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Registered number: 13042416
Hewlett Stores Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Goldstar Accountants Ltd
Chartered Certified Accountants & Registered Auditors
63 London Street
Reading
Berkshire
RG1 4PS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13042416
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,666 9,333
Tangible Assets 5 418,752 376,919
427,418 386,252
CURRENT ASSETS
Stocks 6 115,250 20,150
Debtors 7 81,352 56,252
Cash at bank and in hand 65,463 15,890
262,065 92,292
Creditors: Amounts Falling Due Within One Year 8 (118,423 ) (93,166 )
NET CURRENT ASSETS (LIABILITIES) 143,642 (874 )
TOTAL ASSETS LESS CURRENT LIABILITIES 571,060 385,378
Creditors: Amounts Falling Due After More Than One Year 9 (567,741 ) (482,800 )
NET ASSETS/(LIABILITIES) 3,319 (97,422 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 3,219 (97,522 )
SHAREHOLDERS' FUNDS 3,319 (97,422)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Suman Chandran
Director
08/05/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hewlett Stores Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13042416 . The registered office is 58-60 Hewlett Road, Cheltenham, England, GL52 6AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold -
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% On reducing Basis
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Page 4
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 1)
6 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 10,000
As at 30 November 2023 10,000
Amortisation
As at 1 December 2022 667
Provided during the period 667
As at 30 November 2023 1,334
Net Book Value
As at 30 November 2023 8,666
As at 1 December 2022 9,333
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Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 63,750 340,875 930 - 405,555
Additions 45,235 27,715 223 613 73,786
As at 30 November 2023 108,985 368,590 1,153 613 479,341
Depreciation
As at 1 December 2022 - 28,406 230 - 28,636
Provided during the period - 31,646 184 123 31,953
As at 30 November 2023 - 60,052 414 123 60,589
Net Book Value
As at 30 November 2023 108,985 308,538 739 490 418,752
As at 1 December 2022 63,750 312,469 700 - 376,919
6. Stocks
2023 2022
£ £
Materials 115,250 20,150
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 27,697 9,527
Prepayments and accrued income 45,131 -
Other debtors 3,563 -
VAT 4,961 46,725
81,352 56,252
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 26,626 8,696
Other creditors 87,305 83,650
Taxation and social security 4,492 820
118,423 93,166
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 104,167 150,537
Bank loans 59,269 78,958
Directors loan account 404,305 253,305
567,741 482,800
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 104,167 150,537
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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