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Registered Number: 05244102
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 September 2023

for

INDEPENDENCE (HEDON) LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 750    1,500 
Tangible fixed assets 4 5,526    6,515 
6,276    8,015 
Current assets      
Stocks 5 3,742    3,742 
Debtors 6 156    185 
Cash at bank and in hand 976    3,382 
4,874    7,309 
Creditors: amount falling due within one year 7 (10,096)   (9,002)
Net current assets (5,222)   (1,693)
 
Total assets less current liabilities 1,054    6,322 
Provisions for liabilities 8 (1,050)   (1,238)
Net assets 4    5,084 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 3    5,083 
Shareholders' funds 4    5,084 
 


For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 21 June 2024 and were signed by:


-------------------------------
Sarah White
Director
1
General Information
Independence (Hedon) Limited is a private company, limited by shares, registered in England and Wales, registration number 05244102, registration address Oberon House , Ferries Street , Hull , East Yorkshire, HU9 1RL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 6 (2022 : 6).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 October 2022 15,000    15,000 
Additions  
Disposals  
At 30 September 2023 15,000    15,000 
Amortisation
At 01 October 2022 13,500    13,500 
Charge for year 750    750 
On disposals  
At 30 September 2023 14,250    14,250 
Net book values
At 30 September 2023 750    750 
At 30 September 2022 1,500    1,500 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 October 2022 707    17,545    1,628    19,880 
Additions      
Disposals      
At 30 September 2023 707    17,545    1,628    19,880 
Depreciation
At 01 October 2022 338    11,637    1,390    13,365 
Charge for year 55    886    48    989 
On disposals      
At 30 September 2023 393    12,523    1,438    14,354 
Net book values
Closing balance as at 30 September 2023 314    5,022    190    5,526 
Opening balance as at 01 October 2022 369    5,908    238    6,515 


5.

Stocks

2023
£
  2022
£
Stocks 3,742    3,742 
3,742    3,742 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income   185 
Directors' Current Accounts 156   
156    185 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 54    350 
Corporation Tax 1,432    2,358 
PAYE & Social Security   26 
Accrued Expenses 3,512    2,501 
Other Creditors 5,098    2,624 
Directors' Current Accounts   1,143 
10,096    9,002 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 1,238    1,460 
Charged to Profit & Loss (188)   (222)
1,050    1,238 

2