Company registration number: 09145332
Unaudited financial statements
for the year ended 31 March 2024
for
Hid-in Limited
Pages for filing with the Registrar
Company registration number: 09145332
Hid-in Limited
Balance sheet
as at 31 March 2024
31 Mar 24 31 Mar 23
Note £ £ £ £
Fixed assets
Intangible assets 4 - 46
Tangible assets 5 2,460 573
2,460 619
Current assets
Stocks 14,525 16,797
Cash at bank and in hand 9,432 15,072
23,957 31,869
Creditors: amounts falling due within
one year
(3,699) (4,164)
Net current assets 20,258 27,705
Total assets less current liabilities 22,718 28,324
NET ASSETS 22,718 28,324
Capital and reserves
Called up share capital 1 1
Profit and loss account 22,717 28,323
TOTAL EQUITY 22,718 28,324
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 09145332
Hid-in Limited
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Miss K Isherwood, Director
16 September 2024
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Hid-in Limited
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
The company is registered in England and Wales. Its registered number is 09145332. The company is limited by shares. Its registered office is 56 Rainhill Way, London, London, E3 3JD.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs - 25% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 25% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
Hid-in Limited
Notes to the financial statements - continued
for the year ended 31 March 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 April 2023 46
At 31 March 2024 46
Amortisation
Charge for year 46
At 31 March 2024 46
Net book value
At 31 March 2024 -
At 31 March 2023 46
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2023 573
Additions 2,899
At 31 March 2024 3,472
4
Hid-in Limited
Notes to the financial statements - continued
for the year ended 31 March 2024
5 Tangible fixed assets - continued
Depreciation
Charge for year 1,012
At 31 March 2024 1,012
Net book value
At 31 March 2024 2,460
At 31 March 2023 573
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 31 March 2024 and 31 March 2023.
31 Mar 24 31 Mar 23
£ £
Miss Katie Isherwood
Balance outstanding at start of year (292) -
Amounts repaid - (292)
Balance outstanding at end of year - (292)
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