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REGISTERED NUMBER: 10178376 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

HUMBEAT LIMITED

HUMBEAT LIMITED (REGISTERED NUMBER: 10178376)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUMBEAT LIMITED

Company Information
for the Year Ended 31st May 2024







DIRECTOR: S S C Gillett





REGISTERED OFFICE: Upton Grange
Wonston
Sutton Scotney
Winchester
Hampshire
SO21 3LR





REGISTERED NUMBER: 10178376 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

HUMBEAT LIMITED (REGISTERED NUMBER: 10178376)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,161 18,803

CURRENT ASSETS
Debtors 5 8,396 8,870
Cash at bank 159,026 114,187
167,422 123,057
CREDITORS
Amounts falling due within one year 6 69,560 50,600
NET CURRENT ASSETS 97,862 72,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,023

91,260

CREDITORS
Amounts falling due after more than one
year

7

(13,414

)

(17,030

)

PROVISIONS FOR LIABILITIES (4,290 ) (4,701 )
NET ASSETS 97,319 69,529

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 97,317 69,527
SHAREHOLDERS' FUNDS 97,319 69,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HUMBEAT LIMITED (REGISTERED NUMBER: 10178376)

Balance Sheet - continued
31st May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st October 2024 and were signed by:





S S C Gillett - Director


HUMBEAT LIMITED (REGISTERED NUMBER: 10178376)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Humbeat Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

HUMBEAT LIMITED (REGISTERED NUMBER: 10178376)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 34,165
Additions 4,078
At 31st May 2024 38,243
DEPRECIATION
At 1st June 2023 15,362
Charge for year 5,720
At 31st May 2024 21,082
NET BOOK VALUE
At 31st May 2024 17,161
At 31st May 2023 18,803

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 29,672
DEPRECIATION
At 1st June 2023 12,982
Charge for year 4,172
At 31st May 2024 17,154
NET BOOK VALUE
At 31st May 2024 12,518
At 31st May 2023 16,690

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,396 8,870

HUMBEAT LIMITED (REGISTERED NUMBER: 10178376)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,616 3,616
Taxation and social security 54,568 38,346
Other creditors 11,376 8,638
69,560 50,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 13,414 17,030

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

2024 2023
£    £   
S S C Gillett
Balance outstanding at start of year 7,238 7,074
Amounts advanced 2,667 2,667
Amounts repaid - (2,503 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,905 7,238

9. ULTIMATE CONTROLLING PARTY

The controlling party is S S C Gillett.