Company Registration No. 09942789 (England and Wales)
Hyprdrve Ltd
Unaudited accounts
for the year ended 30 June 2023
Hyprdrve Ltd
Unaudited accounts
Contents
Hyprdrve Ltd
Company Information
for the year ended 30 June 2023
Directors
Soik Hwa Heng
Gerald Yew Meng Tan
Company Number
09942789 (England and Wales)
Registered Office
Top Floor Flat
150 Upper Richmond Road West
London
SW14 8DP
Accountants
Anthony Daniel Associates
10 Julian Place
London
E14 3AT
Hyprdrve Ltd
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
29,958
820
Creditors: amounts falling due within one year
(29,177)
(12,404)
Net current assets/(liabilities)
781
(11,584)
Net assets/(liabilities)
1,746
(10,242)
Called up share capital
100
100
Profit and loss account
1,646
(10,342)
Shareholders' funds
1,746
(10,242)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by
Gerald Yew Meng Tan
Director
Company Registration No. 09942789
Hyprdrve Ltd
Notes to the Accounts
for the year ended 30 June 2023
Hyprdrve Ltd is a private company, limited by shares, registered in England and Wales, registration number 09942789. The registered office is Top Floor Flat, 150 Upper Richmond Road West, London, SW14 8DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
Hyprdrve Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,895
430
Loans from directors
21,982
11,674
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).