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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
Page
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HSL Direct Limited Company Information for the year ended 31 August 2024
Director
R Linford
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
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HSL Direct Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,250 
24,435 
Current assets
Inventories
30,457 
49,139 
Debtors
17,594 
6,492 
48,051 
55,631 
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)
Net assets
9,885 
30,761 
Capital and reserves
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
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HSL Direct Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
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HSL Direct Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
83,195 
At 31 August 2024
83,195 
Depreciation
At 1 September 2023
58,760 
Charge for the year
7,185 
At 31 August 2024
65,945 
Net book value
At 31 August 2024
17,250 
At 31 August 2023
24,435 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
30,457 
49,139 
30,457 
49,139 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,594 
6,492 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
16,268 
20,718 
VAT
4,170 
1,319 
Taxes and social security
11,934 
11,105 
Other creditors
1,750 
1,750 
Loans from directors
15,200 
5,000 
Accruals
2,880 
2,400 
52,202 
42,292 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,214 
7,013 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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HSL Direct Limited Notes to the Accounts for the year ended 31 August 2024
10
Controlling party
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).
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