H.H.I.D. Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC572651 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

H.H.I.D. LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Bell

Mrs A H Brown

A C Bell

SECRETARY:

Mrs A Bell

REGISTERED OFFICE:

Sandyknowe

16 Grange Road

Pettinain

Lanarkshire

ML11 8SP

REGISTERED NUMBER:

SC572651 (Scotland)

ACCOUNTANTS:

Stewart Gilmour & Co.

Chartered Accountants

24 Beresford Terrace

Ayr

KA7 2EG

FIXED ASSETS

Tangible assets

4

124,305

147,428

CURRENT ASSETS

Stocks

5

26,250

29,750

Debtors

6

23,188

39,056

Cash at bank

19,326

25,487

68,764

94,293

CREDITORS

Amounts falling due within one year

7

102,934

88,992

NET CURRENT (LIABILITIES)/ASSETS

(34,170

)

5,301

TOTAL ASSETS LESS CURRENT
LIABILITIES

90,135

152,729

CREDITORS

Amounts falling due after more than one
year

8

(44,094

)

(74,591

)

PROVISIONS FOR LIABILITIES

9

(24,110

)

(29,735

)

NET ASSETS

21,931

48,403

CAPITAL AND RESERVES

Called up share capital

10

1,000

Retained earnings

11

20,931

47,403

SHAREHOLDERS' FUNDS

21,931

48,403

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Mrs A Bell - Director

1.	STATUTORY INFORMATION

H.H.I.D. Ltd is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on 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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 September 2024

and 31 August 2025

21,000

132,949

48,275

10,206

212,430

DEPRECIATION

At 1 September 2024

3,990

37,208

16,118

7,686

65,002

Charge for year

1,701

14,362

6,431

629

23,123

At 31 August 2025

5,691

51,570

22,549

8,315

88,125

NET BOOK VALUE

At 31 August 2025

15,309

81,379

25,726

1,891

124,305

At 31 August 2024

17,010

95,741

32,157

2,520

147,428

5.

STOCKS

2025

2024

£

Stocks

11,250

Work-in-progress

15,000

18,500

26,250

29,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

17,375

15,882

Loan to friend

-

10,000

VAT

5,813

13,174

23,188

39,056

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

7,593

11,458

Directors loan account

548

441

Hire purchase contracts

25,154

Trade creditors

19,843

7,788

Tax

36,739

30,608

Accrued expenses

13,057

13,543

102,934

88,992

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

-

5,973

Hire purchase contracts

44,094

68,618

44,094

74,591

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

24,110

29,735

Deferred

tax

£

Balance at 1 September 2024

29,735

Provided during year

(5,625

)

Balance at 31 August 2025

24,110

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

900

Ordinary Shares

£1

900

100

Ordinary A Shares

£1

100

1,000

11.

RESERVES

Retained

earnings

£

At 1 September 2024

47,403

Profit for the year

36,528

Dividends

(63,000

)

At 31 August 2025

20,931