HD RESTORATIONS LTD
Report and Accounts
31 August 2024
Registered number
13588097
HD RESTORATIONS LTD
Registered number: 13588097
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,512 12,049
Current assets
Cash at bank and in hand 33,856 40,342
Creditors: amounts falling due within one year 4 (4,419) (7,280)
Net current assets 29,437 33,062
Total assets less current liabilities 38,949 45,111
Creditors: amounts falling due after more than one year 5 (8,000) (6,000)
Net assets 30,949 39,111
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,849 39,011
Shareholders' funds 30,949 39,111
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Simon Hamilton Dornan
Director
Approved by the board on 10 September 2024
HD RESTORATIONS LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 16,065
Additions 634
At 31 August 2024 16,699
Depreciation
At 1 September 2023 4,016
Charge for the year 3,171
At 31 August 2024 7,187
Net book value
At 31 August 2024 9,512
At 31 August 2023 12,049
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 2,020
Accruals 1,000 1,000
Other taxes and social security costs 3,419 2,010
Other creditors - 2,250
4,419 7,280
5 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 8,000 6,000
6 Other information
HD RESTORATIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
27 Horderns Road
Chapel-En-Le-Frith
High Peak
SK23 9TB
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