REGISTERED NUMBER: |
HLN Ltd |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
REGISTERED NUMBER: |
HLN Ltd |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
HLN Ltd (Registered number: 01861619) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HLN Ltd |
Company Information |
for the Year Ended 30 April 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Bankers: |
56 Queen Street |
St David's Centre |
Cardiff |
CF10 2PX |
HLN Ltd (Registered number: 01861619) |
Balance Sheet |
30 April 2024 |
2024 | 2023 |
Notes | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Stocks |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
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 were approved by the Board of Directors and authorised for issue on |
HLN Ltd (Registered number: 01861619) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | Statutory information |
HLN Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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, or, if held under a finance lease, over the lease term, whichever is the shorter. |
Improvements to property - 20% on reducing balance |
Motor vehicles - 25% on reducing balance |
Computer equipment - 33% 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. |
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. |
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. |
HLN Ltd (Registered number: 01861619) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
2. | Accounting policies - continued |
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. |
Charges |
DBW Investments (3) Limited holds a fixed and floating charge and a negative pledge dated 19 July 2022 over HLN Ltd on all monies, obligations and liabilities which may be due to DBW Investments Limited now and in the future. Charge code 018616190007. |
Hh Cashflow Finance Limited holds a fixed and floating charge and a negative pledge dated 30 October 2015 over HLN Ltd on all monies, obligations and liabilities which may be due to Hh Cashflow Finance Limited now and in the future. Charge code 018616190006. |
HSBC Bank PLC holds a fixed and floating charge and a negative pledge dated 24 October 2013 over HLN Ltd on all monies obligations and liabilities which may be due to HSBC Bank PLC now and in the future. Charge code 018616190004. |
Barclays Bank PLC holds a fixed and floating charge and a negative pledge dated 19 April 2007 over HLN Ltd on all monies, obligations and liabilities which may be due to Barclays Bank PLC now and in the future. |
Barclays Bank PLC holds a fixed and floating charge and a negative pledge dated 19 September 2005 over HLN Ltd on all monies, obligations and liabilities which may be due to Barclays Bank PLC now and in the future. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 May 2023 |
and 30 April 2024 |
Amortisation |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
HLN Ltd (Registered number: 01861619) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
5. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 May 2023 |
Additions |
Disposals | ( |
) |
At 30 April 2024 |
Depreciation |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
6. | Fixed asset investments |
Other |
investments |
£ |
Cost |
At 1 May 2023 |
Disposals | ( |
) |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
7. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
8. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
VAT | 192,190 | 215,856 |
Other creditors |
Directors' current accounts | - | 17,934 |
Accrued expenses | ( |
) | ( |
) |
HLN Ltd (Registered number: 01861619) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
9. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |