HSA SPECS LIMITED

HSA SPECS LIMITED
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

HSA SPECS LIMITED
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £
Fixed assets
Intangible fixed assets	3	19,333
Tangible fixed assets	4	30,654
		49,987
Current assets
Debtors		1,502
Cash at bank and in hand		10,501
		12,003
Creditors: amount falling due within one year		(80,271)
Net current assets		(68,268)

Total assets less current liabilities		(18,281)
Net assets		(18,281)

Capital and reserves
Called up share capital		1
Profit and loss account		(18,282)
Shareholders' funds		(18,281)

For the year ended 31 March 2025 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 30 December 2025 and were signed by:

-------------------------------
Mohammed Abbas Hanif
Director

1

HSA SPECS LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

HSA SPECS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14036432, registration address 33 PALMERSTON ROAD, WALTHAMSTOW LONDON, E17 6PR.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of 20 years.

Franchise Fees
Franchise Fees is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Franchise Fees of 20 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	20% Straight Line
Computer Equipment	20% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 3.

3.

Intangible fixed assets

Cost	Franchise Fees	Total
	£	£
At 01 April 2024	-	-
Additions	20,000	20,000
Disposals	-	-
At 31 March 2025	20,000	20,000
Amortisation
At 01 April 2024	-	-
Charge for year	667	667
On disposals	-	-
At 31 March 2025	667	667
Net book values
At 31 March 2025	19,333	19,333
At 31 March 2024	-	-

4.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 April 2024	-	-	-
Additions	34,000	1,249	35,249
Disposals	-	-	-
At 31 March 2025	34,000	1,249	35,249
Depreciation
At 01 April 2024	-	-	-
Charge for year	4,533	62	4,595
On disposals	-	-	-
At 31 March 2025	4,533	62	4,595
Net book values
Closing balance as at 31 March 2025	29,467	1,187	30,654
Opening balance as at 01 April 2024	-	-	-

2

Registered Number: 14036432
England and Wales
HSA SPECS LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025