Hangman Curtain and Blinds Ltd 06066093 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the supply and fitting of custom made curtains and blinds. Digita Accounts Production Advanced 6.30.9574.0 true 06066093 2022-04-01 2023-03-31 06066093 2023-03-31 06066093 bus:OrdinaryShareClass1 2023-03-31 06066093 core:RetainedEarningsAccumulatedLosses 2023-03-31 06066093 core:ShareCapital 2023-03-31 06066093 core:CurrentFinancialInstruments 2023-03-31 06066093 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06066093 core:Goodwill 2023-03-31 06066093 core:MotorVehicles 2023-03-31 06066093 core:OtherPropertyPlantEquipment 2023-03-31 06066093 bus:SmallEntities 2022-04-01 2023-03-31 06066093 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06066093 bus:FullAccounts 2022-04-01 2023-03-31 06066093 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06066093 bus:RegisteredOffice 2022-04-01 2023-03-31 06066093 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 06066093 bus:Director1 2022-04-01 2023-03-31 06066093 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06066093 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06066093 core:Goodwill 2022-04-01 2023-03-31 06066093 core:MotorVehicles 2022-04-01 2023-03-31 06066093 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 06066093 countries:EnglandWales 2022-04-01 2023-03-31 06066093 2022-03-31 06066093 core:Goodwill 2022-03-31 06066093 core:MotorVehicles 2022-03-31 06066093 core:OtherPropertyPlantEquipment 2022-03-31 06066093 2021-04-01 2022-03-31 06066093 2022-03-31 06066093 bus:OrdinaryShareClass1 2022-03-31 06066093 core:RetainedEarningsAccumulatedLosses 2022-03-31 06066093 core:ShareCapital 2022-03-31 06066093 core:CurrentFinancialInstruments 2022-03-31 06066093 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06066093 core:MotorVehicles 2022-03-31 06066093 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06066093

Hangman Curtain and Blinds Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Hangman Curtain and Blinds Ltd

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Hangman Curtain and Blinds Ltd

Registration number: 06066093

Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

19,269

26,022

Current assets

 

Stocks

6

3,000

3,000

Debtors

7

4,790

2,386

Cash at bank and in hand

 

128,560

99,275

 

136,350

104,661

Creditors: Amounts falling due within one year

8

(70,269)

(25,379)

Net current assets

 

66,081

79,282

Total assets less current liabilities

 

85,350

105,304

Provisions for liabilities

(3,252)

(4,432)

Net assets

 

82,098

100,872

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

82,096

100,870

Total equity

 

82,098

100,872



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

Hangman Curtain and Blinds Ltd

Registration number: 06066093

Balance Sheet as at 31 March 2023 (continued)

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 October 2023 and signed on its behalf by:
 


K Watson
Director


G Watson
Company secretary and director

 

Hangman Curtain and Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
43 Yarmouth Road
Blofield
Norwich
Norfolk
NR13 4LE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Hangman Curtain and Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Reducing balance

Motor vehicles

25% Reducing balance

 

Hangman Curtain and Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Hangman Curtain and Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

40,000

40,000

At 31 March 2023

40,000

40,000

Amortisation

At 1 April 2022

40,000

40,000

At 31 March 2023

40,000

40,000

Carrying amount

At 31 March 2023

-

-

 

Hangman Curtain and Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

5

Tangible assets

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

31,908

19,163

51,071

Additions

-

157

157

Disposals

(11,108)

-

(11,108)

At 31 March 2023

20,800

19,320

40,120

Depreciation

At 1 April 2022

15,196

9,853

25,049

Charge for the year

3,900

1,897

5,797

Eliminated on disposal

(9,995)

-

(9,995)

At 31 March 2023

9,101

11,750

20,851

Carrying amount

At 31 March 2023

11,699

7,570

19,269

At 31 March 2022

16,712

9,310

26,022

6

Stocks

2023
£

2022
£

Other inventories

3,000

3,000

 

Hangman Curtain and Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

7

Debtors

Current

2023
£

2022
£

Trade debtors

4,476

504

Prepayments

314

138

Other debtors

-

1,744

 

4,790

2,386

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

5,371

994

Directors loan account

54,601

16,798

Taxation and social security

 

1,633

-

Other creditors

 

8,664

7,587

 

70,269

25,379

 

Hangman Curtain and Blinds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2