Company registration number 13114651 (England and Wales)
THIRTY TWO HERTZ LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
THIRTY TWO HERTZ LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
THIRTY TWO HERTZ LIMITED (REGISTERED NUMBER: 13114651)
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,747
3,005
Current assets
Debtors
707
Cash at bank and in hand
33
308
740
308
Creditors: amounts falling due within one year
4
(36,902)
(29,308)
Net current liabilities
(36,162)
(29,000)
Net liabilities
(34,415)
(25,995)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(34,515)
(26,095)
Total equity
(34,415)
(25,995)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 29 January 2024
Mr A Palmer
Director
THIRTY TWO HERTZ LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
Thirty Two Hertz Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
THIRTY TWO HERTZ LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2022
3,896
Additions
828
Disposals
(2,265)
At 31 March 2023
2,459
Depreciation and impairment
At 1 April 2022
891
Depreciation charged in the year
387
Eliminated in respect of disposals
(566)
At 31 March 2023
712
Carrying amount
At 31 March 2023
1,747
At 31 March 2022
3,005
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,435
455
Other creditors
35,467
28,853
36,902
29,308
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
6
Director's transactions
At the period end, the directors loan account was in hand with a balance of £34,416 (2022: £27,853).