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REGISTERED NUMBER: 11030724 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

HBF SOLUTIONS LIMITED

HBF SOLUTIONS LIMITED (REGISTERED NUMBER: 11030724)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HBF SOLUTIONS LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: D M Stein





REGISTERED OFFICE: 2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 11030724 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

HBF SOLUTIONS LIMITED (REGISTERED NUMBER: 11030724)

Statement of Financial Position
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 44,959 51,831

CURRENT ASSETS
Debtors 5 1,529 28,494
Cash at bank 2,243,160 2,059,108
2,244,689 2,087,602
CREDITORS
Amounts falling due within one year 6 112,268 127,929
NET CURRENT ASSETS 2,132,421 1,959,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,177,380

2,011,504

PROVISIONS FOR LIABILITIES 7 11,240 11,491
NET ASSETS 2,166,140 2,000,013

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,166,040 1,999,913
SHAREHOLDERS' FUNDS 2,166,140 2,000,013

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HBF SOLUTIONS LIMITED (REGISTERED NUMBER: 11030724)

Statement of Financial Position - continued
31 OCTOBER 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:





D M Stein - Director


HBF SOLUTIONS LIMITED (REGISTERED NUMBER: 11030724)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

HBF Solutions 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 presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 2 (2023 - 2 ) .

HBF SOLUTIONS LIMITED (REGISTERED NUMBER: 11030724)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 60,180 8,165 68,345
Additions - 4,368 4,368
At 31 October 2024 60,180 12,533 72,713
DEPRECIATION
At 1 November 2023 12,036 4,478 16,514
Charge for year 9,629 1,611 11,240
At 31 October 2024 21,665 6,089 27,754
NET BOOK VALUE
At 31 October 2024 38,515 6,444 44,959
At 31 October 2023 48,144 3,687 51,831

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 1,529 -
Prepayments and accrued income - 28,494
1,529 28,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Corporation Tax 61,514 45,983
Social security and other taxes 6,174 15,677
Other creditors 1,770 2,813
Directors' current accounts 41,060 61,706
Accruals and deferred income 1,750 1,750
112,268 127,929

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 11,240 11,491

Deferred
tax
£   
Balance at 1 November 2023 11,491
Provided during year (251 )
Balance at 31 October 2024 11,240

HBF SOLUTIONS LIMITED (REGISTERED NUMBER: 11030724)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1 Ordinary £1 100 100