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REGISTERED NUMBER: 04459939 (England and Wales)












Financial Statements

for the Year Ended 31 December 2024

for

HVS (NW) Limited

HVS (NW) Limited (Registered number: 04459939)






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


HVS (NW) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: G E Hartley
C Grossmith
B Grossmith





REGISTERED OFFICE: 2 Heaton Court
Scarisbrick Business Park
Scarisbrick
Ormskirk
L40 8HS





REGISTERED NUMBER: 04459939 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

HVS (NW) Limited (Registered number: 04459939)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,238,153 1,669,272

CURRENT ASSETS
Inventories 25,000 25,000
Debtors 5 787,650 939,760
Cash at bank 588,763 273,201
1,401,413 1,237,961
CREDITORS
Amounts falling due within one year 6 600,551 562,498
NET CURRENT ASSETS 800,862 675,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,039,015

2,344,735

CREDITORS
Amounts falling due after more than one year 7 206,906 14,167
NET ASSETS 2,832,109 2,330,568

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,832,009 2,330,468
SHAREHOLDERS' FUNDS 2,832,109 2,330,568

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 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.

HVS (NW) Limited (Registered number: 04459939)

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 6 May 2025 and were signed on its behalf by:





C Grossmith - Director


HVS (NW) Limited (Registered number: 04459939)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

HVS (NW) 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
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Inventories 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.

HVS (NW) Limited (Registered number: 04459939)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 2,618,019 213,858 2,831,877
Additions 1,209,154 99,370 1,308,524
Disposals (275,178 ) (7,000 ) (282,178 )
At 31 December 2024 3,551,995 306,228 3,858,223
DEPRECIATION
At 1 January 2024 1,038,610 123,995 1,162,605
Charge for year 521,989 37,552 559,541
Eliminated on disposal (96,544 ) (5,532 ) (102,076 )
At 31 December 2024 1,464,055 156,015 1,620,070
NET BOOK VALUE
At 31 December 2024 2,087,940 150,213 2,238,153
At 31 December 2023 1,579,409 89,863 1,669,272

HVS (NW) Limited (Registered number: 04459939)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 242,738 - 242,738
Additions 555,000 99,370 654,370
Transfer to ownership (201,788 ) - (201,788 )
At 31 December 2024 595,950 99,370 695,320
DEPRECIATION
At 1 January 2024 87,385 - 87,385
Charge for year 117,552 19,874 137,426
Transfer to ownership (79,195 ) - (79,195 )
At 31 December 2024 125,742 19,874 145,616
NET BOOK VALUE
At 31 December 2024 470,208 79,496 549,704
At 31 December 2023 155,353 - 155,353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 782,830 939,760
Other debtors 4,820 -
787,650 939,760

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 116,281 24,094
Trade creditors 300,027 256,796
Taxation and social security 170,318 261,373
Other creditors 3,925 10,235
600,551 562,498

HVS (NW) Limited (Registered number: 04459939)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 2,221 14,167
Hire purchase contracts 204,685 -
206,906 14,167