Company Registration No. 11596791 (England and Wales)
Hyphen Works Ltd
Unaudited accounts
for the year ended 31 December 2023
Hyphen Works Ltd
Unaudited accounts
Contents
Hyphen Works Ltd
Company Information
for the year ended 31 December 2023
Company Number
11596791 (England and Wales)
Registered Office
164 New Cavendish Street
C/o Accountancy Managers Limited
London
W1W 6YT
United Kingdom
Hyphen Works Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
14,575
64,901
Creditors: amounts falling due within one year
(102,640)
(47,350)
Net current assets
16,804
19,370
Called up share capital
400
400
Profit and loss account
16,404
18,970
Shareholders' funds
16,804
19,370
For the year ending 31 December 2023 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 25 September 2024 and were signed on its behalf by
Cameron Treeby
Director
Company Registration No. 11596791
Hyphen Works Ltd
Notes to the Accounts
for the year ended 31 December 2023
Hyphen Works Ltd is a private company, limited by shares, registered in England and Wales, registration number 11596791. The registered office is 164 New Cavendish Street, C/o Accountancy Managers Limited , London, W1W 6YT, 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 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Hyphen Works Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
98,869
1,519
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
67,181
23,654
Other creditors
22,085
1,445
Loans from directors
1,300
650
Allotted, called up and fully paid:
400 Ordinary shares of £1 each
400
400
7
Transactions with related parties
Included in other creditors is an amount of £1,300 (2022: £650) owed by the company to Mr C Treeby.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).