IRIS Accounts Production v24.3.2.46 06277886 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062778862023-12-31062778862024-12-31062778862024-01-012024-12-31062778862022-12-31062778862023-01-012023-12-31062778862023-12-3106277886ns15:EnglandWales2024-01-012024-12-3106277886ns14:PoundSterling2024-01-012024-12-3106277886ns10:Director12024-01-012024-12-3106277886ns10:Director22024-01-012024-12-3106277886ns10:CompanyLimitedByGuarantee2024-01-012024-12-3106277886ns10:SmallEntities2024-01-012024-12-3106277886ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3106277886ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3106277886ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106277886ns10:FullAccounts2024-01-012024-12-3106277886ns10:Director32024-01-012024-12-3106277886ns10:Director42024-01-012024-12-3106277886ns10:Director52024-01-012024-12-3106277886ns10:Director62024-01-012024-12-3106277886ns10:Director72024-01-012024-12-3106277886ns10:CompanySecretary12024-01-012024-12-3106277886ns10:RegisteredOffice2024-01-012024-12-3106277886ns5:CurrentFinancialInstruments2024-12-3106277886ns5:CurrentFinancialInstruments2023-12-3106277886ns5:RetainedEarningsAccumulatedLosses2024-12-3106277886ns5:RetainedEarningsAccumulatedLosses2023-12-3106277886ns5:PlantMachinery2024-01-012024-12-3106277886ns5:PlantMachinery2023-12-3106277886ns5:PlantMachinery2024-12-3106277886ns5:PlantMachinery2023-12-3106277886ns5:CostValuation2023-12-31
REGISTERED NUMBER: 06277886 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HBBS LIMITED
TRADING AS
HASTINGS BOROUGH BONFIRE SOCIETY LIMITED

HBBS LIMITED (REGISTERED NUMBER: 06277886)
TRADING AS HASTINGS BOROUGH BONFIRE SOCIETY LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

HBBS LIMITED
TRADING AS HASTINGS BOROUGH BONFIRE SOCIETY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C Bridges
H J Leech
H L Wheatcroft
R J Wood
R Adie
A T Hinton
M C French





SECRETARY: J Taylor





REGISTERED OFFICE: C/o Jackson Hall
Portland Place
Hastings
East Sussex
TN34 1QN





REGISTERED NUMBER: 06277886 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

HBBS LIMITED (REGISTERED NUMBER: 06277886)
TRADING AS HASTINGS BOROUGH BONFIRE SOCIETY LIMITED

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6 8
Investments 5 2 2
8 10

CURRENT ASSETS
Stocks 678 1,461
Debtors 6 996 980
Cash at bank and in hand 37,922 34,878
39,596 37,319
CREDITORS
Amounts falling due within one year 7 1,645 1,743
NET CURRENT ASSETS 37,951 35,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,959

35,586

RESERVES
Income and expenditure account 37,959 35,586
37,959 35,586

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 surplus or deficit 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.

HBBS LIMITED (REGISTERED NUMBER: 06277886)
TRADING AS HASTINGS BOROUGH BONFIRE SOCIETY LIMITED

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




H J Leech - Director



C Bridges - Director


HBBS LIMITED (REGISTERED NUMBER: 06277886)
TRADING AS HASTINGS BOROUGH BONFIRE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

HBBS Limited is a private company, limited by guarantee , 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised in the accounting period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

HBBS LIMITED (REGISTERED NUMBER: 06277886)
TRADING AS HASTINGS BOROUGH BONFIRE SOCIETY LIMITED

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
and 31 December 2024 104
DEPRECIATION
At 1 January 2024 96
Charge for year 2
At 31 December 2024 98
NET BOOK VALUE
At 31 December 2024 6
At 31 December 2023 8

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 2
NET BOOK VALUE
At 31 December 2024 2
At 31 December 2023 2

The company's investment at the balance sheet in the share capital of a company relates to the following:

Renegade Pyrotechnics Limited
Nature of business: Pyrotechnics display team
%
Class of shares: holding
Ordinary £1 share 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Prepayments and accrued income 996 980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 557 827
Other creditors 490 300
Deferred income - 15
Accrued expenses 598 601
1,645 1,743

HBBS LIMITED (REGISTERED NUMBER: 06277886)
TRADING AS HASTINGS BOROUGH BONFIRE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. RELATED PARTY DISCLOSURES

Renegade Pyrotechnics Limited is a wholly owned subsidiary of HBBS Limited.

As at the balance sheet date there were no amounts due to Renegade Pyrotechnics Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HBBS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HBBS Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of HBBS Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HBBS Limited and state those matters that we have agreed to state to the Board of Directors of HBBS Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HBBS Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that HBBS Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HBBS Limited. You consider that HBBS Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HBBS Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


25 March 2025