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REGISTERED NUMBER: 08646046 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

HBL Associates Limited

HBL Associates Limited (Registered number: 08646046)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HBL Associates Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A M Ben Ghalbon
L D Massey
A L Smith





REGISTERED OFFICE: Brook House
Weybrook Road
Manchester
M19 2QD





REGISTERED NUMBER: 08646046 (England and Wales)





ACCOUNTANTS: EBA
Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR

HBL Associates Limited (Registered number: 08646046)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 190,955 186,634
190,955 186,634

CURRENT ASSETS
Debtors 6 1,732,533 1,325,410
Cash at bank 260,277 316,962
1,992,810 1,642,372
CREDITORS
Amounts falling due within one year 7 260,125 243,425
NET CURRENT ASSETS 1,732,685 1,398,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,923,640

1,585,581

CREDITORS
Amounts falling due after more than one
year

8

(77,123

)

(116,070

)

PROVISIONS FOR LIABILITIES (45,738 ) (45,388 )
NET ASSETS 1,800,779 1,424,123

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 8 8
Retained earnings 1,800,671 1,424,015
1,800,779 1,424,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HBL Associates Limited (Registered number: 08646046)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





A M Ben Ghalbon - Director


HBL Associates Limited (Registered number: 08646046)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

HBL Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill has been amortised over its useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

HBL Associates Limited (Registered number: 08646046)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 December 2022
and 30 November 2023 90,000
AMORTISATION
At 1 December 2022
and 30 November 2023 90,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

HBL Associates Limited (Registered number: 08646046)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 December 2022 343,337
Additions 50,315
Disposals (9,200 )
At 30 November 2023 384,452
DEPRECIATION
At 1 December 2022 156,703
Charge for year 44,055
Eliminated on disposal (7,261 )
At 30 November 2023 193,497
NET BOOK VALUE
At 30 November 2023 190,955
At 30 November 2022 186,634

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 December 2022 164,576
Additions 45,190
At 30 November 2023 209,766
DEPRECIATION
At 1 December 2022 63,837
Charge for year 31,004
At 30 November 2023 94,841
NET BOOK VALUE
At 30 November 2023 114,925
At 30 November 2022 100,739

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Trade debtors 508,644 507,954
Amounts owed by group undertakings 1,184,054 764,829
Other debtors 39,835 52,627
1,732,533 1,325,410

HBL Associates Limited (Registered number: 08646046)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 66,556 22,623
Trade creditors 57,472 34,820
Taxation and social security 125,342 172,011
Other creditors 755 3,971
260,125 243,425

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£ £
Bank loans 15,833 25,833
Hire purchase contracts 61,290 90,237
77,123 116,070

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£ £
A L Smith
Balance outstanding at start of year - -
Amounts advanced 1,450 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,450 -

A M Ben Ghalbon
Balance outstanding at start of year - -
Amounts advanced 876 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 876 -

L D Massey
Balance outstanding at start of year - -
Amounts advanced 1,474 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,474 -

10. ULTIMATE CONTROLLING PARTY

The issued share capital is held by HBL Investments Limited, a company which is controlled by the directors of HBL Associates Ltd.