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REGISTERED NUMBER: 07728097 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Huddersfield Art Supplies Limited

Huddersfield Art Supplies Limited (Registered number: 07728097)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Huddersfield Art Supplies Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: S Hoyle





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 07728097 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Huddersfield Art Supplies Limited (Registered number: 07728097)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,425 13,250

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 5 479 72
Cash at bank 32,474 19,474
52,953 39,546
CREDITORS
Amounts falling due within one year 6 36,975 28,729
NET CURRENT ASSETS 15,978 10,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,403

24,067

PROVISIONS FOR LIABILITIES 7 1,981 2,518
NET ASSETS 24,422 21,549

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 24,421 21,548
SHAREHOLDERS' FUNDS 24,422 21,549

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 his 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.

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:





S Hoyle - Director


Huddersfield Art Supplies Limited (Registered number: 07728097)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Huddersfield Art Supplies 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.

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 the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 5 years
Computer equipment - Straight line over 5 years

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Huddersfield Art Supplies Limited (Registered number: 07728097)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 28,497 14,558 15,042 58,097
Additions 190 - 631 821
At 31 July 2023 28,687 14,558 15,673 58,918
DEPRECIATION
At 1 August 2022 27,159 3,639 14,049 44,847
Charge for year 382 2,729 535 3,646
At 31 July 2023 27,541 6,368 14,584 48,493
NET BOOK VALUE
At 31 July 2023 1,146 8,190 1,089 10,425
At 31 July 2022 1,338 10,919 993 13,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Social security & other taxes 479 72

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 5,744 1,713
Tax 4,012 2,523
VAT 1,833 2,107
Directors' loan accounts 16,986 13,986
Accrued expenses 8,400 8,400
36,975 28,729

7. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 1,981 2,518

Deferred
tax
£   
Balance at 1 August 2022 2,518
Deferred Tax (537 )
Balance at 31 July 2023 1,981

8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.