Company Registration No. 12504402 (England and Wales)
Hashbang Digital Limited
Unaudited accounts
for the year ended 31 March 2024
Hashbang Digital Limited
Unaudited accounts
Contents
Hashbang Digital Limited
Company Information
for the year ended 31 March 2024
Directors
Andrew Bell
Daniel Perry
Paul Watson
Company Number
12504402 (England and Wales)
Registered Office
International House
12 Constance Street
London
E16 2DQ
England
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Hashbang Digital Limited
Statement of financial position
as at 31 March 2024
Tangible assets
165,713
22,634
Cash at bank and in hand
949,655
848,113
Creditors: amounts falling due within one year
(416,164)
(426,320)
Net current assets
1,029,529
849,248
Total assets less current liabilities
1,195,242
871,882
Provisions for liabilities
Deferred tax
(31,485)
(4,300)
Net assets
1,163,757
867,582
Called up share capital
300
300
Profit and loss account
1,163,457
867,282
Shareholders' funds
1,163,757
867,582
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
Andrew Bell
Director
Company Registration No. 12504402
Hashbang Digital Limited
Notes to the Accounts
for the year ended 31 March 2024
Hashbang Digital Limited is a private company, limited by shares, registered in England and Wales, registration number 12504402. The registered office is International House, 12 Constance Street, London, E16 2DQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
33.33% straight line
Hashbang Digital Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
-
28,799
28,799
Additions
161,260
9,633
170,893
At 31 March 2024
161,260
38,432
199,692
At 1 April 2023
-
6,165
6,165
Charge for the year
16,908
10,906
27,814
At 31 March 2024
16,908
17,071
33,979
At 31 March 2024
144,352
21,361
165,713
At 31 March 2023
-
22,634
22,634
Amounts falling due within one year
Trade debtors
488,902
423,192
Accrued income and prepayments
7,136
4,263
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
16,220
46,373
Taxes and social security
191,339
173,956
Other creditors
5,083
14,400
Loans from directors
900
900
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300
300
8
Average number of employees
During the year the average number of employees was 11 (2023: 10).