REGISTERED NUMBER: 05697631 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HS EUROPE LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mrs J Scott

P Scott

J D Venables

D J A Hayles

SECRETARY:

Mrs J Scott

REGISTERED OFFICE:

2 Manners View

Dodnor Industrial Estate

Newport

Isle of Wight

PO30 5FA

REGISTERED NUMBER:

05697631 (England and Wales)

ACCOUNTANTS:

Bright Brown Limited

Chartered Accountants

Exchange House

St. Cross Lane

Newport

Isle of Wight

PO30 5BZ

FIXED ASSETS

Tangible assets

4

230,426

257,880

Investments

5

2

2

230,428

257,882

CURRENT ASSETS

Stocks

1,125,973

1,224,237

Debtors

6

462,131

616,213

Cash at bank and in hand

2,379,915

1,661,888

3,968,019

3,502,338

CREDITORS

Amounts falling due within one year

7

1,097,047

976,341

NET CURRENT ASSETS

2,870,972

2,525,997

TOTAL ASSETS LESS CURRENT LIABILITIES

3,101,400

2,783,879

PROVISIONS FOR LIABILITIES

57,606

48,997

NET ASSETS

3,043,794

2,734,882

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

3,042,794

2,733,882

SHAREHOLDERS' FUNDS

3,043,794

2,734,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

Mrs J Scott - Director

P Scott - Director

1.	STATUTORY INFORMATION

HS Europe Limited 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

-

33% on cost and 25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

651,539

Additions

56,039

Disposals

(73,089

)

At 31 March 2025

634,489

DEPRECIATION

At 1 April 2024

393,659

Charge for year

64,276

Eliminated on disposal

(53,872

)

At 31 March 2025

404,063

NET BOOK VALUE

At 31 March 2025

230,426

At 31 March 2024

257,880

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

258,222

360,397

Amounts recoverable on contract

158,435

224,040

Other debtors

45,474

31,776

462,131

616,213

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

367,820

337,835

Taxation and social security

263,326

249,734

Other creditors

465,901

388,772

1,097,047

976,341

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

71,320

69,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mrs J Scott

Balance outstanding at start of year

88

-

Amounts advanced

-

88

Amounts repaid

(88

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

88

P Scott

Balance outstanding at start of year

799

-

Amounts advanced

-

799

Amounts repaid

(799

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

799