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REGISTERED NUMBER: 06693739 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Hugel Limited

Hugel Limited (Registered number: 06693739)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Hugel Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D Tate
M Walsh





SECRETARY: M Walsh





REGISTERED OFFICE: 5 Moorfield Road
Yeadon
LEEDS
West Yorkshire
LS19 7BN





REGISTERED NUMBER: 06693739 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Hugel Limited (Registered number: 06693739)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 23,682 28,150

CURRENT ASSETS
Debtors 6 37,892 30,966
Cash at bank and in hand 54,575 70,676
92,467 101,642
CREDITORS
Amounts falling due within one year 7 (77,621 ) (47,055 )
NET CURRENT ASSETS 14,846 54,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,528

82,737

CREDITORS
Amounts falling due after more than one
year

8

(14,345

)

(21,846

)

PROVISIONS FOR LIABILITIES (3,655 ) (4,318 )
NET ASSETS 20,528 56,573

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 20,526 56,571
SHAREHOLDERS' FUNDS 20,528 56,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

Hugel Limited (Registered number: 06693739)

Statement of Financial Position - continued
30 September 2024



The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





D Tate - Director


Hugel Limited (Registered number: 06693739)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Hugel 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Hugel Limited (Registered number: 06693739)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 98,858 94 12,079 111,031
DEPRECIATION
At 1 October 2023 75,613 94 7,174 82,881
Charge for year 3,487 - 981 4,468
At 30 September 2024 79,100 94 8,155 87,349
NET BOOK VALUE
At 30 September 2024 19,758 - 3,924 23,682
At 30 September 2023 23,245 - 4,905 28,150

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 37,892 30,966

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,126 7,500
Trade creditors 21,134 20,292
Tax - 1,387
Social security and other taxes 444 401
VAT 10,905 11,690
Directors' current accounts 32,512 3,685
Accrued expenses 2,500 2,100
77,621 47,055

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 10,126 10,000
Bank loans - 2-5 years 4,219 11,846
14,345 21,846

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hugel Limited (Registered number: 06693739)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hugel Limited for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hugel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hugel Limited and state those matters that we have agreed to state to the Board of Directors of Hugel Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hugel Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hugel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hugel Limited. You consider that Hugel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hugel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


21 January 2025