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REGISTERED NUMBER: 01861619 (England and Wales)















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: M J O'Brien
D J Callaghan



Secretary: Mrs S E O'Brien



Registered office: 21 Neptune Court
Vanguard Way
CARDIFF
CF24 5PJ



Registered number: 01861619 (England and Wales)



Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ



Bankers: HSBC UK
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 4 113,617 123,946
Tangible assets 5 125,694 167,347
Investments 6 - 7,800
239,311 299,093

Current assets
Stocks 146,883 133,883
Debtors 7 562,112 790,707
Cash at bank 223,696 333,805
932,691 1,258,395
Creditors
Amounts falling due within one year 8 (558,655 ) (559,670 )
Net current assets 374,036 698,725
Total assets less current liabilities 613,347 997,818

Creditors
Amounts falling due after more than one year 9 (53,895 ) (97,601 )

Provisions for liabilities (31,424 ) (24,133 )
Net assets 528,028 876,084

Capital and reserves
Called up share capital 100,300 100,300
Retained earnings 427,728 775,784
528,028 876,084

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:



M J O'Brien - Director


HLN Ltd (Registered number: 01861619)

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

1. Statutory information

HLN Ltd 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. 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.

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
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 30 (2023 - 30 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 177,466
Amortisation
At 1 May 2023 53,520
Charge for year 10,329
At 30 April 2024 63,849
Net book value
At 30 April 2024 113,617
At 30 April 2023 123,946

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 1,189,526
Additions 11,520
Disposals (8,807 )
At 30 April 2024 1,192,239
Depreciation
At 1 May 2023 1,022,179
Charge for year 44,366
At 30 April 2024 1,066,545
Net book value
At 30 April 2024 125,694
At 30 April 2023 167,347

6. Fixed asset investments
Other
investments
£   
Cost
At 1 May 2023 7,800
Disposals (7,800 )
At 30 April 2024 -
Net book value
At 30 April 2024 -
At 30 April 2023 7,800

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 529,695 736,651
Other debtors 5,455 5,455
Prepayments and accrued income 26,962 48,601
562,112 790,707

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 42,420 40,952
Trade creditors 65,357 108,500
Amounts owed to group undertakings 33,500 -
Social security and other taxes 82,015 52,468
VAT 192,190 215,856
Other creditors 157,862 149,744
Directors' current accounts - 17,934
Accrued expenses (14,689 ) (25,784 )
558,655 559,670

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 53,895 97,601