IRIS Accounts Production v25.1.3.33 00916832 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false Fair value model Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009168322023-10-31009168322024-10-31009168322023-11-012024-10-31009168322022-10-31009168322022-11-012023-10-31009168322023-10-3100916832ns15:EnglandWales2023-11-012024-10-3100916832ns14:PoundSterling2023-11-012024-10-3100916832ns10:Director12023-11-012024-10-3100916832ns10:Director22023-11-012024-10-3100916832ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3100916832ns10:SmallEntities2023-11-012024-10-3100916832ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3100916832ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3100916832ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3100916832ns10:FullAccounts2023-11-012024-10-3100916832ns10:OrdinaryShareClass12023-11-012024-10-3100916832ns10:CompanySecretary12023-11-012024-10-3100916832ns10:RegisteredOffice2023-11-012024-10-3100916832ns5:CurrentFinancialInstruments2024-10-3100916832ns5:CurrentFinancialInstruments2023-10-3100916832ns5:Non-currentFinancialInstruments2024-10-3100916832ns5:Non-currentFinancialInstruments2023-10-3100916832ns5:ShareCapital2024-10-3100916832ns5:ShareCapital2023-10-3100916832ns5:CapitalRedemptionReserve2024-10-3100916832ns5:CapitalRedemptionReserve2023-10-3100916832ns5:RetainedEarningsAccumulatedLosses2024-10-3100916832ns5:RetainedEarningsAccumulatedLosses2023-10-3100916832ns5:PlantMachinery2023-10-3100916832ns5:FurnitureFittings2023-10-3100916832ns5:PlantMachinery2023-11-012024-10-3100916832ns5:FurnitureFittings2023-11-012024-10-3100916832ns5:PlantMachinery2024-10-3100916832ns5:FurnitureFittings2024-10-3100916832ns5:PlantMachinery2023-10-3100916832ns5:FurnitureFittings2023-10-3100916832ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3100916832ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3100916832ns5:CurrentFinancialInstruments2023-11-012024-10-3100916832ns10:OrdinaryShareClass12024-10-3100916832ns5:RetainedEarningsAccumulatedLosses2023-10-3100916832ns5:CapitalRedemptionReserve2023-10-3100916832ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-31
REGISTERED NUMBER: 00916832 (England and Wales)















H.S.DEV & COMPANY LIMITED

Unaudited Financial Statements

for the Year Ended 31 October 2024






H.S.DEV & COMPANY LIMITED (REGISTERED NUMBER: 00916832)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H.S.DEV & COMPANY LIMITED

Company Information
for the year ended 31 October 2024







Directors: M S Dev
A S Dev





Secretary: M S Dev





Registered office: 89 Park Street
Slough
Berkshire
SL1 1PX





Registered number: 00916832 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

H.S.DEV & COMPANY LIMITED (REGISTERED NUMBER: 00916832)

Balance Sheet
31 October 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 26,939 3,722
Investment property 5 900,000 900,000
926,939 903,722

Current assets
Debtors 6 132,413 330,171
Cash at bank 164,993 -
297,406 330,171
Creditors
Amounts falling due within one year 7 (2,030,490 ) (2,186,631 )
Net current liabilities (1,733,084 ) (1,856,460 )
Total assets less current liabilities (806,145 ) (952,738 )

Creditors
Amounts falling due after more than one
year

8

(33,078

)

(38,450

)

Provisions for liabilities (4,318 ) (4,318 )
Net liabilities (843,541 ) (995,506 )

Capital and reserves
Called up share capital 9 5,000 5,000
Capital redemption reserve 10 5,000 5,000
Retained earnings 10 (853,541 ) (1,005,506 )
Shareholders' funds (843,541 ) (995,506 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

H.S.DEV & COMPANY LIMITED (REGISTERED NUMBER: 00916832)

Balance Sheet - continued
31 October 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 29 May 2025 and were signed on its behalf by:




A S Dev - Director



M S Dev - Director


H.S.DEV & COMPANY LIMITED (REGISTERED NUMBER: 00916832)

Notes to the Financial Statements
for the year ended 31 October 2024


1. Statutory information

H.S.Dev & Company 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments.

Turnover
Turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery-25% reducing balance
Motor vehicles-25% reducing balance
Fixtures and fittings-25% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

Financial instruments
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments.

Areas in the accounts which include judgements and estimates include:

Bad debt provision: There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Depreciation: The company's tangible assets are depreciated on a reducing balance basis over their useful economic lives. Management reviews the appropriateness of assets' useful economic lives at least annually and any changes could affect prospective depreciation rates and asset carrying values.


H.S.DEV & COMPANY LIMITED (REGISTERED NUMBER: 00916832)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


2. Accounting policies - continued
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.

Going concern
The company meets its day to day working capital requirements, through its ongoing overdraft facility and support of directors. On the basis of forecast future cashflows and the expected future trading of the company in the foreseeable future, the directors consider that the company will continue to operate within the facility currently agreed. However the margin of facilities over requirement is not large and inherently, there can be no certainty in relation to these matters. The financial statements do not include any adjustments that would result in a withdrawal of the overdraft facility.

3. Employees and directors

The average number of employees during the year was 6 (2023 - 5 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 November 2023 360,220 15,398 375,618
Additions 25,666 - 25,666
At 31 October 2024 385,886 15,398 401,284
Depreciation
At 1 November 2023 356,498 15,398 371,896
Charge for year 2,449 - 2,449
At 31 October 2024 358,947 15,398 374,345
Net book value
At 31 October 2024 26,939 - 26,939
At 31 October 2023 3,722 - 3,722

H.S.DEV & COMPANY LIMITED (REGISTERED NUMBER: 00916832)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


5. Investment property
Total
£
Fair value
At 1 November 2023
and 31 October 2024 900,000
Net book value
At 31 October 2024 900,000
At 31 October 2023 900,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 132,413 290,625
Other debtors - 39,546
132,413 330,171

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 70,829
Trade creditors 21,035 31,476
Taxation and social security 12,212 4,403
Other creditors 1,997,243 2,079,923
2,030,490 2,186,631

Both the bank overdraft and bank loan are secured by floating charge over the stock of the company and a fixed charge over the property of the company. The directors have also provided security for the loans in their personal capacity.

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 33,078 38,450

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 11,891 17,263

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
5,000 Ordinary Shares £1 5,000 5,000

H.S.DEV & COMPANY LIMITED (REGISTERED NUMBER: 00916832)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


10. Reserves
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 November 2023 (1,005,506 ) 5,000 (1,000,506 )
Profit for the year 151,965 151,965
At 31 October 2024 (853,541 ) 5,000 (848,541 )

11. Directors' advances, credits and guarantees

At the year end £1,928,727 (2023: £2,011,978) was due to the directors and close family.

12. Related party disclosures

Except for those disclosures in note 12 to the accounts, there are no related party transactions which qualify for disclosure in the year (2023 - none)