Company Registration No. 09601754 (England and Wales)
HEDGES IP LIMITED
Unaudited accounts
for the period from 1 August 2023 to 31 March 2024
HEDGES IP LIMITED
Unaudited accounts
Contents
HEDGES IP LIMITED
Company Information
for the period from 1 August 2023 to 31 March 2024
Director
MARTIN NICHOLAS HEDGES
Company Number
09601754 (England and Wales)
Registered Office
35 ST LEONARDS ROAD
NN4 8DL
United Kingdom
Accountants
Robins & Co
35 St Leonards Road
Northampton
NN4 8DL
HEDGES IP LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
35,615
42,616
Cash at bank and in hand
67,175
78,909
Creditors: amounts falling due within one year
(3,514)
(6,023)
Net current assets
78,627
85,888
Total assets less current liabilities
114,242
128,504
Provisions for liabilities
Deferred tax
(6,767)
(8,097)
Net assets
107,475
120,407
Called up share capital
100
100
Profit and loss account
107,375
120,307
Shareholders' funds
107,475
120,407
For the period 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 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 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 and authorised for issue on 30 May 2024 and were signed on its behalf by
MARTIN NICHOLAS HEDGES
Director
Company Registration No. 09601754
HEDGES IP LIMITED
Notes to the Accounts
for the period from 1 August 2023 to 31 March 2024
HEDGES IP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09601754. The registered office is 35 ST LEONARDS ROAD, NN4 8DL, United Kingdom.
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 period, 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.
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
Fixtures & fittings
20% Reducing balance
Computer equipment
33.33% Straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
53,465
1,286
3,991
58,742
At 31 March 2024
53,465
1,286
4,866
59,617
At 1 August 2023
12,612
343
3,171
16,126
Charge for the period
7,428
135
313
7,876
At 31 March 2024
20,040
478
3,484
24,002
At 31 March 2024
33,425
808
1,382
35,615
At 31 July 2023
40,853
943
820
42,616
HEDGES IP LIMITED
Notes to the Accounts
for the period from 1 August 2023 to 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
1,306
1,866
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
949
-
Loans from directors
907
699
7
Average number of employees
During the period the average number of employees was 3 (2023: 3).