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REGISTERED NUMBER: 08439405 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

HAPPY FACES STOURBRIDGE LIMITED

HAPPY FACES STOURBRIDGE LIMITED (REGISTERED NUMBER: 08439405)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAPPY FACES STOURBRIDGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs J Dale
L M Dale





REGISTERED OFFICE: The Old Childrens Library
Church Street
Stourbridge
West Midlands
DY8 1LT





REGISTERED NUMBER: 08439405 (England and Wales)






HAPPY FACES STOURBRIDGE LIMITED (REGISTERED NUMBER: 08439405)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 500
Tangible assets 5 5,236 6,631
5,236 7,131

CURRENT ASSETS
Debtors 6 11,827 11,954
Cash at bank and in hand 30,038 38,182
41,865 50,136
CREDITORS
Amounts falling due within one year 7 10,829 10,920
NET CURRENT ASSETS 31,036 39,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,272

46,347

PROVISIONS FOR LIABILITIES 8 995 1,260
NET ASSETS 35,277 45,087

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 35,275 45,085
SHAREHOLDERS' FUNDS 35,277 45,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

HAPPY FACES STOURBRIDGE LIMITED (REGISTERED NUMBER: 08439405)

BALANCE SHEET - continued
31 MARCH 2023


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 18 October 2023 and were signed on its behalf by:





Mrs J Dale - Director


HAPPY FACES STOURBRIDGE LIMITED (REGISTERED NUMBER: 08439405)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Happy Faces Stourbridge 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised over its useful life. The director estimated that this useful life extends to 2023.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Current and deferred 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 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.

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.

HAPPY FACES STOURBRIDGE LIMITED (REGISTERED NUMBER: 08439405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 5,000
AMORTISATION
At 1 April 2022 4,500
Amortisation for year 500
At 31 March 2023 5,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 500

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 12,072 15,487 27,559
DEPRECIATION
At 1 April 2022 10,697 10,231 20,928
Charge for year 344 1,051 1,395
At 31 March 2023 11,041 11,282 22,323
NET BOOK VALUE
At 31 March 2023 1,031 4,205 5,236
At 31 March 2022 1,375 5,256 6,631

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 11,827 11,954

HAPPY FACES STOURBRIDGE LIMITED (REGISTERED NUMBER: 08439405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 10,661 10,766
Other creditors 168 154
10,829 10,920

8. PROVISIONS FOR LIABILITIES

Deferred tax provision in both years is in respect of accelerated capital allowances.