Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06968942 2023-02-01 2024-01-31 06968942 2022-02-01 2023-01-31 06968942 2024-01-31 06968942 2023-01-31 06968942 c:Director1 2023-02-01 2024-01-31 06968942 d:OfficeEquipment 2023-02-01 2024-01-31 06968942 d:OfficeEquipment 2024-01-31 06968942 d:OfficeEquipment 2023-01-31 06968942 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06968942 d:CurrentFinancialInstruments 2024-01-31 06968942 d:CurrentFinancialInstruments 2023-01-31 06968942 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 06968942 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06968942 d:ShareCapital 2024-01-31 06968942 d:ShareCapital 2023-01-31 06968942 d:RetainedEarningsAccumulatedLosses 2024-01-31 06968942 d:RetainedEarningsAccumulatedLosses 2023-01-31 06968942 c:FRS102 2023-02-01 2024-01-31 06968942 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06968942 c:FullAccounts 2023-02-01 2024-01-31 06968942 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06968942 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 06968942









ADAM HURTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
ADAM HURTS LIMITED
REGISTERED NUMBER: 06968942

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
788
1,575

  
788
1,575

Current assets
  

Debtors: amounts falling due within one year
 5 
223,289
213,894

Cash at bank and in hand
 7 
53,333
208,464

  
276,622
422,358

Creditors: amounts falling due within one year
 8 
(10,450)
(9,231)

Net current assets
  
 
 
266,172
 
 
413,127

Total assets less current liabilities
  
266,960
414,702

  

Net assets
  
266,960
414,702


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
266,959
414,701

  
266,960
414,702


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Page 1

 
ADAM HURTS LIMITED
REGISTERED NUMBER: 06968942
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

Mr A Anderson
Director

Date: 24 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ADAM HURTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Adam Hurts Limited is a private company limited by share capital, incorporated in England and Wales, registration number 06968942. The address of the registered office is 50 Liverpool Street, London, EC2M 7PY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Turnover from royalties is recognised when the income is fixed or determinable and collectability is reasonably assured.

Page 3

 
ADAM HURTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
Page 4

 
ADAM HURTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 February 2023
21,436



At 31 January 2024

21,436



Depreciation


At 1 February 2023
19,861


Charge for the year on owned assets
787



At 31 January 2024

20,648



Net book value



At 31 January 2024
788



At 31 January 2023
1,575


5.


Debtors

2024
2023
£
£


Trade debtors
11,180
-
Page 5

 
ADAM HURTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.Debtors (continued)


Other debtors
199,516
213,465

Prepayments and accrued income
12,593
429

223,289
213,894



6.


Fixed asset investments

The company is a 50% partner in an unincorporated partnership based in the United Kingdom. 
It is also a 25% partner in a Limited Liability Partnership incorporated in England and Wales.







7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
53,333
208,464

53,333
208,464



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
660
2,310

Other creditors
2,779
1,242

Accruals and deferred income
7,011
5,679

10,450
9,231


Page 6

 
ADAM HURTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Related party transactions

During the year ordinary dividends totalling £160,000 (2023: £175,000) were paid to the director in his capacity as shareholder of the company.
lncluded in debtors at the balance sheet date is an amount of £18,865 (2023: £20,828) due from an unincorporated partnership in which the company is an equal partner. The balance is in respect of profit share due from the partnership less expenses borne by that entity on behalf of this company. This amount is unsecured, interest free and repayable on demand. The loss shared for the year was £4,612 (2023: £8,807).
Also included in other debtors at the balance sheet date is an amount of £175,538 (2023: £189,576) due from the director. The amount is in respect of expenses borne by the company. This amount is unsecured, interest free and repayable on demand.
Also included in other debtors at the balance sheet date is an amount of £2,508 (2023: £1,242 creditor) due from a Limited Liability Partnership. The company is an equal partner in that entity. The amount is in respect of expenses borne by the company. This amount is unsecured, interest free and repayable on demand.

 
Page 7