Company registration number 06499251 (England and Wales)
HSA MANUFACTURING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
HSA MANUFACTURING LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
HSA Manufacturing Ltd
HSA MANUFACTURING LTD
Statement of financial position
as at 31 January 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
135,670
132,624
Current assets
Stocks
42,471
42,660
Debtors
91,546
170,667
Cash at bank and in hand
82,440
66,532
216,457
279,859
Creditors: amounts falling due within one year
(149,320)
(179,204)
Net current assets
67,137
100,655
Total assets less current liabilities
202,807
233,279
Creditors: amounts falling due after more than one year
(70,870)
(68,371)
Provisions for liabilities
4
(33,918)
(25,199)
Net assets
98,019
139,709
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
97,019
138,709
Total equity
98,019
139,709
HSA Manufacturing Ltd
HSA MANUFACTURING LTD
Statement of financial position (CONTINUED)
as at 31 January 2025
31 January 2025
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 13 May 2025 and are signed on its behalf by:
C Jack
Director
Company Registration No. 06499251
HSA Manufacturing Ltd
HSA MANUFACTURING LTD
Notes to the financial statements
for the year ended 31 January 2025
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principle accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services to the customer.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% reducing balance
Motor vehicles
25% reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is recognised on all timing differences between the carrying amount of liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
HSA Manufacturing Ltd
HSA MANUFACTURING LTD
Notes to the financial statements (CONTINUED)
for the year ended 31 January 2025
1
Accounting policies
(Continued)
- 4 -
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligation under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period,
Rentals payable under operating leases are charged on a straight line basis over the lease term.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 18 (2024 - 18).
3
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 February 2024
238,468
77,934
316,402
Additions
38,597
38,597
At 31 January 2025
238,468
116,531
354,999
Depreciation
At 1 February 2024
173,963
9,815
183,778
Depreciation charged in the year
9,676
25,875
35,551
At 31 January 2025
183,639
35,690
219,329
Carrying amount
At 31 January 2025
54,829
80,841
135,670
At 31 January 2024
64,505
68,119
132,624
4
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
33,918
25,199
HSA Manufacturing Ltd
HSA MANUFACTURING LTD
Notes to the financial statements (CONTINUED)
for the year ended 31 January 2025
- 5 -
5
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2025
2024
£
£
195,417
230,417
6
Parent company
The company's ultimate parent undertaking is Jack Lister Limited, a company incorporated in England and Wales whose registered office is situated at Units 11/13/14, Victoria Mills, Mill Street East, Dewsbury, West Yorkshire, WF12 9AQ.