Registration number:
HBXL Group Limited
for the Year Ended 30 September 2024
Pages for filing with Registrar
HBXL Group Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
HBXL Group Limited
Company Information
Directors |
S Mulgrew J L Pizzey J M Mulgrew A L Wild |
Registered office |
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Registered number |
09500190 |
Accountants |
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HBXL Group Limited
(Registration number: 09500190)
Balance Sheet as at 30 September 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Investments |
2,000 |
2,000 |
|
Current assets |
|||
Stocks |
- |
87 |
|
Debtors |
2,287,117 |
2,218,034 |
|
2,287,117 |
2,218,121 |
||
Creditors: Amounts falling due within one year |
(2,595,644) |
(2,405,578) |
|
Net current liabilities |
(308,527) |
(187,457) |
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Net liabilities |
(306,527) |
(185,457) |
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Capital and reserves |
|||
Called up share capital |
864 |
864 |
|
Profit and loss account |
(307,391) |
(186,321) |
|
Total equity |
(306,527) |
(185,457) |
HBXL Group Limited
(Registration number: 09500190)
Balance Sheet as at 30 September 2024
For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
HBXL Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The company's financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be adequate for the company's needs. These sources of funding include funds from the company’s trading subsidiaries. The directors have a reasonable expectation that funding will be available for a period no shorter than twelve months from the date of approval of these financial statements. Accordingly, these financial statements have been prepared on the going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration receivable for the provision of management services to fellow group undertakings.
Government grants
Government grants are recognised, using the accrual model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
HBXL Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Investments in subsidiaries are measured at cost less impairment.
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured less any provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks comprise direct materials and are stated at cost.
Trade creditors
Trade creditors are recognised at the transaction price.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense as the services are received.
The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.
Staff numbers |
The average number of persons employed by the company (excluding directors) during the year, was
Investments |
2024 |
2023 |
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Investments in subsidiaries |
|
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HBXL Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Debtors: amounts falling due within one year |
2024 |
2023 |
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Amounts owed by group undertakings |
2,249,630 |
2,213,552 |
Prepayments and accrued income |
5,437 |
4,482 |
Corporation tax control |
32,050 |
- |
2,287,117 |
2,218,034 |
Creditors |
2024 |
2023 |
|
Trade creditors |
7,728 |
7,857 |
Amounts owed to group undertakings |
2,572,115 |
2,365,855 |
Accruals |
13,778 |
18,015 |
Directors' loan accounts |
2,023 |
13,851 |
2,595,644 |
2,405,578 |
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
|
Ordinary A2 of £0.01 each |
77,092 |
770.92 |
77,092 |
770.92 |
Ordinary B of £0.01 each |
9,330 |
93.30 |
9,330 |
93.30 |
86,422 |
864.22 |
86,422 |
864.22 |
HBXL Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Related party transactions |
FRS 102 does not require disclosure of transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly-owned by such a member. The balances below relate to the company’s non wholly-owned subsidiary. During the year the company made sales of £262,382 (2020- £260,115), in respect of management services, to non-wholly owned subsidiaries.
Payables to related parties
2024 |
Subsidiary |
Amounts payable to related party |
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2023 |
Subsidiary |
Amounts payable to related party |
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