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Company Registration No. 10256334 (England and Wales)
H S Conveyancing Ltd Unaudited accounts for the year ended 30 April 2024
H S Conveyancing Ltd Unaudited accounts Contents
Page
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H S Conveyancing Ltd Company Information for the year ended 30 April 2024
Directors
Mark Simon Priestley Satpal Singh Pandal Helen Jayne Casely Ssh Group Holding Company Limited
Company Number
10256334 (England and Wales)
Registered Office
The Core Bath Lane Newcastle Helix Newcastle Upon Tyne NE4 5TF England
Accountants
Harris 21 Ltd The Core Newcastle Helix Newcastle Upon Tyne NE4 5TF
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H S Conveyancing Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
81,000 
97,200 
Tangible assets
875 
1,029 
81,875 
98,229 
Current assets
Inventories
212,000 
212,000 
Debtors
188,394 
74,694 
Cash at bank and in hand
367 
- 
400,761 
286,694 
Creditors: amounts falling due within one year
(451,136)
(384,315)
Net current liabilities
(50,375)
(97,621)
Total assets less current liabilities
31,500 
608 
Creditors: amounts falling due after more than one year
(84,167)
(20,833)
Net liabilities
(52,667)
(20,225)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(52,767)
(20,325)
Shareholders' funds
(52,667)
(20,225)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by
Mark Simon Priestley Director Company Registration No. 10256334
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H S Conveyancing Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
H S Conveyancing Ltd is a private company, limited by shares, registered in England and Wales, registration number 10256334. The registered office is The Core Bath Lane, Newcastle Helix , Newcastle Upon Tyne, NE4 5TF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
33% straightline
Intangible fixed assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at the cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years. For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each in the unit.
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H S Conveyancing Ltd Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
162,000 
At 30 April 2024
162,000 
Amortisation
At 1 May 2023
64,800 
Charge for the year
16,200 
At 30 April 2024
81,000 
Net book value
At 30 April 2024
81,000 
At 30 April 2023
97,200 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
2,746 
2,139 
4,885 
At 30 April 2024
2,746 
2,139 
4,885 
Depreciation
At 1 May 2023
1,718 
2,138 
3,856 
Charge for the year
154 
- 
154 
At 30 April 2024
1,872 
2,138 
4,010 
Net book value
At 30 April 2024
874 
1 
875 
At 30 April 2023
1,028 
1 
1,029 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
78,375 
64,640 
Accrued income and prepayments
102,045 
2,080 
Other debtors
7,974 
7,974 
188,394 
74,694 
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H S Conveyancing Ltd Notes to the Accounts for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
57,526 
33,905 
VAT
6,456 
22,494 
Trade creditors
259,886 
141,004 
Taxes and social security
10,057 
19,473 
Other creditors
53,662 
91,764 
Loans from directors
63,440 
73,440 
Accruals
109 
2,235 
451,136 
384,315 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
84,167 
20,833 
9
Average number of employees
During the year the average number of employees was 9 (2023: 12).
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