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Hoops Media Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07120604
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 330 -
330 -
CURRENT ASSETS
Debtors 5 2,210 1,727
Cash at bank and in hand 240 1,902
2,450 3,629
Creditors: Amounts Falling Due Within One Year 6 (19,086 ) (24,278 )
NET CURRENT ASSETS (LIABILITIES) (16,636 ) (20,649 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,306 ) (20,649 )
NET LIABILITIES (16,306 ) (20,649 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (16,406 ) (20,749 )
SHAREHOLDERS' FUNDS (16,306) (20,649)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
N D Gandy
Director
21 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hoops Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07120604 . The registered office is C/O Bwbca Limited Dukes Court, Duke Street, Woking, Surrey, GU21 5BH.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
It is believed that preparing the accounts on the going concern basis is appropriate due to the continued support of the shareholder of the company.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% on cost
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred 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
Average number of employees during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 372
Additions 330
As at 31 January 2024 702
Depreciation
As at 1 February 2023 372
As at 31 January 2024 372
...CONTINUED
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Net Book Value
As at 31 January 2024 330
As at 1 February 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 783 750
Other debtors 1,427 977
2,210 1,727
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 18,879 23,798
Taxation and social security 207 480
19,086 24,278
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
8. Related Party Transactions
At the balance sheet date, the company owed the director £17,911 (2023: £22,799). This amount is interest free and repayable upon demand, however, the director has confirmed they will not withdraw their loan to the detriment of the company or its other creditors.
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