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Company Registration No. 12446476 (England and Wales)
Hobo Enterprises Ltd Unaudited accounts for the year ended 28 February 2023
Hobo Enterprises Ltd Unaudited accounts Contents
Page
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Hobo Enterprises Ltd Company Information for the year ended 28 February 2023
Director
D F O'Malley
Company Number
12446476 (England and Wales)
Registered Office
27 Great Unbderbank Stockport Cheshire SK1 1LN
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Hobo Enterprises Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
- 
134 
Debtors
15,166 
25,000 
Cash at bank and in hand
8,998 
3,341 
24,164 
28,475 
Creditors: amounts falling due within one year
(7,150)
(8,056)
Net current assets
17,014 
20,419 
Total assets less current liabilities
17,014 
20,419 
Creditors: amounts falling due after more than one year
(38,955)
(41,137)
Net liabilities
(21,941)
(20,718)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(21,942)
(20,719)
Shareholders' funds
(21,941)
(20,718)
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 16 April 2024 and were signed on its behalf by
D F O'Malley Director Company Registration No. 12446476
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Hobo Enterprises Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Hobo Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 12446476. The registered office is 27 Great Unbderbank, Stockport, Cheshire, SK1 1LN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
15,166 
25,000 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,590 
6,664 
Loans from directors
- 
102 
Accruals
1,560 
1,290 
7,150 
8,056 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,955 
41,137 
Aggregate of amounts that fall due for payment after five years
15,145 
21,322 
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Hobo Enterprises Ltd Notes to the Accounts for the year ended 28 February 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Transactions with related parties
Mr D O'Malley is a director and shareholder in both HOBO Enterprises Limited and DOM Properties Limited. HOBO Enterprises Limited rented property from DOM Properties during the year for £5,,000 ( 2022 - £37,000). During the year HOBO Enterprises Limited made a loan to DOM Properties Limited of £15,166 ( 2022 - £25,000) which was still outstanding at the balance sheet date. The loan is subject to interest at a commercial rate and is repayble upon demand.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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