Company Registration No. 03371863 (England and Wales)
HG Wells Ltd
Unaudited accounts
for the year ended 31 August 2025
HG Wells Ltd
Unaudited accounts
Contents
HG Wells Ltd
Company Information
for the year ended 31 August 2025
Directors
Stuart Place
Jeanette Place
Company Number
03371863 (England and Wales)
Registered Office
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
United Kingdom
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
HG Wells Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
451,715
478,002
Cash at bank and in hand
276,614
206,163
Creditors: amounts falling due within one year
(372,590)
(453,815)
Net current assets/(liabilities)
5,039
(149,202)
Total assets less current liabilities
456,805
328,851
Creditors: amounts falling due after more than one year
(53,196)
(71,516)
Provisions for liabilities
Deferred tax
(77,277)
(67,111)
Net assets
326,332
190,224
Called up share capital
2
2
Profit and loss account
326,330
190,222
Shareholders' funds
326,332
190,224
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 directors acknowledge their 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 of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by
Stuart Place
Director
Company Registration No. 03371863
HG Wells Ltd
Notes to the Accounts
for the year ended 31 August 2025
HG Wells Ltd is a private company, limited by shares, registered in England and Wales, registration number 03371863. The registered office is 17-19 St Georges Street, Norwich, Norfolk, NR3 1AB, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line Method, No Depreciation
Plant & machinery
25% Reducing Balance Method
Motor vehicles
20% Straight Line Method
Fixtures & fittings
25% Reducing Balance Method
Computer equipment
33% Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
HG Wells Ltd
Notes to the Accounts
for the year ended 31 August 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 September 2024
133,103
307,553
320,128
320,333
6,327
1,087,444
Additions
-
88,555
-
1,176
149
89,880
Disposals
-
-
(40,953)
-
-
(40,953)
At 31 August 2025
133,103
396,108
279,175
321,509
6,476
1,136,371
At 1 September 2024
8,316
79,024
256,534
261,877
3,691
609,442
Charge for the year
1,188
73,883
12,827
14,704
1,279
103,881
On disposals
-
-
(28,667)
-
-
(28,667)
At 31 August 2025
9,504
152,907
240,694
276,581
4,970
684,656
At 31 August 2025
123,599
243,201
38,481
44,928
1,506
451,715
At 31 August 2024
124,787
228,529
63,594
58,456
2,636
478,002
5
Investments
Other investments
Valuation at 1 September 2024
51
Valuation at 31 August 2025
51
Amounts falling due within one year
Trade debtors
61,243
43,376
Accrued income and prepayments
7,798
-
Other debtors
31,974
43,017
Amounts falling due after more than one year
Accrued income and prepayments
-
9,557
HG Wells Ltd
Notes to the Accounts
for the year ended 31 August 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,688
39,794
Obligations under finance leases and hire purchase contracts
16,531
16,531
Trade creditors
43,013
110,057
Taxes and social security
53,364
43,594
Loans from directors
228,190
188,617
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
33,446
46,445
9
Transactions with related parties
Reconvey Limited
(A related party by virtue of it having a common controlling party)
Other Debtor - 2025 - £368
10
Average number of employees
During the year the average number of employees was 6 (2024: 8).