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Registration number: 08173095

Hashtag Marketing Ltd

Annual Report and

Unaudited Financial Statements


for the Year Ended 31 August 2023

 

Hashtag Marketing Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

Hashtag Marketing Ltd

Company Information

Director

Mrs L Davies

Company secretary

Mrs L Davies

Registered office

Abercar Villa
Highstreet
Sennybridge
Brecon
Powys
LD3 8TN

 

Accountants

W J James & Co
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Hashtag Marketing Ltd

(Registration number: 08173095)

Balance Sheet
as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

5,889

7,361

Current assets

 

Debtors

5

1,000

15,375

Cash at bank and in hand

 

496

935

 

1,496

16,310

Creditors: Amounts falling due within one year

6

(21,655)

(18,401)

Net current liabilities

 

(20,159)

(2,091)

Total assets less current liabilities

 

(14,270)

5,270

Provisions for liabilities

-

(815)

Net (liabilities)/assets

 

(14,270)

4,455

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

(14,272)

4,453

Total equity

 

(14,270)

4,455

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her 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.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Hashtag Marketing Ltd

(Registration number: 08173095)

Balance Sheet
as at 31 August 2023

Approved and authorised by the director on 30 August 2024
 

.........................................

Mrs L Davies

Company secretary and director

 

Hashtag Marketing Ltd

Notes to the Financial Statements
for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Abercar Villa
Highstreet
Sennybridge
Brecon
Powys
LD3 8TN

These financial statements were authorised for issue by the director on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis even though the liabiliites of the company exceed its assets at 31 August 2023. The director has undertaken to offer continued financial support and will not seek repayment of the directors loan balance to the extent of the balance sheet deficit.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises deferred 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.

 

Hashtag Marketing Ltd

Notes to the Financial Statements
for the Year Ended 31 August 2023

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.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Fixtures, fittings and equipment

20% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Hashtag Marketing Ltd

Notes to the Financial Statements
for the Year Ended 31 August 2023

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

27,079

27,079

At 31 August 2023

27,079

27,079

Depreciation

At 1 September 2022

19,718

19,718

Charge for the year

1,472

1,472

At 31 August 2023

21,190

21,190

Carrying amount

At 31 August 2023

5,889

5,889

At 31 August 2022

7,361

7,361

5

Debtors

2023
£

2022
£

Trade debtors

-

4,375

Other debtors

1,000

11,000

1,000

15,375

 

Hashtag Marketing Ltd

Notes to the Financial Statements
for the Year Ended 31 August 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,405

9,069

Accruals and deferred income

600

1,391

Other creditors

19,650

7,941

21,655

18,401

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2