Company registration number 10071603 (England and Wales)
HFSAPIENT ADVISORY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
HFSAPIENT ADVISORY LIMITED
COMPANY INFORMATION
Director
Mr G Hizsak
Secretary
Dr Z Toth
Company number
10071603
Registered office
184 Cambridge Science Park
Milton Road
Cambridge
CB40GA
Accountants
Baldwin Cox Limited
15 Foster Avenue
Beeston
Nottingham
NG9 1AE
HFSAPIENT ADVISORY LIMITED
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3 - 4
HFSAPIENT ADVISORY LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HFSAPIENT ADVISORY LIMITED FOR THE YEAR ENDED 31 MARCH 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HFSAPIENT Advisory Limited for the year ended 31 March 2024, which comprise the profit and loss account and the balance sheet, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of HFSAPIENT Advisory Limited, as a body, in accordance with the terms of our engagement letter dated 26 April 2021. Our work has been undertaken solely to prepare for your approval the financial statements of HFSAPIENT Advisory Limited and state those matters that we have agreed to state to the board of directors of HFSAPIENT Advisory Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HFSAPIENT Advisory Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that HFSAPIENT Advisory Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that HFSAPIENT Advisory Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of HFSAPIENT Advisory Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Baldwin Cox Limited
23 September 2024
Chartered Accountants
15 Foster Avenue
Beeston
Nottingham
NG9 1AE
HFSAPIENT ADVISORY LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
2024
2023
£
£
Turnover
139,419
135,205
Other income
2,462
1,213
Staff costs
(32,600)
(43,000)
Depreciation and other amounts written off assets
(1,331)
(1,747)
Other charges
(10,702)
(15,145)
Tax
(22,427)
(14,111)
Profit
74,821
62,415
HFSAPIENT ADVISORY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 3 -
2024
2023
£
£
£
£
Fixed assets
1,786
3,117
Current assets
127,711
115,072
Creditors: amounts falling due within one year
(35,331)
(26,844)
Net current assets
92,380
88,228
Total assets less current liabilities
94,166
91,345
Creditors: amounts falling due after more than one year
(5,705)
(11,205)
Net assets
88,461
80,140
Capital and reserves
88,461
80,140
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
HFSAPIENT Advisory Limited is a private company limited by shares incorporated in England and Wales. The registered office is 184 Cambridge Science Park, Milton Road, Cambridge, CB40GA.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.
HFSAPIENT ADVISORY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 4 -
The financial statements were approved and signed by the director and authorised for issue on 23 September 2024
Mr G Hizsak
Director
Company registration number 10071603 (England and Wales)
- 5 -
HFSAPIENT ADVISORY LIMITED
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024
HFSAPIENT ADVISORY LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
2024
2023
£
£
Turnover
Sales
139,419
135,205
Administrative expenses
Directors' remuneration
9,000
9,000
Directors' pension costs - defined contribution scheme
23,600
34,000
Rent
1,410
829
Repairs and maintenance
-
58
Insurance
378
381
Use of home as office
312
312
Computer costs
662
1,049
Travelling expenses
3,027
8,893
Professional subscriptions
1,090
291
Accountancy
1,405
1,523
Bank charges
96
105
Printing and stationery
771
196
Telephone and Internet
464
978
Entertaining
204
134
Sundry expenses
466
145
Profit on foreign exchange
-
(116)
Depreciation
1,331
1,747
44,216
59,525
Operating Profit
95,203
75,680
Investment revenues
Bank interest received
2,462
1,213
2,462
1,213
Interest payable and similar expenses
Other interest payable
(417)
(367)
Profit before taxation
97,248
76,526