REGISTERED NUMBER: 11173915 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Hex Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A P Gibson

SECRETARY:

REGISTERED OFFICE:

Unit H3

Station Road Ind Est

Elmswell

Bury St Edmunds

Suffolk

IP30 9HR

REGISTERED NUMBER:

11173915 (England and Wales)

ACCOUNTANTS:

Adele Hewitson

FIXED ASSETS

Tangible assets

4

439,473

205,927

CURRENT ASSETS

Debtors

5

251,682

161,473

Cash at bank

2,069

499

253,751

161,972

CREDITORS

Amounts falling due within one year

6

436,101

265,144

NET CURRENT LIABILITIES

(182,350

)

(103,172

)

TOTAL ASSETS LESS CURRENT LIABILITIES

257,123

102,755

CREDITORS

Amounts falling due after more than one year

7

(137,179

)

(32,617

)

PROVISIONS FOR LIABILITIES

(83,500

)

(39,126

)

NET ASSETS

36,444

31,012

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

36,443

31,011

36,444

31,012

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 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 13 December 2025 and were signed by:

A P Gibson - Director

1.	STATUTORY INFORMATION

Hex Group Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 20% on reducing balance

Motor vehicles - 20% on reducing balance

Computer equipment - 25% 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.

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.

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 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

293,671

Additions

322,644

Disposals

(43,520

)

At 31 March 2025

572,795

DEPRECIATION

At 1 April 2024

87,744

Charge for year

69,853

Eliminated on disposal

(24,275

)

At 31 March 2025

133,322

NET BOOK VALUE

At 31 March 2025

439,473

At 31 March 2024

205,927

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

Plant and

machinery

etc

£

COST

At 1 April 2024

90,915

Additions

259,165

At 31 March 2025

350,080

DEPRECIATION

At 1 April 2024

8,302

Charge for year

37,272

At 31 March 2025

45,574

NET BOOK VALUE

At 31 March 2025

304,506

At 31 March 2024

82,613

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

42,690

Other debtors

251,682

118,783

251,682

161,473

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

101,936

37,830

Trade creditors

20,530

15,064

Taxation and social security

113,259

130,960

Other creditors

200,376

81,290

436,101

265,144

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

137,179

32,617