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Logo On Report
Registered Number: 12944868
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 October 2023

for

HONEST RESEARCH LIMITED

Director Jack Stewart BRIDGER
Registered Number 12944868
Registered Office OMEGA COURT
350 CEMETERY ROAD
SHEFFIELD
S11 8FT
Accountants Holdsworth Accountants Ltd
Omega Court
350 Cemetery Road
Sheffield
S11 8FT
1
  2023   2022
    £ £   £ £
Fixed assets   1,682      975 
Current assets 20,998      3,425   
Creditors: amount falling due within one year (22,665)     (2,219)  
Net current liabilities   (1,667)     1,206 
Total assets less current liabilities   15      2,181 
Net assets   15      2,181 
 

         
Capital and reserves   15      2,181 
 
NOTES TO THE ACCOUNTS

General Information
HONEST RESEARCH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12944868, registration address OMEGA COURT, 350 CEMETERY ROAD, SHEFFIELD, S11 8FT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 November 2022 1,218    1,218 
Additions 1,127    1,127 
Disposals  
At 31 October 2023 2,345    2,345 
Depreciation
At 01 November 2022 243    243 
Charge for year 420    420 
On disposals  
At 31 October 2023 663    663 
Net book values
Closing balance as at 31 October 2023 1,682    1,682 
Opening balance as at 01 November 2022 975    975 


3.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).


For the year ended 31 October 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.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 11 March 2024 and were signed by:


--------------------------------
Jack Stewart BRIDGER
Director
2