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Company Registration No. 4959879 (England and Wales)
H S B E LTD Annual report and unaudited accounts for the year ended 30 November 2023
H S B E LTD Annual report and unaudited accounts Contents
Page
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H S B E LTD Company Information for the year ended 30 November 2023
Directors
Ross Kemp-Harper David Smith
Company Number
4959879 (England and Wales)
Registered Office
Unit 110 Lakes Innovation Centre Lakes Road Braintree Essex CM7 3AN
Accountants
Keywhites Limited 26 Grisedale Gardens Purley Surrey CR8 1EN
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H S B E LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,678 
8,903 
Current assets
Inventories
1,684,035 
1,501,061 
Debtors
375,293 
382,332 
Cash at bank and in hand
13,553 
5,848 
2,072,881 
1,889,241 
Creditors: amounts falling due within one year
(1,482,524)
(1,374,346)
Net current assets
590,357 
514,895 
Total assets less current liabilities
597,035 
523,798 
Creditors: amounts falling due after more than one year
(177,008)
(234,416)
Provisions for liabilities
Deferred tax
(1,670)
(1,692)
Net assets
418,357 
287,690 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
417,357 
286,690 
Shareholders' funds
418,357 
287,690 
For the year ending 30 November 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 17 August 2024 and were signed on its behalf by
Ross Kemp-Harper Director Company Registration No. 4959879
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H S B E LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
H S B E LTD is a private company, limited by shares, registered in England and Wales, registration number 4959879. The registered office is Unit 110 Lakes Innovation Centre, Lakes Road, Braintree, Essex, CM7 3AN.
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, rebates, value added tax and other sales taxes. 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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H S B E LTD Notes to the Accounts for the year ended 30 November 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
18,929 
6,615 
25,544 
At 30 November 2023
18,929 
6,615 
25,544 
Depreciation
At 1 December 2022
13,747 
2,894 
16,641 
Charge for the year
1,295 
930 
2,225 
At 30 November 2023
15,042 
3,824 
18,866 
Net book value
At 30 November 2023
3,887 
2,791 
6,678 
At 30 November 2022
5,182 
3,721 
8,903 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
1,684,035 
1,501,061 
1,684,035 
1,501,061 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
97,814 
107,681 
Other debtors
277,479 
274,651 
375,293 
382,332 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
75,904 
75,401 
Trade creditors
992,503 
976,948 
Taxes and social security
72,435 
22,877 
Other creditors
341,682 
299,120 
1,482,524 
1,374,346 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
177,008 
234,416 
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H S B E LTD Notes to the Accounts for the year ended 30 November 2023
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
1,670 
1,692 
2023 
2022 
£ 
£ 
Provision at start of year
1,692 
1,494 
(Credited)/charged to the profit and loss account
(22)
198 
Provision at end of year
1,670 
1,692 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
11
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 November 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
20,679 
8,280 
Later than one year and not later than five years
15,794 
11,653 
36,473 
19,933 
12
Average number of employees
During the year the average number of employees was 13 (2022: 14).
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