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REGISTERED NUMBER: 04482024 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Hotfoot Design Ltd

Hotfoot Design Ltd (Registered number: 04482024)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hotfoot Design Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C A Haywood
Mr A Watt
Mr G C Cookson





REGISTERED OFFICE: The Storey
Meeting House Lane
Lancaster
Lancashire
LA1 1TH





REGISTERED NUMBER: 04482024 (England and Wales)





ACCOUNTANTS: Haywoods
Kevan Pilling House
1 Myrtle Street
Bolton
Lancashire
BL1 3AH

Hotfoot Design Ltd (Registered number: 04482024)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,304 18,462

CURRENT ASSETS
Stocks 35,600 20,329
Debtors 5 114,314 102,713
Cash at bank and in hand 110,340 96,842
260,254 219,884
CREDITORS
Amounts falling due within one year 6 138,150 83,967
NET CURRENT ASSETS 122,104 135,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,408

154,379

CREDITORS
Amounts falling due after more than one
year

7

43,333

63,333
NET ASSETS 101,075 91,046

CAPITAL AND RESERVES
Called up share capital 153 153
Retained earnings 100,922 90,893
SHAREHOLDERS' FUNDS 101,075 91,046

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Hotfoot Design Ltd (Registered number: 04482024)

Balance Sheet - continued
31 March 2024


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 16 July 2024 and were signed on its behalf by:




Mr C A Haywood - Director Mr A Watt - Director




Mr G C Cookson - Director


Hotfoot Design Ltd (Registered number: 04482024)

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

1. STATUTORY INFORMATION

Hotfoot Design Ltd 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 etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

Hotfoot Design Ltd (Registered number: 04482024)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 62,641
Additions 10,195
At 31 March 2024 72,836
DEPRECIATION
At 1 April 2023 44,179
Charge for year 6,353
At 31 March 2024 50,532
NET BOOK VALUE
At 31 March 2024 22,304
At 31 March 2023 18,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,372 101,732
Other debtors 2,942 981
114,314 102,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,120 909
Trade creditors 7,537 12,066
Taxation and social security 93,100 41,324
Other creditors 36,393 29,668
138,150 83,967

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 43,333 63,333