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Registered number: 12973402
HH Roadside Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12973402
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,941 61,180
55,941 61,180
CURRENT ASSETS
Stocks 5 14,946 -
Debtors 6 30,160 66,205
Cash at bank and in hand 36,887 20,747
81,993 86,952
Creditors: Amounts Falling Due Within One Year 7 (333,775 ) (323,755 )
NET CURRENT ASSETS (LIABILITIES) (251,782 ) (236,803 )
TOTAL ASSETS LESS CURRENT LIABILITIES (195,841 ) (175,623 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 - (11,624 )
NET LIABILITIES (195,841 ) (187,247 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement (195,843 ) (187,249 )
SHAREHOLDERS' FUNDS (195,841) (187,247)
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr J J Pollock
Director
06/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
HH Roadside Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12973402 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of 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 beenprepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting polices adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33.33% Straight line
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Taxation for the period 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 statement of financial position date.
Deferred Tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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2.8. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors,creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
2.9. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.10. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure 
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 24 23
24 23
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 91,837 2,485 9,044 103,366
Additions - 3,424 2,348 5,772
As at 31 October 2024 91,837 5,909 11,392 109,138
Depreciation
As at 1 November 2023 34,119 401 7,666 42,186
Provided during the period 8,658 826 1,527 11,011
As at 31 October 2024 42,777 1,227 9,193 53,197
Net Book Value
As at 31 October 2024 49,060 4,682 2,199 55,941
As at 1 November 2023 57,718 2,084 1,378 61,180
5. Stocks
2024 2023
£ £
Finished goods 14,946 -
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6. Debtors
2024 2023
£ £
Due within one year
Other debtors 30,160 66,205
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 49,802 46,288
Other loans 120,999 120,999
Other creditors 104,299 79,910
Taxation and social security 58,675 76,558
333,775 323,755
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences - 11,624
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
The nominal value per share is £1 and as at year end there are 2 Ordinary shares in issue.
10. Other Commitments
Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Not later than one year 82,896 76,066
Later than one year and not later than five years 309,832 292,000
Later than five years - 66,917
392,728 434,983
11. Pension Commitments
The company operates a defined contribution pension scheme for staff. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £629 were due to the fund. They are included in creditors and shown seperatly.
12. Related Party Transactions
As at the year end, the company owed it's shareholders £74,172. This amount is a current liability, interest free and repayable on demand.
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