Hainsworth Communications Ltd 10168174 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is Telecommunications Digita Accounts Production Advanced 6.30.9574.0 true true 10168174 2022-06-01 2023-05-31 10168174 2023-05-31 10168174 bus:OrdinaryShareClass1 2023-05-31 10168174 bus:Original 2023-05-31 10168174 core:CurrentFinancialInstruments 2023-05-31 10168174 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 10168174 core:FurnitureFittingsToolsEquipment 2023-05-31 10168174 bus:SmallEntities 2022-06-01 2023-05-31 10168174 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10168174 bus:FullAccounts 2022-06-01 2023-05-31 10168174 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 10168174 bus:RegisteredOffice 2022-06-01 2023-05-31 10168174 bus:Director1 2022-06-01 2023-05-31 10168174 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 10168174 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10168174 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 10168174 core:PlantMachinery 2022-06-01 2023-05-31 10168174 countries:England 2022-06-01 2023-05-31 10168174 2022-05-31 10168174 core:FurnitureFittingsToolsEquipment 2022-05-31 10168174 2021-06-01 2022-05-31 10168174 2022-05-31 10168174 bus:OrdinaryShareClass1 2022-05-31 10168174 core:CurrentFinancialInstruments 2022-05-31 10168174 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 10168174 core:FurnitureFittingsToolsEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10168174

Hainsworth Communications Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 May 2023

 

Hainsworth Communications Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Hainsworth Communications Ltd

(Registration number: 10168174)
Abridged Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

143

285

Current assets

 

Debtors

6

9,040

6,999

Cash at bank and in hand

 

252

2,414

 

9,292

9,413

Creditors: Amounts falling due within one year

(8,123)

(8,343)

Net current assets

 

1,169

1,070

Total assets less current liabilities

 

1,312

1,355

Accruals and deferred income

 

(840)

(840)

Net assets

 

472

515

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

471

514

Shareholders' funds

 

472

515

For the financial year 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 year 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 9 February 2024
 

.........................................
Ashley Ryan Hainsworth
Director

 

Hainsworth Communications Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
7 Gypsy Wood Close
Leeds
United Kingdom
LS15 9DY

These financial statements were authorised for issue by the director on 9 February 2024.

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 abridged 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 abridged 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.

 

Hainsworth Communications Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 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:

Asset class

Depreciation method and rate

Plant & Machinery

25% straight line

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

 

Hainsworth Communications Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

143

142

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2022

4,120

4,120

At 31 May 2023

4,120

4,120

Depreciation

At 1 June 2022

3,835

3,835

Charge for the year

142

142

At 31 May 2023

3,977

3,977

Carrying amount

At 31 May 2023

143

143

At 31 May 2022

285

285

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1