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REGISTERED NUMBER: 04667392 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

HPS MAINTENANCE & RESTORATION LTD

HPS MAINTENANCE & RESTORATION LTD (REGISTERED NUMBER: 04667392)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HPS MAINTENANCE & RESTORATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: Mr P Currah
Mr P Finnigan





SECRETARY: Mrs V Currah





REGISTERED OFFICE: Unit 3 Clayton Court
Bowesfield Crescent
Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3QX





REGISTERED NUMBER: 04667392 (England and Wales)





ACCOUNTANTS: Lyons & Co Ltd
23 Yarm Road
Stockton on Tees
TS18 3NJ

HPS MAINTENANCE & RESTORATION LTD (REGISTERED NUMBER: 04667392)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2024

28/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,440 6,714

CURRENT ASSETS
Stocks 362,000 386,000
Debtors 42,004 227,966
Cash at bank and in hand 91,433 26,795
495,437 640,761
CREDITORS
Amounts falling due within one year 361,465 489,774
NET CURRENT ASSETS 133,972 150,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,412

157,701

CREDITORS
Amounts falling due after more than one
year

13,333

23,333
NET ASSETS 131,079 134,368

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 130,779 134,068
SHAREHOLDERS' FUNDS 131,079 134,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 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.

HPS MAINTENANCE & RESTORATION LTD (REGISTERED NUMBER: 04667392)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 July 2024 and were signed on its behalf by:




Mr P Currah - Director



Mr P Finnigan - Director


HPS MAINTENANCE & RESTORATION LTD (REGISTERED NUMBER: 04667392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

HPS Maintenance & Restoration Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
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.

HPS MAINTENANCE & RESTORATION LTD (REGISTERED NUMBER: 04667392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 14,393
Additions 7,208
At 28 February 2024 21,601
DEPRECIATION
At 1 March 2023 7,679
Charge for year 3,482
At 28 February 2024 11,161
NET BOOK VALUE
At 28 February 2024 10,440
At 28 February 2023 6,714

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28/2/24 28/2/23
£    £   
Within one year 27,591 -
Between one and five years 20,781 -
48,372 -

6. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr P Currah and Mr P Finnigan.