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REGISTERED NUMBER: 09815217 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

THE HOP SHED LIMITED

THE HOP SHED LIMITED (REGISTERED NUMBER: 09815217)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE HOP SHED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: H O Saleh
Mrs S L Saleh





SECRETARY:





REGISTERED OFFICE: Elmhurst
Alfrick
Worcester
Worcestershire
WR6 5EY





REGISTERED NUMBER: 09815217 (England and Wales)





ACCOUNTANTS: Accountancy Summit Limited
Chartered Accountants
144 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2PW

THE HOP SHED LIMITED (REGISTERED NUMBER: 09815217)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,216 63,313

CURRENT ASSETS
Stocks 27,858 72,760
Debtors 5 24,443 9,347
Cash at bank and in hand 38,202 28,498
90,503 110,605
CREDITORS
Amounts falling due within one year 6 49,061 40,438
NET CURRENT ASSETS 41,442 70,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,658

133,480

CREDITORS
Amounts falling due after more than one
year

7

85,000

85,000
NET ASSETS 6,658 48,480

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,558 48,380
SHAREHOLDERS' FUNDS 6,658 48,480

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 15 May 2024 and were signed on its behalf by:




H O Saleh - Director



Mrs S L Saleh - Director


THE HOP SHED LIMITED (REGISTERED NUMBER: 09815217)

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

1. STATUTORY INFORMATION

The Hop Shed 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

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
Continuation of the company's activities is dependent upon the support of the directors. These financial statements have been prepared on the basis of this support continuing, and take no account of any adjustments that may be necessary if the company is unable to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

THE HOP SHED LIMITED (REGISTERED NUMBER: 09815217)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 116,204 34,926 21,744 3,504 176,378
Additions 1,087 938 - 1,130 3,155
At 31 October 2023 117,291 35,864 21,744 4,634 179,533
DEPRECIATION
At 1 November 2022 81,246 26,749 3,624 1,446 113,065
Charge for year 8,916 2,157 4,530 649 16,252
At 31 October 2023 90,162 28,906 8,154 2,095 129,317
NET BOOK VALUE
At 31 October 2023 27,129 6,958 13,590 2,539 50,216
At 31 October 2022 34,958 8,177 18,120 2,058 63,313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 13,834 9,347
Other debtors 10,609 -
24,443 9,347

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors 18,968 1,059
Taxation and social security 9,244 9,323
Other creditors 20,849 30,056
49,061 40,438

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/23 31/10/22
£    £   
Other creditors 85,000 85,000

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr and Mrs Saleh by virtue of their 100% beneficial interest in the share capital of the company.