Company Registration No. 09601754 (England and Wales)
HEDGES IP LIMITED
Unaudited accounts
for the year ended 31 July 2023
HEDGES IP LIMITED
Unaudited accounts
Contents
HEDGES IP LIMITED
Company Information
for the year ended 31 July 2023
Director
MARTIN NICHOLAS HEDGES
Company Number
09601754 (England and Wales)
Registered Office
35 ST LEONARDS ROAD
NN4 8DL
United Kingdom
Accountants
Robins & Co
35 St Leonards Road
Northampton
NN4 8DL
HEDGES IP LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
42,616
54,632
Cash at bank and in hand
78,909
113,064
Creditors: amounts falling due within one year
(6,023)
(6,787)
Net current assets
85,888
123,091
Total assets less current liabilities
128,504
177,723
Provisions for liabilities
Deferred tax
(8,097)
(10,164)
Net assets
120,407
167,559
Called up share capital
100
100
Profit and loss account
120,307
167,459
Shareholders' funds
120,407
167,559
For the year ending 31 July 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 24 October 2023 and were signed on its behalf by
MARTIN NICHOLAS HEDGES
Director
Company Registration No. 09601754
HEDGES IP LIMITED
Notes to the Accounts
for the year ended 31 July 2023
HEDGES IP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09601754. The registered office is 35 ST LEONARDS ROAD, NN4 8DL, United Kingdom.
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.
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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
33.33% Straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
53,465
1,286
2,927
57,678
At 31 July 2023
53,465
1,286
3,991
58,742
At 1 August 2022
-
119
2,927
3,046
Charge for the year
12,612
224
244
13,080
At 31 July 2023
12,612
343
3,171
16,126
At 31 July 2023
40,853
943
820
42,616
At 31 July 2022
53,465
1,167
-
54,632
Amounts falling due within one year
Accrued income and prepayments
1,866
680
HEDGES IP LIMITED
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
1,361
Loans from directors
699
234
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).