2023-02-012024-01-312024-01-31falseSC468330HG COMPUTERS (EU) 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HG COMPUTERS (EU) LTD

Registered Number
SC468330
(Scotland)

Unaudited Financial Statements for the Year ended
31 January 2024

HG COMPUTERS (EU) LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Peter Husar

Registered Address

G/R, 4
Baxter Park Terrace
Dundee
DD4 6NL

Registered Number

SC468330 (Scotland)
HG COMPUTERS (EU) LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-1,030
Tangible assets4-50
-1,080
Current assets
Debtors520792
20792
Creditors amounts falling due within one year6(4,943)(3,465)
Net current assets (liabilities)(4,736)(3,373)
Total assets less current liabilities(4,736)(2,293)
Provisions for liabilities-(9)
Net assets(4,736)(2,302)
Capital and reserves
Called up share capital100100
Profit and loss account(4,836)(2,402)
Shareholders' funds(4,736)(2,302)
The financial statements were approved and authorised for issue by the Director on 12 September 2024, and are signed on its behalf by:
Peter Husar
Director
Registered Company No. SC468330
HG COMPUTERS (EU) LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the director who has confirmed he will not withdraw his directors loan account to the detriment of other creditors and will continue to support the company as required.
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 from the rendering of services.
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.
Intangible assets
Development costs are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Development costs are being amortised evenly over their estimated useful life of three years after production commences.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 February 2310,00410,004
At 31 January 2410,00410,004
Amortisation and impairment
At 01 February 238,9748,974
Charge for year1,0301,030
At 31 January 2410,00410,004
Net book value
At 31 January 24--
At 31 January 231,0301,030
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 February 231,0711,071
At 31 January 241,0711,071
Depreciation and impairment
At 01 February 231,0211,021
Charge for year5050
At 31 January 241,0711,071
Net book value
At 31 January 24--
At 31 January 235050
5.Debtors: amounts due within one year

2024

2023

££
Other debtors20792
Total20792
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables168486
Bank borrowings and overdrafts-3
Other creditors3,8801,851
Accrued liabilities and deferred income8951,125
Total4,9433,465