2023-04-012024-03-312024-03-31false10830060HAGEN WOLF LIMITED2024-09-3069102iso4217:GBPxbrli:pure108300602023-04-01108300602024-03-31108300602023-04-012024-03-31108300602022-04-01108300602023-03-31108300602022-04-012023-03-3110830060bus:SmallEntities2023-04-012024-03-3110830060bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3110830060bus:FullAccounts2023-04-012024-03-3110830060bus:PrivateLimitedCompanyLtd2023-04-012024-03-3110830060core:WithinOneYear2024-03-3110830060core:AfterOneYear2024-03-3110830060core:WithinOneYear2023-03-3110830060core:AfterOneYear2023-03-3110830060core:ShareCapital2024-03-3110830060core:SharePremium2024-03-3110830060core:RevaluationReserve2024-03-3110830060core:OtherReservesSubtotal2024-03-3110830060core:RetainedEarningsAccumulatedLosses2024-03-3110830060core:ShareCapital2023-03-3110830060core:SharePremium2023-03-3110830060core:RevaluationReserve2023-03-3110830060core:OtherReservesSubtotal2023-03-3110830060core:RetainedEarningsAccumulatedLosses2023-03-3110830060core:LandBuildings2024-03-3110830060core:PlantMachinery2024-03-3110830060core:Vehicles2024-03-3110830060core:FurnitureFittings2024-03-3110830060core:OfficeEquipment2024-03-3110830060core:NetGoodwill2024-03-3110830060core:IntangibleAssetsOtherThanGoodwill2024-03-3110830060core:ListedExchangeTraded2024-03-3110830060core:UnlistedNon-exchangeTraded2024-03-3110830060core:LandBuildings2023-03-3110830060core:PlantMachinery2023-03-3110830060core:Vehicles2023-03-3110830060core:FurnitureFittings2023-03-3110830060core:OfficeEquipment2023-03-3110830060core:NetGoodwill2023-03-3110830060core:IntangibleAssetsOtherThanGoodwill2023-03-3110830060core:ListedExchangeTraded2023-03-3110830060core:UnlistedNon-exchangeTraded2023-03-3110830060core:LandBuildings2023-04-012024-03-3110830060core:PlantMachinery2023-04-012024-03-3110830060core:Vehicles2023-04-012024-03-3110830060core:FurnitureFittings2023-04-012024-03-3110830060core:OfficeEquipment2023-04-012024-03-3110830060core:NetGoodwill2023-04-012024-03-3110830060core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110830060core:ListedExchangeTraded2023-04-012024-03-3110830060core:UnlistedNon-exchangeTraded2023-04-012024-03-3110830060core:MoreThanFiveYears2023-04-012024-03-3110830060core:Non-currentFinancialInstruments2024-03-3110830060core:Non-currentFinancialInstruments2023-03-3110830060dpl:CostSales2023-04-012024-03-3110830060dpl:DistributionCosts2023-04-012024-03-3110830060core:LandBuildings2023-04-012024-03-3110830060core:PlantMachinery2023-04-012024-03-3110830060core:Vehicles2023-04-012024-03-3110830060core:FurnitureFittings2023-04-012024-03-3110830060core:OfficeEquipment2023-04-012024-03-3110830060dpl:AdministrativeExpenses2023-04-012024-03-3110830060core:NetGoodwill2023-04-012024-03-3110830060core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110830060dpl:GroupUndertakings2023-04-012024-03-3110830060dpl:ParticipatingInterests2023-04-012024-03-3110830060dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3110830060core:ListedExchangeTraded2023-04-012024-03-3110830060dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3110830060core:UnlistedNon-exchangeTraded2023-04-012024-03-3110830060dpl:CostSales2022-04-012023-03-3110830060dpl:DistributionCosts2022-04-012023-03-3110830060core:LandBuildings2022-04-012023-03-3110830060core:PlantMachinery2022-04-012023-03-3110830060core:Vehicles2022-04-012023-03-3110830060core:FurnitureFittings2022-04-012023-03-3110830060core:OfficeEquipment2022-04-012023-03-3110830060dpl:AdministrativeExpenses2022-04-012023-03-3110830060core:NetGoodwill2022-04-012023-03-3110830060core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110830060dpl:GroupUndertakings2022-04-012023-03-3110830060dpl:ParticipatingInterests2022-04-012023-03-3110830060dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3110830060core:ListedExchangeTraded2022-04-012023-03-3110830060dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3110830060core:UnlistedNon-exchangeTraded2022-04-012023-03-3110830060core:NetGoodwill2024-03-3110830060core:IntangibleAssetsOtherThanGoodwill2024-03-3110830060core:LandBuildings2024-03-3110830060core:PlantMachinery2024-03-3110830060core:Vehicles2024-03-3110830060core:FurnitureFittings2024-03-3110830060core:OfficeEquipment2024-03-3110830060core:AfterOneYear2024-03-3110830060core:WithinOneYear2024-03-3110830060core:ListedExchangeTraded2024-03-3110830060core:UnlistedNon-exchangeTraded2024-03-3110830060core:ShareCapital2024-03-3110830060core:SharePremium2024-03-3110830060core:RevaluationReserve2024-03-3110830060core:OtherReservesSubtotal2024-03-3110830060core:RetainedEarningsAccumulatedLosses2024-03-3110830060core:NetGoodwill2023-03-3110830060core:IntangibleAssetsOtherThanGoodwill2023-03-3110830060core:LandBuildings2023-03-3110830060core:PlantMachinery2023-03-3110830060core:Vehicles2023-03-3110830060core:FurnitureFittings2023-03-3110830060core:OfficeEquipment2023-03-3110830060core:AfterOneYear2023-03-3110830060core:WithinOneYear2023-03-3110830060core:Liste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HAGEN WOLF LIMITED

