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REGISTERED NUMBER: 09229351 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Hansen Sweeney Limited

Hansen Sweeney Limited (Registered number: 09229351)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hansen Sweeney Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R C Mohabaty
S Healy





SECRETARY: Best4Business Limited (Corporate)





REGISTERED OFFICE: 45 Beaufort Court
Admirals Way
London
E14 9XL





REGISTERED NUMBER: 09229351 (England and Wales)






Hansen Sweeney Limited (Registered number: 09229351)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 4,349 8,185

CURRENT ASSETS
Stocks 51,088 18,848
Debtors 5 72,803 68,610
Cash at bank 62,075 15,260
185,966 102,718
CREDITORS
Amounts falling due within one year 6 (131,681 ) (79,823 )
NET CURRENT ASSETS 54,285 22,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,634

31,080

PROVISIONS FOR LIABILITIES (1,087 ) (2,046 )
NET ASSETS 57,547 29,034

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 57,447 28,934
SHAREHOLDERS' FUNDS 57,547 29,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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:





R C Mohabaty - Director


Hansen Sweeney Limited (Registered number: 09229351)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Hansen Sweeney Accountants Limited 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.

The company passed a special resolution on 9th November 2022 changing its name from Hansen Sweeney Accountants Limited to Hansen Sweeney Limited.

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
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase prices, costs directly attributable to bringing the assets to its working condition for its intended use, dismantling and restoration costs.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery - 33.33% on cost
Fixtures & fittings - 20.00% on cost

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.

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 8 (2023 - 8 ) .

Hansen Sweeney Limited (Registered number: 09229351)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2024 24,391
Additions 3,306
At 31 December 2024 27,697
DEPRECIATION
At 1 January 2024 16,206
Charge for year 7,142
At 31 December 2024 23,348
NET BOOK VALUE
At 31 December 2024 4,349
At 31 December 2023 8,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 55,312 61,510
Other debtors 17,491 7,100
72,803 68,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 45,281 6,270
Amounts owed to participating interests - 10,710
Taxation and social security 42,180 31,539
Other creditors 44,220 31,304
131,681 79,823

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

Hansen Sweeney Limited (Registered number: 09229351)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. RELATED PARTY DISCLOSURES

The company purchases, on normal commercial terms, management, accounting, bookkeeping and payroll services from Best4business Accountants & Company Limited, a company registered in England with number 4331988, of which the company is a wholly-owned subsidiary company, and of which Mr R C Mohabaty and Mr S Healy are directors.

The value of such purchases during the financial period being reported was £120,217 [2023: £94,858] (excluding VAT).The total balance due to Best4business Accountants & Company Limited at the end of the year was £24,709 [2023: £10,710].

The company purchases, on normal commercial terms, IT consultancy services from Best4business (Technology Partners) Limited, a company registered in England with number 10859135, of which Mr R C Mohabaty is a director and retains significant control.

The value of such purchases during the financial period being reported was £42,399 [2023: £31,560] (excluding VAT).The total balance due to Best4business Accountants & Company Limited at the end of the year was £5,976 [2023: £3,583].

The company purchases, on normal commercial terms, management charge services from Hansen Sweeney LLP, a partnership registered in England with number OC44491, of which Mr R C Mohabaty and Mr S Healy are designated members.

The value of such purchases during the financial period being reported was £40,000 [2023: £nil] (excluding VAT).The total balance due to Hansen Sweeney LLP at the end of the year was £nil [2023: £nil].

9. ULTIMATE CONTROLLING PARTY

The Company is a wholly-owned subsidiary of Best4business Accountants and Company Limited.

The ultimate controlling party of Best4business Accountants and Company Limited is R C Mohabaty, who owns and controls a majority of the shares in the parent company.