Hold Fast Elite Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC708827

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		583		1,983
Tangible Assets	5		4,198		8,489

			4,781		10,472
CURRENT ASSETS
Stocks	6	104		104
Debtors	7	-		74
Cash at bank and in hand		50		235

		154		413
Creditors: Amounts Falling Due Within One Year	8	(54,648 )		(57,239 )

NET CURRENT ASSETS (LIABILITIES)			(54,494 )		(56,826 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(49,713 )		(46,354 )

NET LIABILITIES			(49,713 )		(46,354 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Share premium account			21,000		-
Profit and Loss Account			(70,715 )		(46,356 )

SHAREHOLDERS' FUNDS			(49,713)		(46,354)

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Hold Fast Elite Ltd

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Robert Hinton

Director

26th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hold Fast Elite Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC708827 . The registered office is 115/10 Buccleuch Street, Edinburgh, EH8 9NG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10-33% Straight Line
Fixtures & Fittings	10-33% Straight Line
Computer Equipment	10-33% Straight Line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Hold Fast Elite Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2023	4,200

As at 30 September 2024	4,200

Amortisation
As at 1 October 2023	2,217
Provided during the period	1,400

As at 30 September 2024	3,617

Net Book Value
As at 30 September 2024	583

As at 1 October 2023	1,983

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 October 2023	19,559	169	19,728
Additions	2,372	-	2,372

As at 30 September 2024	21,931	169	22,100

Depreciation
As at 1 October 2023	11,136	103	11,239
Provided during the period	6,606	57	6,663

As at 30 September 2024	17,742	160	17,902

Net Book Value
As at 30 September 2024	4,189	9	4,198

As at 1 October 2023	8,423	66	8,489

6. Stocks

	2024	2023
	£	£
Stock	104	104

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Hold Fast Elite Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	72
Other debtors	-	2

	-	74

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	4,475	3,488
Other taxes and social security	88	59
Other creditors	49,241	48,640
Accruals and deferred income	844	766
Director's loan account	-	4,286

	54,648	57,239

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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