Registration number:
Hungry Limited
for the Year Ended 31 March 2024
Hungry Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Hungry Limited
Company Information
Directors |
RH White SH White |
Company secretary |
I White |
Registered office |
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Accountants |
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Hungry Limited
(Registration number: 04301381)
Statement of Financial Position as at 31 March 2024
Note |
2024 |
2023 |
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Non-current assets |
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Investments |
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Current assets |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Equity |
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Called up share capital |
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Share premium reserve |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.
Approved and authorised by the
.........................................
Director
Hungry Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024
General information |
Hungry Limited (the 'company') is a private company limited by share capital incorporated in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
Accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Hungry Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024 (continued)
2 |
Accounting policies (continued) |
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Property, plant and equipment
Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
20% on cost |
Computer equipment |
33.3% on cost |
Investments
Investments in subsidiary undertakings are recognised at cost.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Receivables
Receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Payables
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Hungry Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024 (continued)
2 |
Accounting policies (continued) |
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Hungry Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024 (continued)
Property, plant and equipment |
Plant and |
Computer |
Total |
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Cost |
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At 1 April 2023 |
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At 31 March 2024 |
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Depreciation |
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At 1 April 2023 |
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At 31 March 2024 |
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Carrying amount |
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At 31 March 2024 |
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Fixed asset Investments |
Shares in |
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Cost |
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At 1 April 2023 and at 31 March 2023 |
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Provision |
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At 1 April 2023 and at 31 March 2023 |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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Hungry Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024 (continued)
5 |
Fixed asset Investments (continued) |
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Country of incorporation |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
Subsidiary undertakings |
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England |
Ordinary shares of £1 each |
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Receivables |
Current |
2024 |
2023 |
Other receivables |
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Cash and cash equivalents |
2024 |
2023 |
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Cash at bank |
1,761 |
1,172 |
Hungry Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024 (continued)
Payables |
2024 |
2023 |
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Due within one year |
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Other payables |
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Accruals |
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Share capital and reserves |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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10 |
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10 |
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Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
The share premium reserve represents premium paid for new shares above their nominal value net of issue costs and bonus share issues. This reserve forms part of the company's non-distributable reserves.
Related party transactions |
Managed Operations AI Limited is a company under common control. At year end, the company owed Managed Operations AI Limited £42,800 (2023 -£125,000). The company owes £81,200 (2023: £nil) to its subsidiary, Service Crew Limited. These loans are interest free - unsecured and have no fixed repayment date.