Registered Number
10830060
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

HAGEN WOLF LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

PUGH, Matthew Charles
ROBINSON, Richard James

Registered Address

One
Park Row
Leeds
LS1 5AB

Registered Number

10830060 (England and Wales)
HAGEN WOLF LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets39,50811,143
9,50811,143
Current assets
Debtors4325,570306,302
Cash at bank and on hand417,044230,197
742,614536,499
Creditors amounts falling due within one year5(724,906)(233,175)
Net current assets (liabilities)17,708303,324
Total assets less current liabilities27,216314,467
Provisions for liabilities6(2,300)(2,700)
Net assets24,916311,767
Capital and reserves
Called up share capital100100
Profit and loss account24,816311,667
Shareholders' funds24,916311,767
The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2024, and are signed on its behalf by:
PUGH, Matthew Charles
Director
Registered Company No. 10830060
HAGEN WOLF LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 and/or the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings3
Office Equipment2
Finance leases and hire purchase contracts
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year87
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 April 234,64726,16430,811
Additions-7,3047,304
At 31 March 244,64733,46838,115
Depreciation and impairment
At 01 April 2397718,69119,668
Charge for year1,4387,5018,939
At 31 March 242,41526,19228,607
Net book value
At 31 March 242,2327,2769,508
At 31 March 233,6707,47311,143
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables226,516230,675
Other debtors19,65816,134
Prepayments and accrued income79,39659,493
Total325,570306,302
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables21,8108,187
Taxation and social security290,132178,406
Other creditors406,49136,609
Accrued liabilities and deferred income6,4739,973
Total724,906233,175
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The provision for deferred tax is in respect of accelerated capital allowances

2024

2023

££
Net deferred tax liability (asset)2,3002,700
Total2,3002,700
7.Other commitments
At 31 March 2024 the company had future minimum lease payments under non-cancellable operating leases of £536 (2023: £1,250).
8.Related party transactions
At 31 March 2024, the company owed the director £352,221 (2023: £8,287). No interest was charged on this loan and the loan is repayable on demand.