Company No: 07660173 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

D L Guise

Registered office	2nd Floor 168 Shoreditch High Street
	E1 6RA
	London
	United Kingdom

Company number

07660173 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2024		2023
		£		£
Current assets
Debtors	4	173,132		116,739
		173,132		116,739
Creditors: amounts falling due within one year	6	( 114,947)		( 97,370)
Net current assets		58,185		19,369
Total assets less current liabilities		58,185		19,369
Creditors: amounts falling due after more than one year	7	( 3,650)		( 14,298)
Net assets		54,535		5,071
Capital and reserves
Called-up share capital	8	1		1
Profit and loss account		54,534		5,070
Total shareholder's funds		54,535		5,071

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of HSL Assured Limited (registered number: 07660173) were approved and authorised for issue by the Director on 22 September 2025. They were signed on its behalf by:

D L Guise Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

HSL Assured Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor 168 Shoreditch High Street, E1 6RA, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	12,090		12,090
At 31 December 2024	12,090		12,090
Accumulated depreciation
At 01 January 2024	12,090		12,090
At 31 December 2024	12,090		12,090
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Debtors

	2024		2023
	£		£
Trade debtors	0		( 843)
Amounts owed by Group undertakings	( 19,901)		18,442
Prepayments and accrued income	49,380		23,135
Other debtors	143,653		76,005
	173,132		116,739

5. Cash and cash equivalents

	2024		2023
	£		£
Less: Bank overdrafts	( 30,292)		( 29,682)

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans and overdrafts	40,688		40,330
Trade creditors	11,390		29,690
Accruals	4,560		4,560
Corporation tax	136		136
Other taxation and social security	0		828
Other creditors	58,173		21,826
	114,947		97,370

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	3,650		14,298

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1 ordinary share of £ 1.00 (2023: - shares of 0 each)	1		0

9. Related party transactions

At the year end the company owed Healthscanlife Limited, the parent company, £19,900.83 (2023: -£18,441 ).

10. Loans

Analysis of maturity of loans is given below:

	2024		2023
	£		£
Bank Loans falling due within one year	10,648		10,648
Bank Loans falling due 1-2 years	3,650		10,648
Bank Loans falling due 2-5 years	0		3,650
	14,298		24,946

11. Ultimate controlling party

The company is under the control of Healthscanlife Limited who owns 100% of the shares in HSL Assured Limited.