Company Registration No. 9161161 (England and Wales)
HSL Direct Limited
Unaudited accounts
for the year ended 31 August 2024
HSL Direct Limited
Unaudited accounts
Contents
HSL Direct Limited
Company Information
for the year ended 31 August 2024
Company Number
9161161 (England and Wales)
Registered Office
Unit 6 i2 Centre
Hamilton Court
Mansfield
Nottingham
NG18 5FB
Accountants
Taylor Accountancy Ltd
2 Lynmoor Court
Hucknall
Nottingham
NG15 8FT
HSL Direct Limited
Statement of financial position
as at 31 August 2024
Tangible assets
17,250
24,435
Creditors: amounts falling due within one year
(52,202)
(42,292)
Net current (liabilities)/assets
(4,151)
13,339
Total assets less current liabilities
13,099
37,774
Creditors: amounts falling due after more than one year
(3,214)
(7,013)
Called up share capital
100
100
Profit and loss account
9,785
30,661
Shareholders' funds
9,885
30,761
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 May 2025 and were signed on its behalf by
R Linford
Director
Company Registration No. 9161161
HSL Direct Limited
Notes to the Accounts
for the year ended 31 August 2024
HSL Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 9161161. The registered office is Unit 6 i2 Centre, Hamilton Court, Mansfield, Nottingham, NG18 5FB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
30% reducing balance
Motor vehicles
25% reducing balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
HSL Direct Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
At 1 September 2023
83,195
At 1 September 2023
58,760
Finished goods
30,457
49,139
Amounts falling due within one year
Trade debtors
17,594
6,492
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
16,268
20,718
Taxes and social security
11,934
11,105
Other creditors
1,750
1,750
Loans from directors
15,200
5,000
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Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
HSL Direct Limited
Notes to the Accounts
for the year ended 31 August 2024
The company was in control throughout the year by Ricky Linford, the director and shareholder.
11
Average number of employees
During the year the average number of employees was 5 (2023: 5).