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
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
HG Wells Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
478,002
384,051
Cash at bank and in hand
206,163
37,502
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
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
HG Wells Ltd
Notes to the Accounts
for the period from 1 June 2023 to 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
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
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
Amounts falling due within one year
Trade debtors
43,376
196,348
Accrued income and prepayments
-
39,296
Other debtors
43,017
33,685
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
Obligations under finance leases and hire purchase contracts
16,531
-
Trade creditors
110,057
75,901
Taxes and social security
43,594
29,382
Loans from directors
188,617
73,017
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
Obligations under finance leases and hire purchase contracts
46,445
-
9
Average number of employees
During the period the average number of employees was 8 (2023: 8).