Hygienic_Finishing_Systems_Ltd_31_May_2026_companies_house_set_of

Hygienic Finishing Systems Limited

Statement of Financial Position

31 May 2026

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	6	208,156		219,362
Current assets
Stocks		108,917		75,397
Debtors	7	333,242		265,972
Cash at bank and in hand		73,535		208,480
		515,694		549,849
Creditors: amounts falling due within one year	8	(176,822	)	(237,029	)
Net current assets		338,872		312,820
Total assets less current liabilities		547,028		532,182
Creditors: amounts falling due after more than one year	9	(3,887	)	(8,958	)
Net assets		543,141		523,224
Capital and reserves
Called up share capital		10		10
Profit and loss account		543,131		523,214
Shareholders funds		543,141		523,224

For the year ending

31 May 2026

, 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 financial statements for the year in question in accordance with section 476;
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

These

financial statements

were approved by the board of directors and authorised for issue on

14 August 2026

, and are signed on behalf of the board by:

R Bullivant

Director

Company registration number:

05275422

Hygienic Finishing Systems Limited

Notes to the Financial Statements

Year ended

31 May 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Unit 5 Telford Road

Telford Road

Ellesmere Port

Merseyside

CH65 5EU

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor vehicles	25% straight line
Office equipment	33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2025:

5 Intangible assets

	Goodwill
	£
Cost
At 1 June 2025 and 31 May 2026	26,000
Amortisation
At 1 June 2025 and 31 May 2026	26,000
Carrying amount
At 31 May 2026	-
At 31 May 2025	-

6 Tangible assets

	Land and buildings	Plant and machinery etc.		Total
	£	£		£
Cost
At 1 June 2025	167,834	141,505		309,339
Additions	-	13,250		13,250
Disposals	-	(16,800	)	(16,800	)
At 31 May 2026	167,834	137,955		305,789
Depreciation
At 1 June 2025	-	89,977		89,977
Charge	-	24,456		24,456
Disposals	-	(16,800	)	(16,800	)
At 31 May 2026	-	97,633		97,633
Carrying amount
At 31 May 2026	167,834	40,322		208,156
At 31 May 2025	167,834	51,528		219,362

7 Debtors

	2026	2025
	£	£
Trade debtors	295,169	222,778
Other debtors	38,073	43,194
	333,242	265,972

8 Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	130,533	167,459
Taxation and social security	37,013	56,412
Other creditors	9,276	13,158
	176,822	237,029

9 Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans and overdrafts	3,887		8,958