5 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 81,100 81,100 2,350 2,350 78,750 62 11,999 12,061 5 1,545 1,550 10,511 57 xbrli:pure xbrli:shares iso4217:GBP 13591690 2022-04-01 2023-09-30 13591690 2023-09-30 13591690 2022-03-31 13591690 2021-08-30 2022-03-31 13591690 2022-03-31 13591690 2021-08-29 13591690 core:NetGoodwill 2022-04-01 2023-09-30 13591690 bus:Director1 2022-04-01 2023-09-30 13591690 core:NetGoodwill 2023-09-30 13591690 core:WithinOneYear 2023-09-30 13591690 core:WithinOneYear 2022-03-31 13591690 core:ShareCapital 2023-09-30 13591690 core:ShareCapital 2022-03-31 13591690 core:SharePremium 2023-09-30 13591690 core:RetainedEarningsAccumulatedLosses 2023-09-30 13591690 core:RetainedEarningsAccumulatedLosses 2022-03-31 13591690 bus:SmallEntities 2022-04-01 2023-09-30 13591690 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-09-30 13591690 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-09-30 13591690 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-09-30 13591690 bus:FullAccounts 2022-04-01 2023-09-30 13591690 core:OfficeEquipment 2022-04-01 2023-09-30 13591690 core:OfficeEquipment 2022-03-31 13591690 core:OfficeEquipment 2023-09-30
COMPANY REGISTRATION NUMBER: 13591690
Hieron London Ltd
Filleted Unaudited Financial Statements
30 September 2023
Hieron London Ltd
Financial Statements
Period from 1 April 2022 to 30 September 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Hieron London Ltd
Statement of Financial Position
30 September 2023
30 Sep 23
31 Mar 22
Note
£
£
Fixed assets
Intangible assets
5
78,750
Tangible assets
6
10,511
57
--------
----
89,261
57
Current assets
Stocks
146,582
Debtors
7
366,528
60,536
Cash at bank and in hand
17,767
36,502
---------
--------
530,877
97,038
Creditors: amounts falling due within one year
8
385,994
89,522
---------
--------
Net current assets
144,883
7,516
---------
-------
Total assets less current liabilities
234,144
7,573
Provisions
Taxation including deferred tax
631
---------
-------
Net assets
233,513
7,573
---------
-------
Capital and reserves
Called up share capital
154
100
Share premium account
222,546
Profit and loss account
10,813
7,473
---------
-------
Shareholders funds
233,513
7,573
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hieron London Ltd
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 2 April 2024 , and are signed on behalf of the board by:
Mr J C Morris
Director
Company registration number: 13591690
Hieron London Ltd
Notes to the Financial Statements
Period from 1 April 2022 to 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, 21-23 Elmfield Road, Bromley, Greater London, BR1 1LT, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 5 (2022: 2 ).
5. Intangible assets
Goodwill
£
Cost
Additions
Acquisitions through business combinations
81,100
--------
At 30 September 2023
81,100
--------
Amortisation
Charge for the period
2,350
--------
At 30 September 2023
2,350
--------
Carrying amount
At 30 September 2023
78,750
--------
At 31 March 2022
--------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2022
62
62
Additions
11,999
11,999
--------
--------
At 30 September 2023
12,061
12,061
--------
--------
Depreciation
At 1 April 2022
5
5
Charge for the period
1,545
1,545
--------
--------
At 30 September 2023
1,550
1,550
--------
--------
Carrying amount
At 30 September 2023
10,511
10,511
--------
--------
At 31 March 2022
57
57
--------
--------
7. Debtors
30 Sep 23
31 Mar 22
£
£
Trade debtors
344,977
8,220
Other debtors
21,551
52,316
---------
--------
366,528
60,536
---------
--------
8. Creditors: amounts falling due within one year
30 Sep 23
31 Mar 22
£
£
Trade creditors
70,679
22,257
Corporation tax
428
2,134
Social security and other taxes
117,941
20,438
Other creditors
196,946
44,693
---------
--------
385,994
89,522
---------
--------