Hygienic Wall Systems Limited 03039243 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is supply of hygienic wall coatings Digita Accounts Production Advanced 6.30.9574.0 true true 03039243 2023-04-01 2024-03-31 03039243 2024-03-31 03039243 core:CurrentFinancialInstruments 2024-03-31 03039243 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03039243 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 03039243 core:PlantMachinery 2024-03-31 03039243 bus:SmallEntities 2023-04-01 2024-03-31 03039243 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03039243 bus:FilletedAccounts 2023-04-01 2024-03-31 03039243 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03039243 bus:RegisteredOffice 2023-04-01 2024-03-31 03039243 bus:Director2 2023-04-01 2024-03-31 03039243 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03039243 core:LandBuildings 2023-04-01 2024-03-31 03039243 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03039243 core:PlantMachinery 2023-04-01 2024-03-31 03039243 countries:EnglandWales 2023-04-01 2024-03-31 03039243 2023-03-31 03039243 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 03039243 core:PlantMachinery 2023-03-31 03039243 2022-04-01 2023-03-31 03039243 2023-03-31 03039243 core:CurrentFinancialInstruments 2023-03-31 03039243 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03039243 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 03039243 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 03039243

Hygienic Wall Systems Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Hygienic Wall Systems Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Hygienic Wall Systems Limited

Company Information

Director

WB Little

Registered office

4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

Accountants

Addicus
Chartered Accountants
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

Hygienic Wall Systems Limited

(Registration number: 03039243)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

243,115

255,855

Current assets

 

Stocks

5

14,900

8,500

Debtors

6

59,477

87,025

Cash at bank and in hand

 

55,026

59,717

 

129,403

155,242

Creditors: Amounts falling due within one year

7

(83,341)

(109,162)

Net current assets

 

46,062

46,080

Total assets less current liabilities

 

289,177

301,935

Provisions for liabilities

(5,088)

(6,530)

Net assets

 

284,089

295,405

Capital and reserves

 

Called up share capital

100

100

Retained earnings

283,989

295,305

Shareholders' funds

 

284,089

295,405

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Hygienic Wall Systems Limited

(Registration number: 03039243)
Balance Sheet as at 31 March 2024

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 August 2024
 

WB Little
Director

   
     
 

Hygienic Wall Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE
England

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Hygienic Wall Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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

Freehold property

2% straight line

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Hygienic Wall Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 4).

 

Hygienic Wall Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

257,544

74,636

332,180

Revaluations

-

(18,975)

(18,975)

Additions

-

1,332

1,332

At 31 March 2024

257,544

56,993

314,537

Depreciation

At 1 April 2023

36,057

40,268

76,325

Charge for the year

5,151

8,921

14,072

Eliminated on disposal

-

(18,975)

(18,975)

At 31 March 2024

41,208

30,214

71,422

Carrying amount

At 31 March 2024

216,336

26,779

243,115

At 31 March 2023

221,487

34,368

255,855

Included within the net book value of land and buildings above is £216,336 (2023 - £221,487) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

14,900

8,500

 

Hygienic Wall Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

2024
£

2023
£

Trade debtors

5,015

73,205

Other debtors

8,263

11,559

Prepayments

1,957

2,261

Accrued income

44,242

-

59,477

87,025

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

11,967

792

Taxation and social security

1,913

23,396

Accruals and deferred income

1,500

1,600

Other creditors

67,961

83,374

83,341

109,162

8

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

32,480

30,960