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REGISTERED NUMBER: 07297236 (England and Wales)















H & G FOOTWEAR LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2024






H & G FOOTWEAR LIMITED (REGISTERED NUMBER: 07297236)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H & G FOOTWEAR LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S C Whale
Mrs C E Whale





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 07297236 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

H & G FOOTWEAR LIMITED (REGISTERED NUMBER: 07297236)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,956 9,403

CURRENT ASSETS
Stocks 106,433 59,489
Debtors 5 75,000 -
Prepayments and accrued income 11,263 4,000
Cash at bank and in hand 114,353 308,820
307,049 372,309
CREDITORS
Amounts falling due within one year 6 137,041 129,276
NET CURRENT ASSETS 170,008 243,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,964

252,436

CREDITORS
Amounts falling due after more than one
year

7

(13,759

)

(27,259

)

PROVISIONS FOR LIABILITIES (5,239 ) -
NET ASSETS 171,966 225,177

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 171,866 225,077
SHAREHOLDERS' FUNDS 171,966 225,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 & G FOOTWEAR LIMITED (REGISTERED NUMBER: 07297236)

Balance Sheet - continued
30 September 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 12 June 2025 and were signed on its behalf by:





S C Whale - Director


H & G FOOTWEAR LIMITED (REGISTERED NUMBER: 07297236)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

H & G Footwear 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

H & G FOOTWEAR LIMITED (REGISTERED NUMBER: 07297236)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 9,702 248 17,975 27,925
Additions - 14,614 - 14,614
At 30 September 2024 9,702 14,862 17,975 42,539
DEPRECIATION
At 1 October 2023 2,748 108 15,666 18,522
Charge for year 1,043 1,256 762 3,061
At 30 September 2024 3,791 1,364 16,428 21,583
NET BOOK VALUE
At 30 September 2024 5,911 13,498 1,547 20,956
At 30 September 2023 6,954 140 2,309 9,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 75,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,000 16,000
Trade creditors 29,792 4,580
Social security and other taxes 84,205 102,329
Other creditors 542 304
Directors' current accounts - 313
Accrued expenses 6,502 5,750
137,041 129,276

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 13,759 16,000
Bank loans - 2-5 years - 11,259
13,759 27,259

H & G FOOTWEAR LIMITED (REGISTERED NUMBER: 07297236)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
S C Whale and Mrs C E Whale
Balance outstanding at start of year - -
Amounts advanced 75,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 75,000 -