Registered number
SC334518
Hands on Business Support Limited
Filleted Accounts
for the year ended 31 March 2025
Hands on Business Support Limited
Registered number: SC334518
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 17,064 17,962
Tangible assets 4 408 481
17,472 18,443
Current assets
Cash at bank and in hand 2,783 2,996
Creditors: amounts falling due within one year 5 (33,478) (33,798)
Net current liabilities (30,695) (30,802)
Net liabilities (13,223) (12,359)
Capital and reserves
Called up share capital 1 1
Profit and loss account (13,224) (12,360)
Shareholder's funds (13,223) (12,359)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christine McGrory
Director
Approved by the board on 4 August 2025
Hands on Business Support Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing balance
Fixtures and fittings 15% Reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 40,000
At 31 March 2025 40,000
Amortisation
At 1 April 2024 22,038
Provided during the year 898
At 31 March 2025 22,936
Net book value
At 31 March 2025 17,064
At 31 March 2024 17,962
Goodwill is being written off at 5% reducing balance.
4 Tangible fixed assets
Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 1 April 2024 1,488 3,451 4,939
At 31 March 2025 1,488 3,451 4,939
Depreciation
At 1 April 2024 1,260 3,199 4,459
Charge for the year 27 45 72
At 31 March 2025 1,287 3,244 4,531
Net book value
At 31 March 2025 201 207 408
At 31 March 2024 228 252 480
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors < 1 year 675 675
Other loans < 1 year 13,237 16,228
Employer's Pension Contributions 34 -
Other taxes and social security costs (88) (88)
Accruals 800 308
Director's account 18,820 16,675
Corporation tax - -
33,478 33,798
6 Profit and loss account 2025
£
At 1 April 2023 (12,360)
Profit/(loss) for the year (864)
Dividend -
At 31 March 2024 (13,224)
7 Related party transactions
Included within the creditors at the year end is £18,820 (2024: £16,675) due to C McGrory, the company director. During the period the company paid £25,425 of expenses on behalf of the director and the director introduced £27,570.
8 Controlling party
The ultimate controlling party is the sole director and shareholder Ms Christine McGrory.
9 Other information
Hands on Business Support Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
3/2 162 Main Street
Rutherglen
Glasgow
G73 2HW
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