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REGISTERED NUMBER: 11588243 (England and Wales)















H5 GROUP LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 17


H5 GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs P L Cook
J F Cook





REGISTERED OFFICE: 9 Fusion Court
Aberford Road
Garforth
Leeds
West Yorkshire
LS25 2GH





REGISTERED NUMBER: 11588243 (England and Wales)





AUDITORS: DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The directors present their strategic report of the company and the group for the year ended 31 March 2024.

REVIEW OF BUSINESS
Turnover for the year ended 31 March 2024 was £8,707,912 which was an increase of £3,223,579 compared with last year (2023: £5,484,333). Operating profit for the year ended 31 March 2024 was £3,125,583 which is an increase of £1,247,824 compared with the prior year (2023: £1,877,759).

PRINCIPAL RISKS AND UNCERTAINTIES
Liquidity risk
The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

Credit risk
The principal credit risk arises from the company's trade debtors. In order to manage the risk, the company uses third party credit references and customer payment history to establish the correct credit limit for each customer. These credit limits are reviewed on a regular basis and take into account the most recent collection history and spend.

ON BEHALF OF THE BOARD:





J F Cook - Director


26 March 2025

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of business and domestic software development.

DIVIDENDS
An interim dividend of £714.29 per share was paid on 31 March 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2024 will be £ 100,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Mrs P L Cook
J F Cook

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024


AUDITORS
The auditors, DSC Accountants Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J F Cook - Director


26 March 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
H5 GROUP LIMITED

Opinion
We have audited the financial statements of H5 Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
H5 GROUP LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and the inspection of other regulatory and legal correspondence. We addressed the risk of management override of internal controls, including testing journals and estimates and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud and the completeness of incoming resources. We did not identify any key audit matters relating to irregularities, including fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
H5 GROUP LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Graham French (Senior Statutory Auditor)
for and on behalf of DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

26 March 2025

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 8,707,912 5,484,333

Cost of sales 26 14,700
GROSS PROFIT 8,707,886 5,469,633

Administrative expenses 5,847,404 3,892,306
2,860,482 1,577,327

Other operating income 265,101 300,432
OPERATING PROFIT 4 3,125,583 1,877,759

Interest receivable and similar income 2,536 103
3,128,119 1,877,862
Gain/loss on revaluation of investment
property

1,813,844

-
PROFIT BEFORE TAXATION 4,941,963 1,877,862

Tax on profit 5 1,265,790 367,478
PROFIT FOR THE FINANCIAL YEAR 3,676,173 1,510,384
Profit attributable to:
Owners of the parent 3,676,173 1,510,384

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 3,676,173 1,510,384


OTHER COMPREHENSIVE INCOME
Forex differences on translation (4,764 ) -
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

(4,764

)

-
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

3,671,409

1,510,384

Total comprehensive income attributable to:
Owners of the parent 3,671,409 1,510,384

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

CONSOLIDATED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - 921
Tangible assets 9 1,724,207 2,394,978
Investments 10 - -
Investment property 11 3,450,000 -
5,174,207 2,395,899

CURRENT ASSETS
Debtors 12 2,001,525 1,074,430
Prepayments and accrued income 2,069,297 1,911,366
Cash at bank and in hand 1,212,429 810,592
5,283,251 3,796,388
CREDITORS
Amounts falling due within one year 13 1,549,848 1,348,672
NET CURRENT ASSETS 3,733,403 2,447,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,907,610

4,843,615

PROVISIONS FOR LIABILITIES 14 (457,828 ) (12,721 )

ACCRUALS AND DEFERRED INCOME 15 (194,845 ) (232,565 )
NET ASSETS 8,254,937 4,598,329

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

CONSOLIDATED BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 16 140 140
Share premium 17 286,201 286,201
Revaluation reserve 17 1,360,383 -
Capital redemption reserve 17 700 700
Other reserves 17 (4,764 ) -
Retained earnings 17 6,612,277 4,311,288
SHAREHOLDERS' FUNDS 8,254,937 4,598,329


The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:




J F Cook - Director



Mrs P L Cook - Director


H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

COMPANY BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 - -
Investments 10 601 601
Investment property 11 - -
601 601

CURRENT ASSETS
Debtors 12 1,150,000 999,999
Cash in hand 2 2
1,150,002 1,000,001
CREDITORS
Amounts falling due within one year 13 483 482
NET CURRENT ASSETS 1,149,519 999,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,150,120

1,000,120

CAPITAL AND RESERVES
Called up share capital 16 140 140
Retained earnings 1,149,980 999,980
SHAREHOLDERS' FUNDS 1,150,120 1,000,120

