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Registered number: 12672640
Hire Genius Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Kalculus
Chartered Accountants, Auditors & Business Advisers
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12672640
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,075 8,625
7,075 8,625
CURRENT ASSETS
Debtors 5 18,748 39,491
Cash at bank and in hand 29,419 27,877
48,167 67,368
Creditors: Amounts Falling Due Within One Year 6 (811,805 ) (686,743 )
NET CURRENT ASSETS (LIABILITIES) (763,638 ) (619,375 )
TOTAL ASSETS LESS CURRENT LIABILITIES (756,563 ) (610,750 )
Creditors: Amounts Falling Due After More Than One Year 7 (699,567 ) (500,000 )
NET LIABILITIES (1,456,130 ) (1,110,750 )
CAPITAL AND RESERVES
Called up share capital 8 1,651 1,521
Share premium account 1,974,402 1,436,988
Profit and Loss Account (3,432,183 ) (2,549,259 )
SHAREHOLDERS' FUNDS (1,456,130) (1,110,750)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Malka
Director
2 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hire Genius Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12672640 . The registered office is 2nd Floor Gadd House, Arcadia Avenue, London, N3 2JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings - 25% on reducing balance
Computer Equipment - 33.33% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 1,263 15,815 17,078
Additions - 1,899 1,899
As at 30 June 2024 1,263 17,714 18,977
Depreciation
As at 1 July 2023 552 7,901 8,453
Provided during the period 178 3,271 3,449
As at 30 June 2024 730 11,172 11,902
Net Book Value
As at 30 June 2024 533 6,542 7,075
As at 1 July 2023 711 7,914 8,625
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,748 8,592
Other debtors - 30,899
18,748 39,491
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 417,800 480,610
Other taxes and social security 133,930 88,863
Other creditors 99,644 89,467
Accruals and deferred income 9,650 20,000
Director's loan account 150,781 7,803
811,805 686,743
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 699,567 500,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,651 1,521
Page 4