Company Registration No. 11791621 (England and Wales)
Hamsterwheel Limited
Unaudited accounts
for the year ended 31 January 2024
Hamsterwheel Limited
Unaudited accounts
Contents
Hamsterwheel Limited
Company Information
for the year ended 31 January 2024
Company Number
11791621 (England and Wales)
Registered Office
85 Great Portland Street
London
W1W 7LT
Hamsterwheel Limited
Statement of financial position
as at 31 January 2024
Tangible assets
1,966
2,987
Cash at bank and in hand
59,485
45,998
Creditors: amounts falling due within one year
(40,430)
(31,174)
Net current assets
28,419
24,836
Total assets less current liabilities
30,385
27,823
Provisions for liabilities
Called up share capital
200
200
Profit and loss account
29,812
27,056
Shareholders' funds
30,012
27,256
For the year ending 31 January 2024 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 8 February 2024 and were signed on its behalf by
T A Gunn
Director
Company Registration No. 11791621
Hamsterwheel Limited
Notes to the Accounts
for the year ended 31 January 2024
Hamsterwheel Limited is a private company, limited by shares, registered in England and Wales, registration number 11791621. The registered office is 85 Great Portland Street, London, W1W 7LT.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on a reducing balance basis
Computer equipment
3 years on cost
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Hamsterwheel Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
559
5,813
6,372
Disposals
-
(1,118)
(1,118)
At 31 January 2024
559
5,194
5,753
At 1 February 2023
270
3,115
3,385
Charge for the year
78
1,326
1,404
On disposals
-
(1,002)
(1,002)
At 31 January 2024
348
3,439
3,787
At 31 January 2024
211
1,755
1,966
At 31 January 2023
289
2,698
2,987
Amounts falling due within one year
Trade debtors
9,364
10,012
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
17,763
17,899
Other creditors
21,982
13,198
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).