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REGISTERED NUMBER: 08637915 (England and Wales)















HESSELBRAND LTD

Financial Statements

for the Year Ended 31 August 2024






HESSELBRAND LTD (REGISTERED NUMBER: 08637915)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HESSELBRAND LTD

Company Information
for the year ended 31 August 2024







Directors: M Casselbrant
J Henriksson





Registered office: 2 Providence Yard
Ezra Street
London
E2 7RJ





Registered number: 08637915 (England and Wales)

HESSELBRAND LTD (REGISTERED NUMBER: 08637915)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 7,177 10,339

Current assets
Debtors 5 72,512 71,749
Cash at bank 151,801 65,669
224,313 137,418
Creditors
Amounts falling due within one year 6 132,207 74,173
Net current assets 92,106 63,245
Total assets less current liabilities 99,283 73,584

Creditors
Amounts falling due after more than one
year

7

10,947

20,919
Net assets 88,336 52,665

Capital and reserves
Called up share capital 30 30
Retained earnings 88,306 52,635
88,336 52,665

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 10 April 2025 and were signed on its behalf by:





M Casselbrant - Director


HESSELBRAND LTD (REGISTERED NUMBER: 08637915)

Notes to the Financial Statements
for the year ended 31 August 2024


1. Statutory information

Hesselbrand Ltd 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.

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.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

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

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty,
by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% straight line

Computer equipment - 25% straight line

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

HESSELBRAND LTD (REGISTERED NUMBER: 08637915)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


2. Accounting policies - continued

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 5 (2023 - 4 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 September 2023 20,521 4,256 24,777
Additions - 1,000 1,000
At 31 August 2024 20,521 5,256 25,777
Depreciation
At 1 September 2023 10,682 3,756 14,438
Charge for year 3,865 297 4,162
At 31 August 2024 14,547 4,053 18,600
Net book value
At 31 August 2024 5,974 1,203 7,177
At 31 August 2023 9,839 500 10,339

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 7,587 52,116
Other debtors 64,925 19,633
72,512 71,749

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,650 10,648
Trade creditors 2,036 5,856
Taxation and social security 106,322 53,365
Other creditors 13,199 4,304
132,207 74,173

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 10,947 20,919