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Company Registration No. 9161161 (England and Wales)
HSL Direct Limited Unaudited accounts for the year ended 31 August 2025
HSL Direct Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
HSL Direct Limited Company Information for the year ended 31 August 2025
Director
R Linford
Company Number
9161161 (England and Wales)
Registered Office
Unit 6 i2 Centre Hamilton Court Mansfield Nottingham NG18 5FB
Accountants
Taylor Accountancy Ltd 2 Lynmoor Court Hucknall Nottingham NG15 8FT
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HSL Direct Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
12,192
17,250
Current assets
Inventories
5
35,459
30,457
Debtors
6
9,959
17,594
45,418
48,051
Creditors: amounts falling due within one year
7
(40,351)
(52,202)
Net current assets/(liabilities)
5,067
(4,151)
Total assets less current liabilities
17,259
13,099
Creditors: amounts falling due after more than one year
8
(2,379)
(3,214)
Net assets
14,880
9,885
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
14,780
9,785
Shareholders' funds
14,880
9,885
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2026 and were signed on its behalf by
R Linford Director Company Registration No. 9161161
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HSL Direct Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
HSL Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 9161161. The registered office is Unit 6 i2 Centre, Hamilton Court, Mansfield, Nottingham, NG18 5FB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
30% reducing balance
Motor vehicles
25% reducing balance
Stocks
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
- 5 -
HSL Direct Limited Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 September 2024
83,195
At 31 August 2025
83,195
Depreciation
At 1 September 2024
65,945
Charge for the year
5,058
At 31 August 2025
71,003
Net book value
At 31 August 2025
12,192
At 31 August 2024
17,250
5
Inventories
2025
2024
£
£
Finished goods
35,459
30,457
35,459
30,457
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
9,959
17,594
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
20,435
16,268
VAT
4,050
4,170
Taxes and social security
13,016
11,934
Other creditors
-
1,750
Loans from directors
-
15,200
Accruals
2,850
2,880
40,351
52,202
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,379
3,214
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
- 6 -
HSL Direct Limited Notes to the Accounts for the year ended 31 August 2025
10
Controlling party
The company was in control throughout the year by Ricky Linford, the director and shareholder.
11
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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