HYPER PROJECTS LIMITED |
Notes to the Accounts |
for the period from 24 January 2022 to 31 January 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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2 |
Employees |
2023 |
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Number |
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Average number of persons employed by the company |
2 |
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3 |
Tangible fixed assets |
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Motor vehicles |
£ |
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Cost |
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Additions |
500 |
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At 31 January 2023 |
500 |
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Depreciation |
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Charge for the period |
125 |
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At 31 January 2023 |
125 |
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Net book value |
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At 31 January 2023 |
375 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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£ |
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Trade creditors |
387 |
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Director accounts |
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1,250 |
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Other creditors |
780 |
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2,417 |
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5 |
Controlling party |
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Mr M Dawson and Ms C Ward who are directors of the company jointly have a controlling interest in the company. |
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6 |
Other information |
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HYPER PROJECTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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27a Maxwell Road |
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Northwood |
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Middlesex |
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HA6 2XY |