Registered number
12541508
HV Substation Software & Technical Services Ltd
Filleted Accounts
31 March 2024
HV Substation Software & Technical Services Ltd
Registered number: 12541508
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 151,106 150,378
Current assets
Debtors 4 - 175
Cash at bank and in hand 182,192 48,732
182,192 48,907
Creditors: amounts falling due within one year 5 (125,295) (70,386)
Net current assets/(liabilities) 56,897 (21,479)
Total assets less current liabilities 208,003 128,899
Creditors: amounts falling due after more than one year 6 - (1,178)
Net assets 208,003 127,721
Capital and reserves
Called up share capital 1 1
Profit and loss account 208,002 127,720
Shareholder's funds 208,003 127,721
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.
Jonathan Risbey
Director
Approved by the board on 7 January 2025
HV Substation Software & Technical Services 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Motor vehicles 20% reducing balance
Plant and machinery 20% reducing balance
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.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 71,567 128,813 200,380
Additions 38,504 - 38,504
At 31 March 2024 110,071 128,813 238,884
Depreciation
At 1 April 2023 14,433 35,569 50,002
Charge for the year 19,127 18,649 37,776
At 31 March 2024 33,560 54,218 87,778
Net book value
At 31 March 2024 76,511 74,595 151,106
At 31 March 2023 57,134 93,244 150,378
4 Debtors 2024 2023
£ £
Other debtors - 175
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 1,323 2,645
Taxation and social security costs 70,516 19,561
Other creditors 53,456 48,180
125,295 70,386
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 1,178
7 Controlling party
The ultimate controlling party is Jonathan Risbey, who owns 100% of the company's shares.
8 Other information
HV Substation Software & Technical Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Brigg House
Torver
Coniston
LA21 8AY
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