Company's profit for the financial year 250,000 149,980

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





J F Cook - Director


H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Called up
share Retained Share
capital earnings premium
£    £    £   
Balance at 1 April 2022 741 2,950,904 286,201

Changes in equity
Issue of share capital (601 ) - -
Dividends - (150,000 ) -
Total comprehensive income - 1,510,384 -
Balance at 31 March 2023 140 4,311,288 286,201

Changes in equity
Dividends - (100,000 ) -
Total comprehensive income - 2,400,989 -
Balance at 31 March 2024 140 6,612,277 286,201
Capital
Revaluation redemption Other Total
reserve reserve reserves equity
£    £    £    £   
Balance at 1 April 2022 - 700 - 3,238,546

Changes in equity
Issue of share capital - - - (601 )
Dividends - - - (150,000 )
Total comprehensive income - - - 1,510,384
Balance at 31 March 2023 - 700 - 4,598,329

Changes in equity
Dividends - - - (100,000 )
Total comprehensive income 1,360,383 - (4,764 ) 3,756,608
Balance at 31 March 2024 1,360,383 700 (4,764 ) 8,254,937

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 140 1,000,000 1,000,140

Changes in equity
Dividends - (150,000 ) (150,000 )
Total comprehensive income - 149,980 149,980
Balance at 31 March 2023 140 999,980 1,000,120

Changes in equity
Dividends - (100,000 ) (100,000 )
Total comprehensive income - 250,000 250,000
Balance at 31 March 2024 140 1,149,980 1,150,120

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,434,541 859,976
Tax paid (543,392 ) (135,070 )
Net cash from operating activities 1,891,149 724,906

Cash flows from investing activities
Purchase of tangible fixed assets (1,268,614 ) (636,225 )
Sale of tangible fixed assets 41,766 260,470
Interest received 2,536 103
Net cash from investing activities (1,224,312 ) (375,652 )

Cash flows from financing activities
Amount introduced by directors 730,000 260,000
Amount withdrawn by directors (895,000 ) (207,083 )
Equity dividends paid (100,000 ) (150,000 )
Net cash from financing activities (265,000 ) (97,083 )

Increase in cash and cash equivalents 401,837 252,171
Cash and cash equivalents at beginning of
year

2

810,592

558,421

Cash and cash equivalents at end of year 2 1,212,429 810,592

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 4,941,963 1,877,862
Depreciation charges 245,999 186,643
Loss/(profit) on disposal of fixed assets 10,353 (109,538 )
Gain on revaluation of fixed assets (1,813,844 ) -
Cash generated by foreign subsidiaries 87,687 -
Finance income (2,536 ) (103 )
3,469,622 1,954,864
Increase in trade and other debtors (1,077,549 ) (1,329,146 )
Increase in trade and other creditors 42,468 234,258
Cash generated from operations 2,434,541 859,976

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 1,212,429 810,592
Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 810,592 558,421


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank and in hand 810,592 401,837 1,212,429
810,592 401,837 1,212,429
Total 810,592 401,837 1,212,429

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

H5 Group 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% Straight Line
Plant and machinery - 30% Straight Line
Motor vehicles - 30% Straight Line

Investment property
Investment property has been valued by the directors using market data such as comparable sales. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 4,123,715 2,390,363
Social security costs 323,203 238,073
Other pension costs 73,162 46,319
4,520,080 2,674,755

The average number of employees during the year was as follows:
2024 2023

Directors 2 2
Administration 233 169
235 171

The average number of employees by undertakings that were proportionately consolidated during the year was 235 (2023 - 171 ) .

2024 2023
£    £   
Directors' remuneration 24,000 24,000

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 251,110 185,721
Loss/(profit) on disposal of fixed assets 10,353 (109,538 )
Patents and licences amortisation 921 920
Auditors' remuneration 20,000 -
Foreign exchange differences 79,105 (106,967 )

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

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

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 829,381 377,588

Deferred tax 436,409 (10,110 )
Tax on profit 1,265,790 367,478

Tax effects relating to effects of other comprehensive income

2024
Gross Tax Net
£    £    £   
Forex differences on translation (4,764 ) - (4,764 )

6. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


7. DIVIDENDS
2024 2023
£    £   
Interim 100,000 150,000

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

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

8. INTANGIBLE FIXED ASSETS

Group
Patents
and
licences
£   
COST
At 1 April 2023
and 31 March 2024 4,603
AMORTISATION
At 1 April 2023 3,682
Amortisation for year 921
At 31 March 2024 4,603
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 921

9. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 April 2023 2,059,712 646,795 1,061
Additions 720,870 215,405 62,824
Disposals - - (15,191 )
Reclassification/transfer (1,716,774 ) - -
At 31 March 2024 1,063,808 862,200 48,694
DEPRECIATION
At 1 April 2023 49,506 533,274 606
Charge for year 48,614 71,699 4,012
Eliminated on disposal - - (3,276 )
Revaluation adjustments (80,618 ) - -
At 31 March 2024 17,502 604,973 1,342
NET BOOK VALUE
At 31 March 2024 1,046,306 257,227 47,352
At 31 March 2023 2,010,206 113,521 455

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

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

9. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 310,747 4,460 3,022,775
Additions 128,069 141,446 1,268,614
Disposals (76,000 ) - (91,191 )
Reclassification/transfer - - (1,716,774 )
At 31 March 2024 362,816 145,906 2,483,424
DEPRECIATION
At 1 April 2023 43,259 1,152 627,797
Charge for year 93,121 33,664 251,110
Eliminated on disposal (35,796 ) - (39,072 )
Revaluation adjustments - - (80,618 )
At 31 March 2024 100,584 34,816 759,217
NET BOOK VALUE
At 31 March 2024 262,232 111,090 1,724,207
At 31 March 2023 267,488 3,308 2,394,978

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost 1,063,808 862,200 48,694

Motor Computer
vehicles equipment Totals
£    £    £   
Cost 362,816 145,906 2,483,424

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

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

10. FIXED ASSET INVESTMENTS

Company
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 601
NET BOOK VALUE
At 31 March 2024 601
At 31 March 2023 601

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Audit Partnership Limited
Registered office: 9 Fusion Court, Aberford Road, Garforth, Leeds, LS25 2GH
Nature of business: Business and domestic software development
%
Class of shares: holding
Ordinary 100.00

H5 Direct Limited
Registered office: 9 Fusion Court, Aberford Road, Garforth, Leeds, LS25 2GH
Nature of business: Buying and selling of own real estate
%
Class of shares: holding
Ordinary 100.00

APL Audit Operations India LLP
Registered office: No 006 Ground Floor No 121/1 Shri, 9th Cross Bank Avenue, Babusahebpalya, Bangalore, 560043
Nature of business: Overseas LLP
%
Class of shares: holding
N/A 100.00


H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

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

11. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
Revaluations 1,813,844
Reclassification/transfer 1,636,156
At 31 March 2024 3,450,000
NET BOOK VALUE
At 31 March 2024 3,450,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 1,733,226
Cost 1,716,774
3,450,000

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 1,875,964 1,042,050 - -
Other debtors 118,084 32,380 1,150,000 999,999
Deferred tax 7,477 - - -
2,001,525 1,074,430 1,150,000 999,999

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade creditors 83,901 57,043 - -
Tax 552,577 266,588 - -
Social security and other taxes 114,203 81,133 - -
VAT 120,808 125,619 - -
Other creditors 25,547 770,076 1 -
Directors' current accounts 652,812 48,213 482 482
1,549,848 1,348,672 483 482

No interest was charged on the directors current account balance.

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

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

14. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 457,828 12,721

Group
Deferred
tax
£   
Balance at 1 April 2023 12,721
Charge to Income Statement during year 445,107
Balance at 31 March 2024 457,828

15. ACCRUALS AND DEFERRED INCOME

Group
2024 2023
£    £   
Accruals and deferred income 194,845 232,565

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
140 A Ordinary £1 140 140

17. RESERVES

Group
Retained Share Revaluation
earnings premium reserve
£    £    £   

At 1 April 2023 4,311,288 286,201 -
Profit for the year 3,676,173
Dividends (100,000 )
Revaluation reserve (1,813,844 ) - 1,813,844
Deferred tax 453,461 - (453,461 )
Foreign subsidiary/branch
reserves 85,199 - -
At 31 March 2024 6,612,277 286,201 1,360,383

H5 GROUP LIMITED (REGISTERED NUMBER: 11588243)

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

17. RESERVES - continued

Group
Capital
redemption Other
reserve reserves Totals
£    £    £   

At 1 April 2023 700 - 4,598,189
Profit for the year 3,676,173
Dividends (100,000 )
Foreign subsidiary/branch
reserves - - 85,199
Other comprehensive income - (4,764 ) (4,764 )
At 31 March 2024 700 (4,764 ) 8,254,797