Company Registration No. 4040937 (England and Wales)
THE HOTSPOT (LOWESTOFT) LTD
Unaudited accounts
for the year ended 31 July 2023
THE HOTSPOT (LOWESTOFT) LTD
Unaudited accounts
Contents
THE HOTSPOT (LOWESTOFT) LTD
Company Information
for the year ended 31 July 2023
Company Number
4040937 (England and Wales)
Registered Office
27A LONG ROAD
LOWESTOFT
NR33 9DB
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
THE HOTSPOT (LOWESTOFT) LTD
Statement of financial position
as at 31 July 2023
Tangible assets
1,895
2,229
Cash at bank and in hand
14,335
18,474
Creditors: amounts falling due within one year
(1,359)
(14,432)
Net current assets
14,017
4,907
Total assets less current liabilities
15,912
7,136
Creditors: amounts falling due after more than one year
(15,117)
(6,800)
Called up share capital
20
20
Profit and loss account
775
316
Shareholders' funds
795
336
For the year ending 31 July 2023 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 director acknowledges his 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 and authorised for issue on 18 October 2023 and were signed on its behalf by
Mr David Ryder
Director
Company Registration No. 4040937
THE HOTSPOT (LOWESTOFT) LTD
Notes to the Accounts
for the year ended 31 July 2023
THE HOTSPOT (LOWESTOFT) LTD is a private company, limited by shares, registered in England and Wales, registration number 4040937. The registered office is 27A LONG ROAD, LOWESTOFT, NR33 9DB.
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.
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:
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
25,625
979
26,604
At 31 July 2023
25,625
979
26,604
At 1 August 2022
23,997
378
24,375
Charge for the year
244
90
334
At 31 July 2023
24,241
468
24,709
At 31 July 2023
1,384
511
1,895
At 31 July 2022
1,628
601
2,229
Amounts falling due after more than one year
Accrued income and prepayments
741
565
THE HOTSPOT (LOWESTOFT) LTD
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
14,167
Taxes and social security
1,359
265
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).