Hoodfellas London Ltd 11660647 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is retail sale of clothing in specialised stores. Digita Accounts Production Advanced 6.30.9574.0 true true 11660647 2022-12-01 2023-11-30 11660647 2023-11-30 11660647 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 11660647 bus:SmallEntities 2022-12-01 2023-11-30 11660647 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11660647 bus:FullAccounts 2022-12-01 2023-11-30 11660647 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11660647 bus:RegisteredOffice 2022-12-01 2023-11-30 11660647 bus:Director1 2022-12-01 2023-11-30 11660647 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11660647 countries:AllCountries 2022-12-01 2023-11-30 11660647 2021-12-01 2022-11-30 11660647 2022-11-30 11660647 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 11660647

Report of the Director and


Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

for
 

Hoodfellas London Ltd

 

Hoodfellas London Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Hoodfellas London Ltd

Company Information

Director:

M M A Emirali

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

11660647

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Hoodfellas London Ltd

(Registration number: 11660647)
Balance Sheet as at 30 November 2023

Note

30.11.23

30.11.22

   

£

£

£

£

CURRENT ASSETS

   

 

Stocks

4

 

10,193

 

10,500

Cash at bank and in hand

   

98

 

267

   

10,291

 

10,767

CREDITORS

   

 

Creditors within 1yr

5

 

9,732

 

10,147

Net assets

   

559

 

620

CAPITAL AND RESERVES

   

 

Called up share capital

 

1

 

1

Profit and loss account

 

558

 

619

Shareholders' funds

   

559

 

620

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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 delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 February 2024

.........................................
M M A Emirali
Director

 

Hoodfellas London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1.

General information

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

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 20 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 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.

The presentational currency is Pound Sterling (£).

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 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.

 

Hoodfellas London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

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.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4.

Stocks

30.11.23
£

30.11.22
£

Other inventories

10,193

10,500

 

Hoodfellas London Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

5.

Creditors

Creditors: amounts falling due within one year

30.11.23
£

30.11.22
£

Due within one year

Taxation and social security

134

134

Accruals and deferred income

540

600

Other creditors

9,058

9,413

9,732

10,147

Included in other creditors is £9,058 owed to the director on which no interest or repayment terms have been set.