2023-04-012024-03-312024-03-31false09477593HUDSON WEIR 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HUDSON WEIR LTD

Registered Number
09477593
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

HUDSON WEIR LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

HOWLADER, Hasib Reza
PATEL, Nimish Chandrakant

Registered Address

58 Leman Street
London
E1 8EU

Registered Number

09477593 (England and Wales)
HUDSON WEIR LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4151,258130,940
151,258130,940
Current assets
Debtors581,536476,915
Cash at bank and on hand229,329350,171
810,865827,086
Creditors amounts falling due within one year(280,938)(288,914)
Net current assets (liabilities)529,927538,172
Total assets less current liabilities681,185669,112
Creditors amounts falling due after one year(253,834)(312,159)
Provisions for liabilities(24,976)(15,679)
Net assets402,375341,274
Capital and reserves
Called up share capital240240
Profit and loss account402,135341,034
Shareholders' funds402,375341,274
The financial statements were approved and authorised for issue by the Board of Directors on 10 June 2025, and are signed on its behalf by:
HOWLADER, Hasib Reza
Director
PATEL, Nimish Chandrakant
Director

Registered Company No. 09477593
HUDSON WEIR LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the 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
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Vehicles5
Office Equipment4
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year1525
3.Further information regarding the company's income
Administrative expenses for the period include subcontractor and professional fees totalling £558,131. This amount includes £65,927 paid to accountants and other professional advisers in connection with the preparation of statements of affairs for companies entering liquidation.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 23191,785
Additions51,752
At 31 March 24219,755
Depreciation and impairment
At 01 April 2360,845
Charge for year31,434
At 31 March 2468,497
Net book value
At 31 March 24151,258
At 31 March 23130,940