REGISTERED NUMBER: 11008639 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Hawk Abseiling Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

M Bates

REGISTERED OFFICE:

Ailsa Craig

Talbot Road

Hawkhurst

TN18 4NB

REGISTERED NUMBER:

11008639 (England and Wales)

ACCOUNTANTS:

Henry Reeves & Co Limited

Chartered Certified Accountants

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

44,640

15,531

44,640

15,531

CURRENT ASSETS

Debtors

6

105,667

21,914

Cash at bank

1,101

303

106,768

22,217

CREDITORS

Amounts falling due within one year

7

32,559

(68,174

)

NET CURRENT ASSETS

74,209

90,391

TOTAL ASSETS LESS CURRENT LIABILITIES

118,849

105,922

CREDITORS

Amounts falling due after more than one year

8

(48,841

)

-

PROVISIONS FOR LIABILITIES

(6,213

)

-

NET ASSETS

63,795

105,922

CAPITAL AND RESERVES

Called up share capital

115

100

Retained earnings

63,680

105,822

63,795

105,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 October 2025 and were signed by:

M Bates - Director

1.	STATUTORY INFORMATION

Hawk Abseiling 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net asses acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

31,099

AMORTISATION

At 1 November 2023

and 31 October 2024

31,099

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

43,378

Additions

43,990

At 31 October 2024

87,368

DEPRECIATION

At 1 November 2023

27,847

Charge for year

14,881

At 31 October 2024

42,728

NET BOOK VALUE

At 31 October 2024

44,640

At 31 October 2023

15,531

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

43,990

At 31 October 2024

43,990

DEPRECIATION

Charge for year

10,998

At 31 October 2024

10,998

NET BOOK VALUE

At 31 October 2024

32,992

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

20,240

5,721

Other debtors

85,427

16,193

105,667

21,914

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,507

-

Hire purchase contracts

8,348

-

Taxation and social security

9,373

(149,859

)

Other creditors

7,331

81,685

32,559

(68,174

)

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

31,104

-

Hire purchase contracts

17,737

-

48,841

-

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is £16,520 (2023: £NIL) owed to the company by Mr Matthew Bates, the director and a shareholder of the company. This loan is unsecured, interest free and repayable on demand.