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Company Registration No. 03371863 (England and Wales)
HG Wells Ltd Unaudited accounts for the period from 1 June 2023 to 31 August 2024
HG Wells Ltd Unaudited accounts Contents
Page
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HG Wells Ltd Company Information for the period from 1 June 2023 to 31 August 2024
Directors
Stuart Place Jeanette Place
Company Number
03371863 (England and Wales)
Registered Office
17-19 St Georges Street Norwich Norfolk NR3 1AB United Kingdom
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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HG Wells Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
478,002 
384,051 
Investments
51 
51 
478,053 
384,102 
Current assets
Inventories
2,500 
2,500 
Debtors
95,950 
269,329 
Cash at bank and in hand
206,163 
37,502 
304,613 
309,331 
Creditors: amounts falling due within one year
(453,815)
(348,986)
Net current liabilities
(149,202)
(39,655)
Total assets less current liabilities
328,851 
344,447 
Creditors: amounts falling due after more than one year
(71,516)
(31,865)
Provisions for liabilities
Deferred tax
(67,111)
(49,937)
Net assets
190,224 
262,645 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
190,222 
262,643 
Shareholders' funds
190,224 
262,645 
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by
Stuart Place Director Company Registration No. 03371863
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HG Wells Ltd Notes to the Accounts for the period from 1 June 2023 to 31 August 2024
1
Statutory information
HG Wells Ltd is a private company, limited by shares, registered in England and Wales, registration number 03371863. The registered office is 17-19 St Georges Street, Norwich, Norfolk, NR3 1AB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line Method, No Depreciation
Plant & machinery
25% Reducing Balance Method
Motor vehicles
20% Straight Line Method
Fixtures & fittings
25% Reducing Balance Method
Computer equipment
33% Straight Line Method
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HG Wells Ltd Notes to the Accounts for the period from 1 June 2023 to 31 August 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
133,103 
139,072 
337,378 
320,333 
3,262 
933,148 
Additions
- 
168,481 
9,750 
- 
3,065 
181,296 
Disposals
- 
- 
(27,000)
- 
- 
(27,000)
At 31 August 2024
133,103 
307,553 
320,128 
320,333 
6,327 
1,087,444 
Depreciation
At 1 June 2023
7,128 
45,132 
252,647 
242,391 
1,799 
549,097 
Charge for the period
1,188 
33,892 
18,497 
19,486 
1,892 
74,955 
On disposals
- 
- 
(14,610)
- 
- 
(14,610)
At 31 August 2024
8,316 
79,024 
256,534 
261,877 
3,691 
609,442 
Net book value
At 31 August 2024
124,787 
228,529 
63,594 
58,456 
2,636 
478,002 
At 31 May 2023
125,975 
93,940 
84,731 
77,942 
1,463 
384,051 
5
Investments
Other investments 
£ 
Valuation at 1 June 2023
51 
Valuation at 31 August 2024
51 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,376 
196,348 
Accrued income and prepayments
- 
39,296 
Other debtors
43,017 
33,685 
86,393 
269,329 
Amounts falling due after more than one year
Accrued income and prepayments
9,557 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
39,794 
54,587 
VAT
54,633 
89,144 
Obligations under finance leases and hire purchase contracts
16,531 
- 
Trade creditors
110,057 
75,901 
Taxes and social security
43,594 
29,382 
Other creditors
589 
1,177 
Loans from directors
188,617 
73,017 
Accruals
- 
25,778 
453,815 
348,986 
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HG Wells Ltd Notes to the Accounts for the period from 1 June 2023 to 31 August 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,071 
31,865 
Obligations under finance leases and hire purchase contracts
46,445 
- 
71,516 
31,865 
9
Average number of employees
During the period the average number of employees was 8 (2023: 8).
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