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REGISTERED NUMBER: 06324588 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

HOBOKEN KIDS LIMITED

HOBOKEN KIDS LIMITED (REGISTERED NUMBER: 06324588)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOBOKEN KIDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mrs L S Hall





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: 23 Rectory Grove
Leigh-on-Sea
Essex
SS9 2HA





REGISTERED NUMBER: 06324588 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

HOBOKEN KIDS LIMITED (REGISTERED NUMBER: 06324588)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 798 1,067
798 1,067

CURRENT ASSETS
Stocks 33,000 35,500
Debtors 6 6,930 8,243
Cash in hand 75 200
40,005 43,943
CREDITORS
Amounts falling due within one year 7 154,248 133,061
NET CURRENT LIABILITIES (114,243 ) (89,118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(113,445

)

(88,051

)

CREDITORS
Amounts falling due after more than one
year

8

32,919

36,832
NET LIABILITIES (146,364 ) (124,883 )

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings (146,564 ) (125,083 )
SHAREHOLDERS' FUNDS (146,364 ) (124,883 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HOBOKEN KIDS LIMITED (REGISTERED NUMBER: 06324588)

BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





Mrs L S Hall - Director


HOBOKEN KIDS LIMITED (REGISTERED NUMBER: 06324588)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Hoboken Kids Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents retail sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007 has been fully amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Notwithstanding the deficiency of net current assets as at the period end as shown in the balance sheet on page 4, the director is confident the company can continue to meet all liabilities as they fall due, as a result of her continued financial support to the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

HOBOKEN KIDS LIMITED (REGISTERED NUMBER: 06324588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 35,000
AMORTISATION
At 1 August 2022
and 31 July 2023 35,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 3,025 4,690 4,764 12,479
DEPRECIATION
At 1 August 2022 2,800 4,470 4,142 11,412
Charge for year 57 58 154 269
At 31 July 2023 2,857 4,528 4,296 11,681
NET BOOK VALUE
At 31 July 2023 168 162 468 798
At 31 July 2022 225 220 622 1,067

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 2,801 2,280
Other debtors 4,129 5,963
6,930 8,243

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 16,613 9,426
Trade creditors 3,843 9,747
Taxation and social security 6,349 8,023
Other creditors 127,443 105,865
154,248 133,061

HOBOKEN KIDS LIMITED (REGISTERED NUMBER: 06324588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 32,919 36,832

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,113 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank overdrafts 12,469 9,426

The bank overdraft is secured by director's personal guarantee.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
200 Ordinary £1 200 200

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £31,500 being the rent payable on the company's premises for the period of 2 years and 8 months.