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REGISTERED NUMBER: 13838932 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

We Are Hoopla Limited

We Are Hoopla Limited (Registered number: 13838932)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


We Are Hoopla Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: G M Chaplin
Miss J F Bilinski





REGISTERED OFFICE: FFT
Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ





REGISTERED NUMBER: 13838932 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

We Are Hoopla Limited (Registered number: 13838932)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,118 10,754

CURRENT ASSETS
Debtors 5 198,579 77,249
Cash at bank 303,270 305,640
501,849 382,889
CREDITORS
Amounts falling due within one year 6 359,973 233,972
NET CURRENT ASSETS 141,876 148,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,994

159,671

PROVISIONS FOR LIABILITIES 5,142 3,475
NET ASSETS 149,852 156,196

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 149,752 156,096
149,852 156,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:



Miss J F Bilinski - Director


We Are Hoopla Limited (Registered number: 13838932)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

We Are Hoopla 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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of services is recognised when the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; the stage of completion of the transaction at the end of the reporting period can be measured reliably; and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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 - 15% on reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

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.

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.

We Are Hoopla Limited (Registered number: 13838932)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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
The company's financial statements for the period ended 31 January 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 4,022 7,541 11,563
Additions 638 7,564 8,202
Disposals (2,428 ) (2,207 ) (4,635 )
At 31 January 2024 2,232 12,898 15,130
DEPRECIATION
At 1 February 2023 222 587 809
Charge for year 321 1,234 1,555
Eliminated on disposal (150 ) (202 ) (352 )
At 31 January 2024 393 1,619 2,012
NET BOOK VALUE
At 31 January 2024 1,839 11,279 13,118
At 31 January 2023 3,800 6,954 10,754

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 156,000 61,266
Other debtors 42,579 15,983
198,579 77,249

We Are Hoopla Limited (Registered number: 13838932)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 94,250 184,784
Taxation and social security 52,367 37,324
Other creditors 213,356 11,864
359,973 233,972

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 January 2024 and the period ended 31 January 2023:

2024 2023
£    £   
G M Chaplin
Balance outstanding at start of year - -
Amounts advanced 80,048 -
Amounts repaid (81,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (952 ) -

Miss J F Bilinski
Balance outstanding at start of year - -
Amounts advanced 2,000 -
Amounts repaid (2,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -