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Registered number: 04212030
Hosting Systems Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Sempar Accountancy and Tax Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04212030
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,458 3,958
Tangible Assets 5 30,279 27,769
33,737 31,727
CURRENT ASSETS
Debtors 6 30,402 46,167
Cash at bank and in hand 196,780 183,587
227,182 229,754
Creditors: Amounts Falling Due Within One Year 7 (198,479 ) (132,697 )
NET CURRENT ASSETS (LIABILITIES) 28,703 97,057
TOTAL ASSETS LESS CURRENT LIABILITIES 62,440 128,784
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,700 ) (5,275 )
NET ASSETS 56,740 123,509
CAPITAL AND RESERVES
Called up share capital 8 6,550 6,550
Profit and Loss Account 50,190 116,959
SHAREHOLDERS' FUNDS 56,740 123,509
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alastair Bates
Director
Ms Juliet Moran
Director
31 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Hosting Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04212030 . The registered office is The Hub Trentham Business Quarter, Bellringer Road, Stoke-On-Trent, Staffordhisre, ST4 8GB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are a domain name. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% on cost
Plant & Machinery 20% on cost
Fixtures & Fittings 6 Years on cost
Computer Equipment 33% on cost
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 November 2023 15,000 5,000 20,000
As at 31 October 2024 15,000 5,000 20,000
Amortisation
As at 1 November 2023 15,000 1,042 16,042
Provided during the period - 500 500
As at 31 October 2024 15,000 1,542 16,542
Net Book Value
As at 31 October 2024 - 3,458 3,458
As at 1 November 2023 - 3,958 3,958
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 12,457 25,859 137,586 175,902
Additions - 761 17,133 17,894
As at 31 October 2024 12,457 26,620 154,719 193,796
Depreciation
As at 1 November 2023 3,923 23,413 120,797 148,133
Provided during the period 250 992 14,142 15,384
As at 31 October 2024 4,173 24,405 134,939 163,517
Net Book Value
As at 31 October 2024 8,284 2,215 19,780 30,279
As at 1 November 2023 8,534 2,446 16,789 27,769
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,318 39,920
Prepayments and accrued income 6,084 6,247
30,402 46,167
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,688 14,685
Corporation tax 49,879 40,317
Other taxes and social security 11,553 10,680
VAT 37,179 9,134
Other creditors 4,770 2,269
Accruals and deferred income 57,410 55,612
198,479 132,697
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6,550 6,550
9. Related Party Transactions
Dividends paid to parent company £216,993 (2023: £113,584).
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is HS Group (Holdings) Limited . HS Group (Holdings) Limited was incorporated in England and Wales. The ultimate controlling party is Alastair Bates .
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