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REGISTERED NUMBER: SC482939 (Scotland)





















Unaudited Financial Statements

For The Year Ended 29 September 2024

for

Hsrbs Limited

Hsrbs Limited (Registered number: SC482939)






Contents of the Financial Statements
For The Year Ended 29 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hsrbs Limited

Company Information
For The Year Ended 29 September 2024







DIRECTORS: W Hutton
J Swales





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC482939 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Hsrbs Limited (Registered number: SC482939)

Balance Sheet
29 September 2024

29.9.24 29.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,366 23,554

CURRENT ASSETS
Stocks 250,576 147,508
Debtors 5 218,016 114,095
Cash at bank 51,915 119,525
520,507 381,128
CREDITORS
Amounts falling due within one year 6 317,525 290,881
NET CURRENT ASSETS 202,982 90,247
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,348

113,801

CREDITORS
Amounts falling due after more than one
year

7

(7,728

)

(12,863

)

PROVISIONS FOR LIABILITIES 8 (6,163 ) (5,104 )
NET ASSETS 216,457 95,834

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 216,455 95,832
SHAREHOLDERS' FUNDS 216,457 95,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

Hsrbs Limited (Registered number: SC482939)

Balance Sheet - continued
29 September 2024


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 Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





J Swales - Director


Hsrbs Limited (Registered number: SC482939)

Notes to the Financial Statements
For The Year Ended 29 September 2024

1. STATUTORY INFORMATION

Hsrbs Limited is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


Hsrbs Limited (Registered number: SC482939)

Notes to the Financial Statements - continued
For The Year Ended 29 September 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 30 September 2023 33,339 7,080 40,419
Additions 17,950 - 17,950
Disposals (11,000 ) - (11,000 )
At 29 September 2024 40,289 7,080 47,369
DEPRECIATION
At 30 September 2023 14,713 2,152 16,865
Charge for year 7,808 986 8,794
Eliminated on disposal (5,656 ) - (5,656 )
At 29 September 2024 16,865 3,138 20,003
NET BOOK VALUE
At 29 September 2024 23,424 3,942 27,366
At 29 September 2023 18,626 4,928 23,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 29.9.23
£    £   
Trade debtors 134,319 1,945
Other debtors 83,697 112,150
218,016 114,095

Hsrbs Limited (Registered number: SC482939)

Notes to the Financial Statements - continued
For The Year Ended 29 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 29.9.23
£    £   
Bank loans and overdrafts 5,135 4,885
Trade creditors 187,069 163,274
Taxation and social security 72,685 10,431
Other creditors 52,636 112,291
317,525 290,881

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.9.24 29.9.23
£    £   
Bank loans 7,728 12,863

8. PROVISIONS FOR LIABILITIES
29.9.24 29.9.23
£    £   
Deferred tax 6,163 5,104

Deferred
tax
£   
Balance at 30 September 2023 5,104
Provided during year 1,059
Balance at 29 September 2024 6,163