HLS Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06905628 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

HLS DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C W Howarth

Mr D J P Logie

REGISTERED OFFICE:

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

REGISTERED NUMBER:

06905628 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

13,140

5,800

CURRENT ASSETS

Stocks

5,000

3,000

Debtors

5

59,832

82,543

64,832

85,543

CREDITORS

Amounts falling due within one year

6

70,332

89,912

NET CURRENT LIABILITIES

(5,500

)

(4,369

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,640

1,431

CREDITORS

Amounts falling due after more than one year

7

4,736

1,328

NET ASSETS

2,904

103

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

8

2,902

101

SHAREHOLDERS' FUNDS

2,904

103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 24th July 2026 and were signed on its behalf by:

Mr C W Howarth - Director

Mr D J P Logie - Director

1.	STATUTORY INFORMATION

HLS Developments Limited 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.

Plant and machinery

-

Straight line over 3 years

Fixtures and fittings

-

Straight line over 3 years

Motor vehicles

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st April 2025

357

140

16,597

1,102

18,196

Additions

-

7,995

-

7,995

At 31st March 2026

357

140

24,592

1,102

26,191

DEPRECIATION

At 1st April 2025

357

140

10,797

1,102

12,396

Charge for year

-

655

-

655

At 31st March 2026

357

140

11,452

1,102

13,051

NET BOOK VALUE

At 31st March 2026

-

13,140

-

13,140

At 31st March 2025

-

5,800

-

5,800

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Directors' current accounts

34,128

41,790

Tax

11,601

Accrued income

13,333

28,318

Prepayments

770

834

59,832

82,543

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

13,502

19,561

Hire purchase contracts

2,047

-

Trade creditors

13,413

22,773

Tax

5,714

13,604

Social security and other taxes

3,328

2,819

VAT

15,693

12,816

Credit cards

13,339

16,639

Other creditors

1,496

-

Accrued expenses

1,800

1,700

70,332

89,912

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans - 1-2 years

-

1,328

Hire purchase contracts

4,736

-

4,736

1,328

8.

RESERVES

Retained

earnings

£

At 1st April 2025

101

Profit for the year

31,801

Dividends

(29,000

)

At 31st March 2026

2,902

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2026 and 31st March 2025:

31.3.26

31.3.25

£

Mr C W Howarth

Balance outstanding at start of year

20,963

22,483

Amounts advanced

418

480

Amounts repaid

(3,500

)

(2,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

17,881

20,963

Mr D J P Logie

Balance outstanding at start of year

20,828

22,351

Amounts advanced

415

477

Amounts repaid

(4,996

)

(2,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

16,247

20,828

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Howarth and Mr D J Logie.