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REGISTERED NUMBER: 11703657 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

HSN ENGINEERING LIMITED

HSN ENGINEERING LIMITED (REGISTERED NUMBER: 11703657)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HSN ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: H Nagi





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 11703657 (England and Wales)

HSN ENGINEERING LIMITED (REGISTERED NUMBER: 11703657)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,352 23,205

CURRENT ASSETS
Debtors 5 28,000 28,000
Cash at bank and in hand 18,886 19,690
46,886 47,690
CREDITORS
Amounts falling due within one year 6 26,124 19,471
NET CURRENT ASSETS 20,762 28,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,114

51,424

CREDITORS
Amounts falling due after more than one
year

7

18,599

25,345
NET ASSETS 25,515 26,079

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 24,515 25,079
SHAREHOLDERS' FUNDS 25,515 26,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

HSN ENGINEERING LIMITED (REGISTERED NUMBER: 11703657)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 22 October 2024 and were signed by:





H Nagi - Director


HSN ENGINEERING LIMITED (REGISTERED NUMBER: 11703657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

HSN ENGINEERING LIMITED (REGISTERED NUMBER: 11703657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 11,229 1,088 18,325 30,642
Additions 1,580 119 3,000 4,699
At 30 November 2023 12,809 1,207 21,325 35,341
DEPRECIATION
At 1 December 2022 2,584 272 4,581 7,437
Charge for year 1,022 94 3,436 4,552
At 30 November 2023 3,606 366 8,017 11,989
NET BOOK VALUE
At 30 November 2023 9,203 841 13,308 23,352
At 30 November 2022 8,645 816 13,744 23,205

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Other debtors 28,000 28,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 1,911 1,082
Tax 18,472 14,012
Social security and other taxes 1,657 1,224
VAT 3,054 2,087
Directors' current accounts 10 46
Accrued expenses 1,020 1,020
26,124 19,471

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans (see note 8) 10,210 13,708
Hire purchase contracts 8,389 11,637
18,599 25,345

HSN ENGINEERING LIMITED (REGISTERED NUMBER: 11703657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. LOANS

An analysis of the maturity of loans is given below:

30/11/23 30/11/22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 10,210 13,708

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 December 2022 25,079
Profit for the year 16,936
Dividends (17,500 )
At 30 November 2023 24,515

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £17,500 (2022 - £26,850) were paid to the director .