Company Registration Number
06145312
HSD Independent Financial Advisors Ltd
Filleted Accounts
31 March 2024
HSD Independent Financial Advisors Ltd
Registered number: 06145312
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 46,605 44,598
Creditors: amounts falling due within one year 5 (38,097) (30,479)
Net current assets 8,508 14,119
Total assets less current liabilities 8,508 14,119
Creditors: amounts falling due after more than one year 6 (8,472) (14,117)
Net assets 36 2
Capital and reserves
Called up share capital 1 1
Profit and loss account 35 1
Shareholder's funds 36 2
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Hitesh S Dholakia
Director
Approved by the board on 11 November 2024
HSD Independent Financial Advisors Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% per annum straight line basis
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 3,042
At 31 March 2024 3,042
Depreciation
At 1 April 2023 3,042
At 31 March 2024 3,042
Net book value
At 31 March 2024 -
4 Debtors 2024 2023
£ £
Other debtors 46,605 44,598
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 71 6,667
Taxation and social security costs 35,179 22,612
Other creditors 2,847 1,200
38,097 30,479
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,472 14,117
7 Other information
HSD Independent Financial Advisors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
142B Suite 3
Hermon Hill
London
E18 1QE
HSD Independent Financial Advisors Ltd 06145312 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Mr Hitesh S Dholakia No description of principal activity 06145312 2022-04-01 2023-03-31 06145312 core:WithinOneYear 2023-03-31 06145312 core:AfterOneYear 2023-03-31 06145312 core:ShareCapital 2023-03-31 06145312 core:RetainedEarningsAccumulatedLosses 2023-03-31 06145312 2023-04-01 2024-03-31 06145312 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06145312 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06145312 bus:Director40 2023-04-01 2024-03-31 06145312 1 2023-04-01 2024-03-31 06145312 countries:England 2023-04-01 2024-03-31 06145312 bus:FRS102 2023-04-01 2024-03-31 06145312 bus:FilletedAccounts 2023-04-01 2024-03-31 06145312 2024-03-31 06145312 core:WithinOneYear 2024-03-31 06145312 core:AfterOneYear 2024-03-31 06145312 core:ShareCapital 2024-03-31 06145312 core:RetainedEarningsAccumulatedLosses 2024-03-31 06145312 core:PlantMachinery 2024-03-31 06145312 2023-03-31 06145312 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure