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REGISTERED NUMBER: 04167116 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

HLW 120 LIMITED

HLW 120 LIMITED (REGISTERED NUMBER: 04167116)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HLW 120 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: S S Ali BSc(hons)





SECRETARY: S S Ali BSc(hons)





REGISTERED OFFICE: 39 Kirkby Road
Hemsworth
Pontefract
West Yorkshire
WF9 4BA





REGISTERED NUMBER: 04167116 (England and Wales)





ACCOUNTANTS: K L King Accountants
Chartered Accountants
39 Kirkby Road
Hemsworth
Pontefract
West Yorkshire
WF9 4BA

HLW 120 LIMITED (REGISTERED NUMBER: 04167116)

ABRIDGED BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 206,624 119,498
Investments 5 - 100
206,624 119,598

CURRENT ASSETS
Stocks 19,052 20,668
Debtors 11,379 2,871
Cash at bank and in hand 116,523 208,798
146,954 232,337
CREDITORS
Amounts falling due within one year 50,535 58,825
NET CURRENT ASSETS 96,419 173,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,043

293,110

CREDITORS
Amounts falling due after more than one
year

(34,099

)

(34,079

)

PROVISIONS FOR LIABILITIES (245 ) (289 )
NET ASSETS 268,699 258,742

CAPITAL AND RESERVES
Called up share capital 7 2,074 2,074
Share premium 47,610 47,610
Retained earnings 219,015 209,058
SHAREHOLDERS' FUNDS 268,699 258,742

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

HLW 120 LIMITED (REGISTERED NUMBER: 04167116)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 April 2025 and were signed by:





S S Ali BSc(hons) - Director


HLW 120 LIMITED (REGISTERED NUMBER: 04167116)

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


1. STATUTORY INFORMATION

HLW 120 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.

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
Turnover 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.
Freehold property - 4% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

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.

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.

HLW 120 LIMITED (REGISTERED NUMBER: 04167116)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 192,713
Additions 98,910
At 31 July 2024 291,623
DEPRECIATION
At 1 August 2023 73,215
Charge for year 11,784
At 31 July 2024 84,999
NET BOOK VALUE
At 31 July 2024 206,624
At 31 July 2023 119,498

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 August 2023 49,484
Disposals (49,484 )
At 31 July 2024 -
PROVISIONS
At 1 August 2023 49,384
Eliminated on disposal (49,384 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 100

HLW 120 LIMITED (REGISTERED NUMBER: 04167116)

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


6. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 34,819 36,879

Bank loans are secured by a first legal charge over the assets of the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2,074 Ordinary £1 2,074 2,074

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
S S Ali BSc(hons)
Balance outstanding at start of year (4,259 ) (63 )
Amounts advanced 13,866 1,717
Amounts repaid (2,345 ) (5,913 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,262 (4,259 )

During the year, the director paid interest of £59 (2023: £nil) to the company in relation to his loan account.