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REGISTERED NUMBER: 08560274 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Hoodyworld Limited

Hoodyworld Limited (Registered number: 08560274)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hoodyworld Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: J P Doyle





REGISTERED OFFICE: Lower Copton Farm Estate
Campden Road
Upper Quinton
Stratford Upon Avon
Warwickshire
CV37 8LQ





REGISTERED NUMBER: 08560274 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Hoodyworld Limited (Registered number: 08560274)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 11,085
Tangible assets 5 109,679 126,936
109,679 138,021

CURRENT ASSETS
Stocks 17,788 17,788
Debtors 6 95,890 87,957
Cash at bank 250,630 105,894
364,308 211,639
CREDITORS
Amounts falling due within one year 7 73,837 40,913
NET CURRENT ASSETS 290,471 170,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,150

308,747

PROVISIONS FOR LIABILITIES 27,420 24,340
NET ASSETS 372,730 284,407

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 372,728 284,405
SHAREHOLDERS' FUNDS 372,730 284,407

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

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

Hoodyworld Limited (Registered number: 08560274)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





J P Doyle - Director


Hoodyworld Limited (Registered number: 08560274)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Hoodyworld 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 evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 6 ) .

Hoodyworld Limited (Registered number: 08560274)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 110,850
AMORTISATION
At 1 September 2022 99,765
Charge for year 11,085
At 31 August 2023 110,850
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 11,085

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 200,824 1,793 36,012 238,629
Additions 48,457 170 2,193 50,820
Disposals (84,749 ) - - (84,749 )
At 31 August 2023 164,532 1,963 38,205 204,700
DEPRECIATION
At 1 September 2022 86,659 826 24,208 111,693
Charge for year 19,526 225 6,695 26,446
Eliminated on disposal (43,118 ) - - (43,118 )
At 31 August 2023 63,067 1,051 30,903 95,021
NET BOOK VALUE
At 31 August 2023 101,465 912 7,302 109,679
At 31 August 2022 114,165 967 11,804 126,936

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 19,384 21,862
Other debtors 76,506 66,095
95,890 87,957

Hoodyworld Limited (Registered number: 08560274)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 12,510 9,531
Taxation and social security 58,290 28,873
Other creditors 3,037 2,509
73,837 40,913

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is an amount of £72,692 (2022 - £62,099) due from Mr JP Doyle, a director of the company.
This amount has been charged at a commercial market rate of interest and is repaid in full following the balance sheet date.

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current period by Mr and Mrs Doyle by virtue of holding all of the issued ordinary share capital of the company.