HG925 LTD

Company Registration Number:
08715993 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

HG925 LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

HG925 LTD

Company Information

for the Period Ended 31 October 2023




Director: Les Martinez-McCune
Registered office: Blackmore Farm
Broadway
Bourn
Cambridge
England
CB23 2TA
Company Registration Number: 08715993 (England and Wales)

HG925 LTD

Directors' Report Period Ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal Activities

The company's principal activity during the period was the design, manufacture and supply of jewellery.

Directors

The directors shown below have held office during the whole of the period from 01 November 2022 to 31 October 2023
Les Martinez-McCune

This report was approved by the board of directors on 27 July 2024
And Signed On Behalf Of The Board By:

Name: Les Martinez-McCune
Status: Director

HG925 LTD

Profit and Loss Account

for the Period Ended 31 October 2023


Notes

2023
£

2022
£
Turnover 155,534 185,346
Cost of sales ( 28,201 ) ( 53,233 )
Gross Profit or (Loss) 127,333 132,113
Distribution Costs ( 6,916 ) ( 8,434 )
Administrative Expenses ( 99,666 ) ( 105,825 )
Operating Profit or (Loss) 20,751 17,854
Interest Receivable and Similar Income 53 21
Interest Payable and Similar Charges ( 14 ) ( 32 )
Profit or (Loss) Before Tax 20,790 17,843
Tax on Profit ( 4,232 ) ( 3,848 )
Profit or (Loss) for Period 16,558 13,995

The notes form part of these financial statements

HG925 LTD

Balance sheet

As at 31 October 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 5,638 7,085
Total fixed assets: 5,638 7,085
Current assets
Stocks: 9,454 19,899
Debtors: 5 2,136 7,550
Cash at bank and in hand: 8,113 10,881
Total current assets: 19,703 38,330
Creditors: amounts falling due within one year: 6 ( 19,194 ) ( 13,827 )
Net current assets (liabilities): 509 24,503
Total assets less current liabilities: 6,147 31,588
Total net assets (liabilities): 6,147 31,588

The notes form part of these financial statements

HG925 LTD

Balance sheet continued

As at 31 October 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 6,047 31,488
Shareholders funds: 6,147 31,588

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.

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

This report was approved by the board of directors on 27 July 2024
And Signed On Behalf Of The Board By:

Name: Les Martinez-McCune
Status: Director

The notes form part of these financial statements

HG925 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Turnover comprises revenue recognised by the company in respect of the design, manufacture and supply of jewellery during the year, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of assets, less their estimated residual value, over their expected useful lives on the following basis:
    Plant & machinery - 20% straight line
    Office equipment - 20% straight line
    Vehicles - 20% straight line

HG925 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 4 4

HG925 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

HG925 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible assets

Plant & machinery Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 November 2022 24,675 8,423 24,000 57,098
Additions 2,059 0 0 2,059
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 October 2023 26,734 8,423 24,000 59,157
Depreciation
At 01 November 2022 20,782 5,231 24,000 50,013
Charge for year 2,324 1,182 - 3,506
On disposals - - - -
Other adjustments - - - -
At 31 October 2023 23,106 6,413 24,000 53,519
Net book value
At 31 October 2023 3,628 2,010 0 5,638
At 31 October 2022 3,893 3,192 0 7,085

HG925 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors


2023
£

2022
£
Trade debtors 1,964 7,243
Prepayments and accrued income 172 307
Total 2,136 7,550

HG925 LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 1,228 1,739
Taxation and social security 6,485 6,527
Other creditors 11,481 5,561
Total 19,194 13,827