
H & H Freestyle (UK) Ltd
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of H & H Freestyle (UK) Ltd for the year ended 31 October 2023 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of H & H Freestyle (UK) Ltd, as a body, in accordance with the terms of our engagement letter dated 19 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of H & H Freestyle (UK) Ltd and state those matters that we have agreed to state to the Board of Directors of H & H Freestyle (UK) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H & H Freestyle (UK) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that H & H Freestyle (UK) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of H & H Freestyle (UK) Ltd. You consider that H & H Freestyle (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of H & H Freestyle (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Alextra Group Limited
Association of Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

31 July 2024

 

H & H Freestyle (UK) Ltd

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 October 2023

Note

2023
£

2022
£

Turnover

 

157,419

123,187

Cost of sales

 

(114,749)

(78,265)

Gross profit

 

42,670

44,922

Administrative expenses

 

(28,581)

(23,302)

Operating profit

 

14,089

21,620

Profit before tax

4

14,089

21,620

Taxation

 

(3,055)

(4,540)

Profit for the financial year

 

11,034

17,080

Retained earnings brought forward

 

9,185

105

Dividends paid

 

(19,000)

(8,000)

Retained earnings carried forward

 

1,219

9,185

 

H & H Freestyle (UK) Ltd

(Registration number: 11718282)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

4,530

2,992

Current assets

 

Stocks

6

20,908

8,100

Debtors

7

13,000

18,300

Cash at bank and in hand

 

151

208

 

34,059

26,608

Creditors: Amounts falling due within one year

8

(36,495)

(19,748)

Net current (liabilities)/assets

 

(2,436)

6,860

Total assets less current liabilities

 

2,094

9,852

Provisions for liabilities

(865)

(657)

Net assets

 

1,229

9,195

Capital and reserves

 

Called up share capital

10

10

Retained earnings

1,219

9,185

Shareholders' funds

 

1,229

9,195

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 July 2024
 

.........................................
Mr Mark Adrian Harris
Director

 

H & H Freestyle (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
52 Everest Road
Rugby
CV22 6EX
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions 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 where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

H & H Freestyle (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

20% on reducing balance

Other tangible assets

10% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

H & H Freestyle (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

791

390

 

H & H Freestyle (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

Tangible assets

Fixtures and fittings
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 November 2022

1,741

3,289

5,030

Additions

1,689

640

2,329

At 31 October 2023

3,430

3,929

7,359

Depreciation

At 1 November 2022

1,042

996

2,038

Charge for the year

488

303

791

At 31 October 2023

1,530

1,299

2,829

Carrying amount

At 31 October 2023

1,900

2,630

4,530

At 31 October 2022

699

2,293

2,992

6

Stocks

2023
£

2022
£

Work in progress

16,398

4,000

Other inventories

4,510

4,100

20,908

8,100

7

Debtors

Current

2023
£

2022
£

Trade debtors

13,000

18,300

8

Creditors

Creditors: amounts falling due within one year

 

H & H Freestyle (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2023
£

2022
£

Due within one year

Trade creditors

10,958

6,308

Taxation and social security

22,952

9,028

Accruals and deferred income

2,500

4,215

Other creditors

85

197

36,495

19,748

9

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £1,900.00 (2022 - £800.00) per each Ordinary share

 

19,000

 

8,000