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REGISTERED NUMBER: 02267935 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Hyslam Limited

Hyslam Limited (Registered number: 02267935)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hyslam Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: D J L Bourne





SECRETARY: Mrs H I Bourne





REGISTERED OFFICE: International House
Colonnade Point, Central Boulevard
Prologis Park
Coventry
CV6 4BU





REGISTERED NUMBER: 02267935 (England and Wales)





ACCOUNTANTS: Julia Biddle FCCA
J S Biddle Accounting Ltd
Greystone Cottage
Church Bank
Temple Grafton
Warwickshire
B49 6NU

Hyslam Limited (Registered number: 02267935)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 170,540 81,145
Investment property 5 670,000 760,000
840,540 841,145

CURRENT ASSETS
Debtors 6 187,891 130,861
Cash at bank 2,342,835 1,791,842
2,530,726 1,922,703
CREDITORS
Amounts falling due within one year 7 1,502,709 1,153,440
NET CURRENT ASSETS 1,028,017 769,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,868,557

1,610,408

PROVISIONS FOR LIABILITIES 85,392 84,898
NET ASSETS 1,783,165 1,525,510

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 200,725 290,725
Retained earnings 1,582,340 1,234,685
1,783,165 1,525,510

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hyslam Limited (Registered number: 02267935)

Balance Sheet - continued
31 August 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 director and authorised for issue on 5 November 2024 and were signed by:





D J L Bourne - Director


Hyslam Limited (Registered number: 02267935)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Hyslam 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 as modified by the revaluation of certain assets.

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 - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hyslam Limited (Registered number: 02267935)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 17,247 165,865 142,995 326,107
Additions - 6,271 108,742 115,013
At 31 August 2024 17,247 172,136 251,737 441,120
DEPRECIATION
At 1 September 2023 16,798 157,466 70,698 244,962
Charge for year 98 2,453 23,067 25,618
At 31 August 2024 16,896 159,919 93,765 270,580
NET BOOK VALUE
At 31 August 2024 351 12,217 157,972 170,540
At 31 August 2023 449 8,399 72,297 81,145

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 760,000
Revaluations (90,000 )
At 31 August 2024 670,000
NET BOOK VALUE
At 31 August 2024 670,000
At 31 August 2023 760,000

Hyslam Limited (Registered number: 02267935)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 18,350
Valuation in 2023 275,861
Valuation in 2024 (90,000 )
Cost 465,789
670,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 465,789 465,789

Investment property was valued on an open market basis on 31 August 2024 by the Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 49,382 15,729
Other debtors 138,509 115,132
187,891 130,861

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 482,346 601,190
Amounts owed to group undertakings 482,456 398,784
Taxation and social security 91,406 39,240
Other creditors 446,501 114,226
1,502,709 1,153,440

8. RESERVES
Fair
value
reserve
£   
At 1 September 2023 290,725
Transfer to fair value reserve (90,000 )

At 31 August 2024 200,725

Hyslam Limited (Registered number: 02267935)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Exhibition & Industrial ServicesGroup Limited.

The ultimate controlling party is D J L Bourne.