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REGISTERED NUMBER: 06905628 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

HLS DEVELOPMENTS LIMITED

HLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06905628)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HLS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr C W Howarth
Mr D J P Logie





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 06905628 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

HLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06905628)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 8,127 9,133

CURRENT ASSETS
Stocks 3,000 2,000
Debtors 5 78,551 86,598
81,551 88,598
CREDITORS
Amounts falling due within one year 6 81,837 86,002
NET CURRENT (LIABILITIES)/ASSETS (286 ) 2,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,841

11,729

CREDITORS
Amounts falling due after more than one year 7 6,547 11,637
NET ASSETS 1,294 92

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 1,292 90
SHAREHOLDERS' FUNDS 1,294 92

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

HLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06905628)

BALANCE SHEET - continued
31ST MARCH 2024


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 4th September 2024 and were signed on its behalf by:




Mr C W Howarth - Director



Mr D J P Logie - Director


HLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06905628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

HLS Developments 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.

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 - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Motor vehicles - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1st April 2023
and 31st March 2024 357 140 16,597 1,102 18,196
DEPRECIATION
At 1st April 2023 357 140 7,464 1,102 9,063
Charge for year - - 1,006 - 1,006
At 31st March 2024 357 140 8,470 1,102 10,069
NET BOOK VALUE
At 31st March 2024 - - 8,127 - 8,127
At 31st March 2023 - - 9,133 - 9,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Directors' current accounts 44,833 50,703
Tax 13,068 15,264
Accrued income 19,693 19,500
Prepayments 957 1,131
78,551 86,598

HLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06905628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts (see note 8) 22,615 17,354
Trade creditors 17,387 22,712
Tax 9,797 7,124
Social security and other taxes 2,741 5,633
VAT 13,412 16,248
Credit cards 13,890 15,411
Accrued expenses 1,995 1,520
81,837 86,002

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans (see note 8) 6,547 11,637

8. LOANS

Included within creditors is a Bounce Back Loan totalling £11,638. This scheme is for businesses that have been negatively affected by the coronavirus pandemic and is 100% guaranteed by the UK Government in the event of a default.

9. RESERVES
Retained
earnings
£

At 1st April 2023 90
Profit for the year 40,202
Dividends (39,000 )
At 31st March 2024 1,292

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
£ £
Mr C W Howarth
Balance outstanding at start of year 25,416 29,792
Amounts advanced 567 624
Amounts repaid (3,500 ) (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,483 25,416

Mr D J P Logie
Balance outstanding at start of year 25,287 29,692
Amounts advanced 564 595
Amounts repaid (3,500 ) (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,351 25,287

HLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06905628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Howarth and Mr D J Logie.