HG COMPUTERS (EU) LTD


Director	Peter Husar


Registered Address	G/R, 4
	Baxter Park Terrace
	Dundee
	DD4 6NL


Registered Number	SC468330 (Scotland)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Debtors	5	789		207
Cash at bank and on hand		314		-
		1,103		207
Creditors amounts falling due within one year	6	(10,406)		(4,943)
Net current assets (liabilities)			(9,303)		(4,736)
Total assets less current liabilities			(9,303)		(4,736)
Net assets			(9,303)		(4,736)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(9,403)		(4,836)
Shareholders' funds			(9,303)		(4,736)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 August 2025, and are signed on its behalf by:

Peter Husar
Director
Registered Company No. SC468330

HG COMPUTERS (EU) LTD

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the director who has confirmed he will not withdraw his directors loan account to the detriment of other creditors and will continue to support the company as required.

Going concern

The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the director who has confirmed he will not withdraw his directors loan account to the detriment of other creditors and will continue to support the company as required.

	Turnover policy
	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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Development costs are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Development costs are being amortised evenly over their estimated useful life of three years after production commences.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 February 24	10,004	10,004
Disposals	(6,728)	(6,728)
At 31 January 25	3,276	3,276
Amortisation and impairment
At 01 February 24	10,004	10,004
On disposals	(6,728)	(6,728)
At 31 January 25	3,276	3,276
Net book value
At 31 January 25	-	-
At 31 January 24	-	-

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 February 24	1,071	1,071
Disposals	(798)	(798)
At 31 January 25	273	273
Depreciation and impairment
At 01 February 24	1,071	1,071
On disposals	(798)	(798)
At 31 January 25	273	273
Net book value
At 31 January 25	-	-
At 31 January 24	-	-

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	337	207
Prepayments and accrued income	452	-
Total	789	207

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	168
Other creditors	9,531	3,880
Accrued liabilities and deferred income	875	895
Total	10,406	4,943