Registration number: SC496960

HCH Express Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

HCH Express Ltd

(Registration number: SC496960)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,586	1,762
Current assets
Debtors	5	12,774	11,970
Cash at bank and in hand		524	721
		13,298	12,691
Creditors: Amounts falling due within one year	6	(137,410)	(135,470)
Net current liabilities		(124,112)	(122,779)
Total assets less current liabilities		(122,526)	(121,017)
Creditors: Amounts falling due after more than one year	6	(12,626)	(15,142)
Net liabilities		(135,152)	(136,159)
Capital and reserves
Called up share capital		1	1
Retained earnings		(135,153)	(136,160)
Shareholders' deficit		(135,152)	(136,159)

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 members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 26 September 2025
 

......................................... Mr Jonathan Horne Director

HCH Express Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
22-26 Seagate
Dundee
DD1 2EQ
Scotland

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	10% reducing balance
Equipment	10% reducing balance

Amortisation

Asset class	Amortisation method and rate
Leasehold Asset	10% straight line

HCH Express Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2023 - 2).

HCH Express Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 January 2024	3,500	3,500
At 31 December 2024	3,500	3,500
Depreciation
At 1 January 2024	1,738	1,738
Charge for the year	176	176
At 31 December 2024	1,914	1,914
Carrying amount
At 31 December 2024	1,586	1,586
At 31 December 2023	1,762	1,762

5

Debtors

	Note	2024 £	2023 £
Amounts owed by related parties	7	11,435	11,435
Other debtors		1,339	535
		12,774	11,970

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		19,379	19,215
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest	7	111,189	107,826
Taxation and social security		5,825	5,824
Accruals and deferred income		995	950
Other creditors		22	1,655
		137,410	135,470

HCH Express Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7	Related party transactions

Transactions with the Director

2024	At 1 January 2024 £	Advances to Director £	At 31 December 2024 £
Mr Jonathan Horne
	(1,632)	2,750	1,118

2023	At 1 January 2023 £	Repayments by Director £	At 31 December 2023 £
Mr Jonathan Horne
	956	(2,589)	(1,632)