REGISTERED NUMBER: 11703657 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

HSN ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H Nagi

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

11703657 (England and Wales)

FIXED ASSETS

Tangible assets

4

19,779

23,352

CURRENT ASSETS

Debtors

5

28,000

28,000

Cash at bank and in hand

22,958

18,886

50,958

46,886

CREDITORS

Amounts falling due within one year

6

27,404

26,124

NET CURRENT ASSETS

23,554

20,762

TOTAL ASSETS LESS CURRENT LIABILITIES

43,333

44,114

CREDITORS

Amounts falling due after more than one year

7

11,850

18,599

NET ASSETS

31,483

25,515

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

30,483

24,515

SHAREHOLDERS' FUNDS

31,483

25,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 26 November 2025 and were signed by:

H Nagi - Director

1.	STATUTORY INFORMATION

HSN Engineering 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

10% on Cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2023

12,809

1,207

21,325

-

35,341

Additions

-

443

-

400

843

At 30 November 2024

12,809

1,650

21,325

400

36,184

DEPRECIATION

At 1 December 2023

3,606

366

8,017

-

11,989

Charge for year

921

128

3,327

40

4,416

At 30 November 2024

4,527

494

11,344

40

16,405

NET BOOK VALUE

At 30 November 2024

8,282

1,156

9,981

360

19,779

At 30 November 2023

9,203

841

13,308

-

23,352

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/24

30/11/23

£

£

Other debtors

28,000

28,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/24

30/11/23

£

£

Trade creditors

1,485

1,911

Tax

19,126

18,472

Social security and other taxes

1,847

1,657

VAT

3,798

3,054

Directors' current accounts

48

10

Accrued expenses

1,100

1,020

27,404

26,124

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/24

30/11/23

£

£

Bank loans (see note 8)

6,708

10,210

Hire purchase contracts

5,142

8,389

11,850

18,599

8.

LOANS

An analysis of the maturity of loans is given below:

30/11/24

30/11/23

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

6,708

10,210

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/24

30/11/23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.

RESERVES

Retained

earnings

£

At 1 December 2023

24,515

Profit for the year

32,018

Dividends

(26,050

)

At 30 November 2024

30,483

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £26,050 (2023 - £17,500) were paid to the director .