Hampshire Broadband Limited 10669355 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is optic fibre broadband infrastructure Digita Accounts Production Advanced 6.30.9574.0 true true 10669355 2023-04-01 2024-03-31 10669355 2024-03-31 10669355 core:CurrentFinancialInstruments 2024-03-31 10669355 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10669355 core:Goodwill 2024-03-31 10669355 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 10669355 bus:SmallEntities 2023-04-01 2024-03-31 10669355 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10669355 bus:FilletedAccounts 2023-04-01 2024-03-31 10669355 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10669355 bus:RegisteredOffice 2023-04-01 2024-03-31 10669355 bus:CompanySecretary1 2023-04-01 2024-03-31 10669355 bus:Director1 2023-04-01 2024-03-31 10669355 bus:Director2 2023-04-01 2024-03-31 10669355 bus:Director4 2023-04-01 2024-03-31 10669355 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10669355 core:Goodwill 2023-04-01 2024-03-31 10669355 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10669355 core:PlantMachinery 2023-04-01 2024-03-31 10669355 countries:AllCountries 2023-04-01 2024-03-31 10669355 2023-03-31 10669355 core:Goodwill 2023-03-31 10669355 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 10669355 2022-04-01 2023-03-31 10669355 2023-03-31 10669355 core:CurrentFinancialInstruments 2023-03-31 10669355 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10669355 core:Goodwill 2023-03-31 10669355 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10669355

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Company Information

Directors

Mr M G Slatford

Mr T J Forsyth

Mr C G Radford

Company secretary

Mrs G Jenkins

Registered office

5 High Green
Great Shelford
Cambridgeshire
CB22 5EG

Accountants

Tayabali & White
5 High Green
Great Shelford
Cambridge
Cambridgeshire
CB22 5EG

 

Hampshire Broadband Limited

trading as Hampshire Community Broadband

(Registration number: 10669355)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

10,752

14,336

Tangible assets

5

686,743

601,888

 

697,495

616,224

Current assets

 

Debtors

6

10,429

12,129

Cash at bank and in hand

 

65,366

42,454

 

75,795

54,583

Creditors: Amounts falling due within one year

7

(28,578)

(48,202)

Net current assets

 

47,217

6,381

Net assets

 

744,712

622,605

Capital and reserves

 

Called up share capital

8

162,071

162,071

Share premium reserve

5,850

5,850

Retained earnings

576,791

454,684

Shareholders' funds

 

744,712

622,605

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Hampshire Broadband Limited

trading as Hampshire Community Broadband

(Registration number: 10669355)
Balance Sheet as at 31 March 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 October 2024 and signed on its behalf by:
 

.........................................
Mr M G Slatford
Director

 

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company's registered number is 10669355.

The address of its registered office is:
5 High Green
Great Shelford
Cambridgeshire
CB22 5EG
United Kingdom

These financial statements were authorised for issue by the Board on 1 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Infrastructure Build Costs

4% per annum on a monthly basis from the date of purchase

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a customer list in 2022, is being amortised evenly over its estimated useful life of five years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

17,920

17,920

At 31 March 2024

17,920

17,920

Amortisation

At 1 April 2023

3,584

3,584

Amortisation charge

3,584

3,584

At 31 March 2024

7,168

7,168

Carrying amount

At 31 March 2024

10,752

10,752

At 31 March 2023

14,336

14,336

5

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

701,172

701,172

Additions

115,750

115,750

At 31 March 2024

816,922

816,922

Depreciation

At 1 April 2023

99,284

99,284

Charge for the year

30,895

30,895

At 31 March 2024

130,179

130,179

Carrying amount

At 31 March 2024

686,743

686,743

At 31 March 2023

601,888

601,888

 

Hampshire Broadband Limited

trading as Hampshire Community Broadband

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

784

2,994

Prepayments

300

3,742

Other debtors

9,345

5,393

 

10,429

12,129

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

19,027

30

Taxation and social security

8,676

4,532

Accruals and deferred income

875

23,643

Other creditors

-

19,997

28,578

48,202

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

162,071

162,071

162,071

162,071