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HSHF LTD

Registered Number
SC668868
(Scotland)

Unaudited Financial Statements for the Year ended
31 July 2024

HSHF LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

Scott Galloway
Shona Galloway

Registered Address

86 High Street
Markinch
Glenrothes
KY7 6DQ

Registered Number

SC668868 (Scotland)
HSHF LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets31,9503,250
Tangible assets45,5854,110
7,5357,360
Current assets
Debtors519,30710,486
Cash at bank and on hand32,4277,467
51,73417,953
Creditors amounts falling due within one year6(41,401)(24,340)
Net current assets (liabilities)10,333(6,387)
Total assets less current liabilities17,868973
Creditors amounts falling due after one year7(16,667)-
Provisions for liabilities(1,098)(781)
Net assets103192
Capital and reserves
Called up share capital100100
Profit and loss account392
Shareholders' funds103192
The financial statements were approved and authorised for issue by the Board of Directors on 9 December 2024, and are signed on its behalf by:
Scott Galloway
Director
Shona Galloway
Director

Registered Company No. SC668868
HSHF LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting 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 period 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.
Intangible assets
Intangible assets relate to franchise fees and are being amortised over 5 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year33
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 August 236,5006,500
At 31 July 246,5006,500
Amortisation and impairment
At 01 August 233,2503,250
Charge for year1,3001,300
At 31 July 244,5504,550
Net book value
At 31 July 241,9501,950
At 31 July 233,2503,250
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 August 233,5422,5356,077
Additions-2,4022,402
At 31 July 243,5424,9378,479
Depreciation and impairment
At 01 August 238231,1441,967
Charge for year544383927
At 31 July 241,3671,5272,894
Net book value
At 31 July 242,1753,4105,585
At 31 July 232,7191,3914,110
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables9,9605,280
Other debtors5,6784,127
Prepayments and accrued income3,6691,079
Total19,30710,486
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7,0454,361
Taxation and social security20,53415,416
Other creditors8,628119
Accrued liabilities and deferred income5,1944,444
Total41,40124,340
There is standard security over the loan.
7.Creditors: amounts due after one year

2024

2023

££
Other creditors16,667-
Total16,667-
8.Other commitments
Minimum lease payments under non-cancellable operating leases fall due as follows: 2024 £10,435 (2023 £7,380).