Registered number
11391796
Hello What Ltd
Filleted Accounts
31 May 2024
Hello What Ltd
Registered number: 11391796
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,095 7,307
Current assets
Debtors 4 1,497 124
Cash at bank and in hand 892 901
2,389 1,025
Creditors: amounts falling due within one year 5 (2,523) (3,954)
Net current liabilities (134) (2,929)
Total assets less current liabilities 3,961 4,378
Creditors: amounts falling due after more than one year 6 (4,882) (5,452)
Provisions for liabilities (778) (1,387)
Net liabilities (1,699) (2,461)
Capital and reserves
Called up share capital 100 100
Profit and loss account (1,799) (2,561)
Shareholders' funds (1,699) (2,461)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Atkinson
Director
Approved by the board on 30 September 2024
Hello What Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Computer equipment Straight line over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Computer equipment Total
£ £ £
Cost
At 1 June 2023 14,618 4,143 18,761
Additions 1,600 - 1,600
Disposals (2,855) - (2,855)
At 31 May 2024 13,363 4,143 17,506
Depreciation
At 1 June 2023 7,568 3,886 11,454
Charge for the year 2,666 83 2,749
On disposals (792) - (792)
At 31 May 2024 9,442 3,969 13,411
Net book value
At 31 May 2024 3,921 174 4,095
At 31 May 2023 7,050 257 7,307
4 Debtors 2024 2023
£ £
Other debtors 1,497 124
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,354 1,748
Taxation and social security costs 1,169 278
Other creditors - 1,928
2,523 3,954
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,491 5,452
Trade creditors 391 -
4,882 5,452
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr A Atkinson
[Loan 1] (1,928) 5,603 (2,710) 965
(1,928) 5,603 (2,710) 965
8 Related party transactions
Included within other debtors is the amount of £965.54 owed to the company. This amount is undated, unsecured and repayable upon demand. (2023 £1928 was owed to the Director.)
9 Controlling party
The controlling party is Mr A Atkinson, as the Director and shareholder.
Going concern
#
These accounts have been prepared on a going concern basis. The Director has confirmed that he will continue to provide financial support to the company until such time as its position improves.
Other information
Hello What Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
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