Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31truefalse2022-05-26No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14135606 2022-05-25 14135606 2022-05-26 2023-05-31 14135606 2021-05-26 2022-05-25 14135606 2023-05-31 14135606 c:Director1 2022-05-26 2023-05-31 14135606 d:CurrentFinancialInstruments 2023-05-31 14135606 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14135606 d:ShareCapital 2023-05-31 14135606 d:RetainedEarningsAccumulatedLosses 2023-05-31 14135606 c:OrdinaryShareClass1 2022-05-26 2023-05-31 14135606 c:OrdinaryShareClass1 2023-05-31 14135606 c:FRS102 2022-05-26 2023-05-31 14135606 c:AuditExempt-NoAccountantsReport 2022-05-26 2023-05-31 14135606 c:FullAccounts 2022-05-26 2023-05-31 14135606 c:PrivateLimitedCompanyLtd 2022-05-26 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14135606









HOROSOAPS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2023

 
HOROSOAPS LTD
REGISTERED NUMBER: 14135606

BALANCE SHEET
AS AT 31 MAY 2023

2023
2023
Note
£
£

  

Current assets
  

Stocks
  
2,250

Cash at bank and in hand
 4 
1,968

  
4,218

Creditors: amounts falling due within one year
 5 
(31,849)

Net current liabilities
  
 
 
(27,631)

Total assets less current liabilities
  
(27,631)

  

Net liabilities
  
(27,631)


Capital and reserves
  

Called up share capital 
 6 
2

Profit and loss account
  
(27,633)

  
(27,631)


Page 1

 
HOROSOAPS LTD
REGISTERED NUMBER: 14135606
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
I Welsh
Director

Date: 12 February 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
HOROSOAPS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

1.


General information

Horosoaps Ltd is a private company limited by shares. The company is incorporated in England and Wales, and the address of its registered office is Aston House, Cornwall Avenue, London, N3 1LF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
HOROSOAPS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Cash and cash equivalents

2023
£

Cash at bank and in hand
1,968

1,968



5.


Creditors: Amounts falling due within one year

2023
£

Other creditors
29,849

Accruals and deferred income
2,000

31,849


Page 4

 
HOROSOAPS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

6.


Share capital

2023
£
Allotted, called up and fully paid


2 Ordinary shares of £1.00 each
2


On incorporation, 2 Ordinary £1 shares were issued at par in order to form the capital base of the company.

 
Page 5