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COMPANY REGISTRATION NUMBER: 03135908
ALISTAIR HACKING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 June 2023
ALISTAIR HACKING LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
ALISTAIR HACKING LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
A J Hacking
M L T Hacking
Company secretary
M L T Hacking
Registered office
Lynton House
7 - 12 Tavistock Square
London
WC1H 9BQ
ALISTAIR HACKING LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
2
2
CURRENT ASSETS
Stocks
122,625
147,625
Debtors
5
2,681
2,700
Cash at bank and in hand
4,161
7,174
---------
---------
129,467
157,499
CREDITORS: amounts falling due within one year
6
( 11,461)
( 11,339)
---------
---------
NET CURRENT ASSETS
118,006
146,160
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
118,008
146,162
---------
---------
NET ASSETS
118,008
146,162
---------
---------
CAPITAL AND RESERVES
Called up share capital
400,000
400,000
Profit and loss account
( 281,992)
( 253,838)
---------
---------
SHAREHOLDERS FUNDS
118,008
146,162
---------
---------
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 income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 March 2024 , and are signed on behalf of the board by:
A J Hacking
Director
Company registration number: 03135908
ALISTAIR HACKING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
1. General information
The company is a private company limited by shares, registered in . The address of the registered office is Lynton House, 7 - 12 Tavistock Square, London, WC1H 9BQ.
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.
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.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Motor vehicles
-
20% straight line
Equipment
-
20% 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 July 2022 and 30 June 2023
59,380
2,235
61,615
--------
-------
--------
Depreciation
At 1 July 2022 and 30 June 2023
59,379
2,234
61,613
--------
-------
--------
Carrying amount
At 30 June 2023
1
1
2
--------
-------
--------
At 30 June 2022
1
1
2
--------
-------
--------
5. Debtors
2023
2022
£
£
Other debtors
2,681
2,700
-------
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
561
Other creditors
11,461
10,778
--------
--------
11,461
11,339
--------
--------
7. Directors' advances, credits and guarantees
Included in other creditors is an amount of £8,111 (2022: £7,428) owed to the directors. This amount is interest free and repayable on demand.