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REGISTERED NUMBER: 08475762 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Hope Installations Ltd

Hope Installations Ltd (Registered number: 08475762)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Hope Installations Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr Rory Alexander





REGISTERED OFFICE: 395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside





REGISTERED NUMBER: 08475762 (England and Wales)





ACCOUNTANTS: Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside

Hope Installations Ltd (Registered number: 08475762)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 647,311 304,859

CURRENT ASSETS
Stocks 41,353 3,000
Debtors 5 62,311 83,449
Cash at bank 206,367 343,661
310,031 430,110
CREDITORS
Amounts falling due within one year 6 222,799 204,104
NET CURRENT ASSETS 87,232 226,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

734,543

530,865

PROVISIONS FOR LIABILITIES 14,804 -
NET ASSETS 719,739 530,865

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 719,639 530,765
SHAREHOLDERS' FUNDS 719,739 530,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 August 2024 and were signed by:



Mr Rory Alexander - Director


Hope Installations Ltd (Registered number: 08475762)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Hope Installations 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

Hope Installations Ltd (Registered number: 08475762)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 276,350 27,036 3,341
Additions 313,724 18,575 -
At 30 November 2023 590,074 45,611 3,341
DEPRECIATION
At 1 December 2022 - 21,679 2,719
Charge for year - 5,982 155
At 30 November 2023 - 27,661 2,874
NET BOOK VALUE
At 30 November 2023 590,074 17,950 467
At 30 November 2022 276,350 5,357 622

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 65,643 7,979 380,349
Additions 29,390 - 361,689
At 30 November 2023 95,033 7,979 742,038
DEPRECIATION
At 1 December 2022 44,553 6,539 75,490
Charge for year 12,620 480 19,237
At 30 November 2023 57,173 7,019 94,727
NET BOOK VALUE
At 30 November 2023 37,860 960 647,311
At 30 November 2022 21,090 1,440 304,859

5. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
VAT - 3,102

Hope Installations Ltd (Registered number: 08475762)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS - continued
30.11.23 30.11.22
£    £   
Amounts falling due after more than one year:
W Davies Loan 62,311 80,347

Aggregate amounts 62,311 83,449

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 13,401 6,761
Tax 83,856 72,711
Social security and other taxes 694 1,854
Pension - 78
VAT 1,827 -
Other creditors 122,700 122,700
Directors' current accounts 321 -
222,799 204,104

7. LOAN DUE AFTER MORE THAN 1 YEAR

The company entered into a loan agreement with a private individual lending the sum of £100,000 over a period of 5 years with interest to be calculated at market rate. Loan is scheduled to be repaid in full on or before 1st December 2026.

Hope Installations Ltd

Report of the Accountants to the Director of
Hope Installations Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside


28 August 2024