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REGISTERED NUMBER: SC573698 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

HSS (U.K.) LTD

HSS (U.K.) LTD (REGISTERED NUMBER: SC573698)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HSS (U.K.) LTD

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: F Ferguson





REGISTERED OFFICE: 81 Mulben Crescent
Glasgow
G53 7EJ





REGISTERED NUMBER: SC573698 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

HSS (U.K.) LTD (REGISTERED NUMBER: SC573698)

Balance Sheet
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,082 8,944

CURRENT ASSETS
Stocks 1,468 1,833
Debtors 5 19,659 6,013
Cash at bank 30,713 30,054
51,840 37,900
CREDITORS
Amounts falling due within one year 6 21,647 19,336
NET CURRENT ASSETS 30,193 18,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,275

27,508

CREDITORS
Amounts falling due after more than one
year

7

1,875

4,375
NET ASSETS 38,400 23,133

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 38,380 23,113
38,400 23,133

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 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.

HSS (U.K.) LTD (REGISTERED NUMBER: SC573698)

Balance Sheet - continued
31 AUGUST 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 director and authorised for issue on 10 April 2025 and were signed by:





F Ferguson - Director


HSS (U.K.) LTD (REGISTERED NUMBER: SC573698)

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

1. STATUTORY INFORMATION

HSS (U.K.) Ltd is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 25% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis

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.

HSS (U.K.) LTD (REGISTERED NUMBER: SC573698)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 2,660 13,345 16,005
Additions - 4,500 4,500
At 31 August 2024 2,660 17,845 20,505
DEPRECIATION
At 1 September 2023 1,538 5,523 7,061
Charge for year 281 3,081 3,362
At 31 August 2024 1,819 8,604 10,423
NET BOOK VALUE
At 31 August 2024 841 9,241 10,082
At 31 August 2023 1,122 7,822 8,944

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,593 4,679
Other debtors 1,066 1,334
19,659 6,013

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,500 2,500
Trade creditors 3,924 6,815
Taxation and social security 13,737 8,562
Other creditors 1,486 1,459
21,647 19,336

HSS (U.K.) LTD (REGISTERED NUMBER: SC573698)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,875 4,375