Company Registration No. 13869300 (England and Wales)
HASH CONSULTANCY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
HASH CONSULTANCY LTD
COMPANY INFORMATION
Director
Mr N D Murphy
(Appointed 25 January 2022)
Company number
13869300
Registered office
34 Bluebell Road
Walsall Wood
Walsall
WS9 9EU
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Starling Bank
5th Floor
London Fruit and Wool Exchange
1 Duval Square
London
E1 6PW
HASH CONSULTANCY LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
HASH CONSULTANCY LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HASH CONSULTANCY LTD FOR THE PERIOD ENDED 31 JANUARY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hash Consultancy Ltd for the period ended 31 January 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hash Consultancy Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hash Consultancy Ltd and state those matters that we have agreed to state to the Board of Directors of Hash Consultancy Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hash Consultancy Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Hash Consultancy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hash Consultancy Ltd. You consider that Hash Consultancy Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Hash Consultancy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
23 October 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
HASH CONSULTANCY LTD
BALANCE SHEET
AS AT 31 JANUARY 2023
31 January 2023
- 2 -
2023
Notes
£
£
Fixed assets
Tangible assets
3
1,392
Current assets
Cash at bank and in hand
26,771
Creditors: amounts falling due within one year
4
(11,795)
Net current assets
14,976
Total assets less current liabilities
16,368
Provisions for liabilities
5
(287)
Net assets
16,081
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
15,981
Total equity
16,081

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 23 October 2023.
Mr N D Murphy
Director
Company Registration No. 13869300
HASH CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
- 3 -
1
Accounting policies
Company information

Hash Consultancy Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 34 Bluebell Road, Walsall Wood, Walsall, WS9 9EU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
20% on cost
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HASH CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 1.

3
Tangible fixed assets
Computer equipment
£
Cost
At 25 January 2022
-
0
Additions
1,740
At 31 January 2023
1,740
Depreciation and impairment
At 25 January 2022
-
0
Depreciation charged in the period
348
At 31 January 2023
348
Carrying amount
At 31 January 2023
1,392
HASH CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2023
- 5 -
4
Creditors: amounts falling due within one year
2023
£
Taxation and social security
10,586
Other creditors
1,209
11,795
5
Provisions for liabilities
2023
£
Deferred tax liabilities
287
6
Called up share capital
2023
£
Ordinary share capital
Issued and fully paid
85 Ordinary A of £1 each
85
12 Ordinary B of £1 each
12
1 Ordinary C of £1 each
1
1 Ordinary D of £1 each
1
1 Ordinary E of £1 each
1
100

100 Ordinary shares of £1 were allotted and fully paid for cash at par during the period.

 

Subsequently, the company underwent a share reorganisation. The company passed a special resolution by reclassifying 100 Ordinary £1 shares into the following:

 

85 Ordinary A £1 shares

12 Ordinary B £1 shares

1 Ordinary C £1 share

1 Ordinary D £1 share

1 Ordinary E £1 share

 

The rights and privileges attached to these shares remain unaltered.

 

7
Ultimate controlling party

The ultimate controlling party is Mr N D Murphy.

8
Comparatives

This is the company's first year of trade, therefore there are no comparatives.

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