The Crooked Heart Limited 14112400 false 2022-05-17 2023-05-31 2023-05-31 The principal activity of the company is tattooing Digita Accounts Production Advanced 6.30.9574.0 true true 14112400 2022-05-17 2023-05-31 14112400 2023-05-31 14112400 core:CurrentFinancialInstruments 2023-05-31 14112400 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14112400 core:OtherPropertyPlantEquipment 2023-05-31 14112400 bus:SmallEntities 2022-05-17 2023-05-31 14112400 bus:AuditExemptWithAccountantsReport 2022-05-17 2023-05-31 14112400 bus:FullAccounts 2022-05-17 2023-05-31 14112400 bus:SmallCompaniesRegimeForAccounts 2022-05-17 2023-05-31 14112400 bus:RegisteredOffice 2022-05-17 2023-05-31 14112400 bus:CompanySecretary1 2022-05-17 2023-05-31 14112400 bus:Director1 2022-05-17 2023-05-31 14112400 bus:PrivateLimitedCompanyLtd 2022-05-17 2023-05-31 14112400 bus:Agent1 2022-05-17 2023-05-31 14112400 core:OtherPropertyPlantEquipment 2022-05-17 2023-05-31 14112400 countries:EnglandWales 2022-05-17 2023-05-31 14112400 dpl:AdministrativeExpenses 2022-05-17 2023-05-31 14112400 dpl:CostSales 2022-05-17 2023-05-31 14112400 2022-05-16 iso4217:GBP xbrli:pure

Registration number: 14112400

The Crooked Heart Limited

Annual Report and Unaudited Financial Statements

for the Period from 17 May 2022 to 31 May 2023

 

The Crooked Heart Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Unaudited Financial Statements

6 to 11

iXBRL Detailed Profit and Loss Account

12

 

The Crooked Heart Limited

Company Information

Director

Mr Kyle Lee Lawrie

Company secretary

Welch Company Services Limited

Registered office

2 Drake House
Cook Way
Taunton
Somerset
TA2 6BJ

Accountants

Welch & Co (South West) Limited
2 Drake House
Cook Way
Taunton
Somerset
TA2 6BJ

 

The Crooked Heart Limited

Director's Report for the Period from 17 May 2022 to 31 May 2023

The director presents his report and the financial statements for the period from 17 May 2022 to 31 May 2023.

Incorporation

The company was incorporated on 17 May 2022.

Director of the company

The director who held office during the period was as follows:

Mr Kyle Lee Lawrie

Principal activity

The principal activity of the company is tattooing

Small companies provision statement

This report has 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.

Approved and authorised by the director on 6 February 2024
 

.........................................
Mr Kyle Lee Lawrie
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Crooked Heart Limited
for the Period Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Crooked Heart Limited for the period ended 31 May 2023 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of The Crooked Heart Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of The Crooked Heart Limited and state those matters that we have agreed to state to the Board of Directors of The Crooked Heart Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Crooked Heart Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Crooked Heart Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Crooked Heart Limited. You consider that The Crooked Heart Limited 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 accounts of The Crooked Heart Limited. 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 accounts.

......................................

Welch & Co (South West) Limited
2 Drake House
Cook Way
Taunton
Somerset
TA2 6BJ

6 February 2024

 

The Crooked Heart Limited

Profit and Loss Account for the Period from 17 May 2022 to 31 May 2023

Note

2023
£

Turnover

 

50,706

Cost of sales

 

(10,034)

Gross profit

 

40,672

Administrative expenses

 

(28,304)

Operating profit

 

12,368

Profit before tax

4

12,368

Tax on profit

 

(1,426)

Profit for the financial period

 

10,942

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

The Crooked Heart Limited

(Registration number: 14112400)
Balance Sheet as at 31 May 2023

Note

2023
£

Fixed assets

 

Tangible assets

5

4,862

Creditors: Amounts falling due within one year

6

(2,919)

Net assets

 

1,943

Capital and reserves

 

Called up share capital

7

1

Retained earnings

1,942

Shareholders' funds

 

1,943

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

Director's responsibilities:

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

The director acknowledges his 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.

Approved and authorised by the director on 6 February 2024
 

.........................................
Mr Kyle Lee Lawrie
Director

 

The Crooked Heart Limited

Notes to the Unaudited Financial Statements for the Period from 17 May 2022 to 31 May 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:
2 Drake House
Cook Way
Taunton
Somerset
TA2 6BJ

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current 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.

 

The Crooked Heart Limited

Notes to the Unaudited Financial Statements for the Period from 17 May 2022 to 31 May 2023

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:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

 

The Crooked Heart Limited

Notes to the Unaudited Financial Statements for the Period from 17 May 2022 to 31 May 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

Depreciation expense

858

 

The Crooked Heart Limited

Notes to the Unaudited Financial Statements for the Period from 17 May 2022 to 31 May 2023

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

Additions

5,720

5,720

At 31 May 2023

5,720

5,720

Depreciation

Charge for the period

858

858

At 31 May 2023

858

858

Carrying amount

At 31 May 2023

4,862

4,862

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Bank loans and overdrafts

8

293

Accruals and deferred income

 

1,200

Other creditors

 

1,426

 

2,919

7

Share capital

8

Loans and borrowings

2023
£

Current loans and borrowings

Other borrowings

293

9

Dividends

Interim dividends paid

   

2023
£

 

Interim dividend of 90.00 per each Ordinary

 

9,000

 
       
 

The Crooked Heart Limited

Notes to the Unaudited Financial Statements for the Period from 17 May 2022 to 31 May 2023

10

Related party transactions

 

The Crooked Heart Limited

Notes to the Unaudited Financial Statements for the Period from 17 May 2022 to 31 May 2023

Director's remuneration

The director's remuneration for the period was as follows:

2023
£

Remuneration

6,929

 

The Crooked Heart Limited

iXBRL Detailed Profit and Loss Account for the Period from 17 May 2022 to 31 May 2023

2023
£

Turnover/revenue

50,706

Cost of sales

Opening stock/inventories

-

Purchase of raw materials and consumables

(10,034)

Closing stock/inventories

-

Gross profit

40,672

Distribution costs

Administrative expenses

Audit and accountancy other services

(1,200)

Rent, rates and services costs

(10,198)

Utilities costs

(1,847)

Other repairs and maintenance costs

(3,615)

Depreciation of Fixed assets

(858)

Vehicle costs

(261)

Salaries and fees, directors

(6,929)

Bank charges

(452)

Insurance costs

(756)

Telecommunications

(741)

Printing, postage and stationery

(1,447)

Other operating income

Other items

Profit on ordinary activities before taxation

12,368

Tax on profit or loss on ordinary activities

(1,426)

Profit for the financial period

10,942