HSL Home Improvements Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07576933 (England and Wales)

Financial Statements for the Year Ended 31 March 2020

for

HSL Home Improvements Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Singh

REGISTERED OFFICE:

22 New Heston Road

Hounslow

Middlesex

TW5 0LJ

REGISTERED NUMBER:

07576933 (England and Wales)

ACCOUNTANTS:

AS Associates

Chartered Certified Accountants

11a Empire Parade

Empire Way

Wembley

Middlesex

HA9 0RQ

FIXED ASSETS

Tangible assets

4

14,906

19,095

CURRENT ASSETS

Debtors

5

12,140

12,140

Cash at bank and in hand

108

162

12,248

12,302

CREDITORS

Amounts falling due within one year

6

25,589

26,455

NET CURRENT LIABILITIES

(13,341

)

(14,153

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,565

4,942

CREDITORS

Amounts falling due after more than one year

7

-

5,237

NET ASSETS/(LIABILITIES)

1,565

(295

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

1,465

(395

)

SHAREHOLDERS' FUNDS

1,565

(295

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 March 2021 and were signed by:

G Singh - Director

1.	STATUTORY INFORMATION

HSL Home Improvements 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

46,236

DEPRECIATION

At 1 April 2019

27,141

Charge for year

4,189

At 31 March 2020

31,330

NET BOOK VALUE

At 31 March 2020

14,906

At 31 March 2019

19,095

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

12,140

12,140

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

9,250

5,269

Taxation and social security

386

887

Other creditors

15,953

20,299

25,589

26,455

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts

-

5,237

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

100

Ordinary Share

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2019

(395

)

Profit for the year

1,860

At 31 March 2020

1,465