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Company Registration No. 11791621 (England and Wales)
Hamsterwheel Limited Unaudited accounts for the year ended 31 January 2024
Hamsterwheel Limited Unaudited accounts Contents
Page
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Hamsterwheel Limited Company Information for the year ended 31 January 2024
Director
T A Gunn
Company Number
11791621 (England and Wales)
Registered Office
85 Great Portland Street London W1W 7LT
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Hamsterwheel Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,966 
2,987 
Current assets
Debtors
9,364 
10,012 
Cash at bank and in hand
59,485 
45,998 
68,849 
56,010 
Creditors: amounts falling due within one year
(40,430)
(31,174)
Net current assets
28,419 
24,836 
Total assets less current liabilities
30,385 
27,823 
Provisions for liabilities
Deferred tax
(373)
(567)
Net assets
30,012 
27,256 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
29,812 
27,056 
Shareholders' funds
30,012 
27,256 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 February 2024 and were signed on its behalf by
T A Gunn Director Company Registration No. 11791621
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Hamsterwheel Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Hamsterwheel Limited is a private company, limited by shares, registered in England and Wales, registration number 11791621. The registered office is 85 Great Portland Street, London, W1W 7LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on a reducing balance basis
Computer equipment
3 years on cost
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Hamsterwheel Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
559 
5,813 
6,372 
Additions
- 
499 
499 
Disposals
- 
(1,118)
(1,118)
At 31 January 2024
559 
5,194 
5,753 
Depreciation
At 1 February 2023
270 
3,115 
3,385 
Charge for the year
78 
1,326 
1,404 
On disposals
- 
(1,002)
(1,002)
At 31 January 2024
348 
3,439 
3,787 
Net book value
At 31 January 2024
211 
1,755 
1,966 
At 31 January 2023
289 
2,698 
2,987 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,364 
10,012 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
685 
77 
Taxes and social security
17,763 
17,899 
Other creditors
21,982 
13,198 
40,430 
31,174 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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