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REGISTERED NUMBER: 08821853 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

HSL (LONDON) LTD

HSL (LONDON) LTD (Registered number: 08821853)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HSL (LONDON) LTD

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M Hallesy





SECRETARY: Mrs J Hallesy





REGISTERED OFFICE: 105 MANOR WAY
RUISLIP
Middlesex
HA4 8HW





REGISTERED NUMBER: 08821853 (England and Wales)






HSL (LONDON) LTD (Registered number: 08821853)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,025 1,965

CURRENT ASSETS
Stocks 53,043 50,032
Debtors 5 25,166 35,007
Cash at bank 5,578 23,217
83,787 108,256
CREDITORS
Amounts falling due within one year 6 108,073 96,068
NET CURRENT (LIABILITIES)/ASSETS (24,286 ) 12,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

739

14,153

CREDITORS
Amounts falling due after more than one
year

7

(19,546

)

(14,166

)

PROVISIONS FOR LIABILITIES (4,126 ) (373 )
NET LIABILITIES (22,933 ) (386 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (23,033 ) (486 )
(22,933 ) (386 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HSL (LONDON) LTD (Registered number: 08821853)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2025 and were signed by:





M Hallesy - Director


HSL (LONDON) LTD (Registered number: 08821853)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

HSL (LONDON) LTD 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.

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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
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.

HSL (LONDON) LTD (Registered number: 08821853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 21,929
Additions 26,258
Disposals (19,990 )
At 31 December 2024 28,197
DEPRECIATION
At 1 January 2024 19,964
Charge for year 1,341
Eliminated on disposal (18,133 )
At 31 December 2024 3,172
NET BOOK VALUE
At 31 December 2024 25,025
At 31 December 2023 1,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 25,166 31,961
Other debtors - 3,046
25,166 35,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 26,936 22,376
Hire purchase contracts 4,101 -
Trade creditors 26,791 42,321
Taxation and social security 6,266 13,981
Other creditors 43,979 17,390
108,073 96,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 4,167 14,166
Hire purchase contracts 15,379 -
19,546 14,166

HSL (LONDON) LTD (Registered number: 08821853)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 19,480 -

9. RELATED PARTY DISCLOSURES

The company owed an amount of £18,878 at the year end date to another UK trading company which is controlled by the company director.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M Hallesy.