Registered number
13867615
HYPER PROJECTS LIMITED
Filleted Accounts
31 January 2024
HYPER PROJECTS LIMITED
Registered number: 13867615
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 250 375
Current assets
Cash at bank and in hand 594 2,076
Creditors: amounts falling due within one year 4 (6,449) (2,417)
Net current liabilities (5,855) (341)
Net (liabilities)/assets (5,605) 34
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,705) (66)
Shareholders' funds (5,605) 34
The directors are 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 directors acknowledge their 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 M Dawson
Director
Approved by the board on 21 August 2024
HYPER PROJECTS LIMITED
Notes to the Accounts
for the year ended 31 January 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:
Motor vehicles 25% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2023 500
At 31 January 2024 500
Depreciation
At 1 February 2023 125
Charge for the year 125
At 31 January 2024 250
Net book value
At 31 January 2024 250
At 31 January 2023 375
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 387
Director accounts 5,633 1,250
Other creditors 816 780
6,449 2,417
5 Controlling party
Mr M Dawson and Ms C Ward who are directors of the company jointly have a controlling interest in the company.
6 Other information
HYPER PROJECTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
27A Maxwell Road
Northwood
Middlesex
HA6 2XY
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