REGISTERED NUMBER: SC279176 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HSC FUTURES LTD

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

79,556

87,812

CURRENT ASSETS

Stocks

7,285

-

Debtors

132,349

135,420

Cash at bank and in hand

72,340

107,743

211,974

243,163

CREDITORS

Amounts falling due within one year

96,315

91,173

NET CURRENT ASSETS

115,659

151,990

TOTAL ASSETS LESS CURRENT LIABILITIES

195,215

239,802

CREDITORS

Amounts falling due after more than one year

(7,909

)

(17,850

)

PROVISIONS FOR LIABILITIES

(690

)

(690

)

NET ASSETS

186,616

221,262

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

185,616

220,262

SHAREHOLDERS' FUNDS

186,616

221,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 December 2025 and were signed by:

Mrs L Laughland - Director

1.	STATUTORY INFORMATION

HSC Futures Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC279176

Registered office:

75 London Road

Kilmarnock

East Ayrshire

KA3 7BP

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 and revenue recognition

Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Work in progress

Work in progress is stated at the value of work done prior to the year-end date, but not yet invoiced. It is valued at the net realisable value.

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their

settlement value.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

116,019

Additions

18,583

Disposals

(4,600

)

At 31 March 2025

130,002

DEPRECIATION

At 1 April 2024

28,207

Charge for year

26,839

Eliminated on disposal

(4,600

)

At 31 March 2025

50,446

NET BOOK VALUE

At 31 March 2025

79,556

At 31 March 2024

87,812

5.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,470 (2024: £2,351). At the balance sheet date, unpaid contributions of £948 (2024: £517) were due to the fund.

6.	RELATED PARTY DISCLOSURES

HSC Futures Ltd is owed £115,038 (2024: £121,522) from HRM Homecare Services Ltd, a company also owned and controlled by the director and her family.

7.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party of HSC Futures Ltd is the sole director, Lynn Laughland, and her family.