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Company Registration No. 12816762 (England and Wales)
Hear Happy LTD Unaudited accounts for the year ended 31 July 2024
Hear Happy LTD Unaudited accounts Contents
Page
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Hear Happy LTD Company Information for the year ended 31 July 2024
Director
H. Tanton
Company Number
12816762 (England and Wales)
Registered Office
19 Industrial Road Sowerby Bridge West Yorkshire HX6 2RB
Accountants
Small Business Accountancy 18 Stoney Hill Rastrick Brighouse West Yorkshire HD6 3BP
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Hear Happy LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,101 
1,238 
Tangible assets
10,942 
9,934 
12,043 
11,172 
Current assets
Inventories
2,252 
623 
Debtors
10,109 
6,780 
Cash at bank and in hand
30,879 
25,342 
43,240 
32,745 
Creditors: amounts falling due within one year
(7,405)
(4,610)
Net current assets
35,835 
28,135 
Total assets less current liabilities
47,878 
39,307 
Provisions for liabilities
Deferred tax
(2,079)
(1,887)
Net assets
45,799 
37,420 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
45,798 
37,419 
Shareholders' funds
45,799 
37,420 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2024 and were signed on its behalf by
H. Tanton Director Company Registration No. 12816762
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Hear Happy LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Hear Happy LTD is a private company, limited by shares, registered in England and Wales, registration number 12816762. The registered office is 19 Industrial Road, Sowerby Bridge, West Yorkshire, HX6 2RB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Hear Happy LTD Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
1,375 
At 31 July 2024
1,375 
Amortisation
At 1 August 2023
137 
Charge for the year
137 
At 31 July 2024
274 
Net book value
At 31 July 2024
1,101 
At 31 July 2023
1,238 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
11,047 
- 
3,602 
14,649 
Additions
2,854 
881 
206 
3,941 
At 31 July 2024
13,901 
881 
3,808 
18,590 
Depreciation
At 1 August 2023
3,608 
- 
1,107 
4,715 
Charge for the year
2,081 
177 
675 
2,933 
At 31 July 2024
5,689 
177 
1,782 
7,648 
Net book value
At 31 July 2024
8,212 
704 
2,026 
10,942 
At 31 July 2023
7,439 
- 
2,495 
9,934 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,766 
6,253 
Accrued income and prepayments
343 
527 
10,109 
6,780 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,109 
3,599 
Loans from directors
4,402 
195 
Accruals
894 
816 
7,405 
4,610 
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Hear Happy LTD Notes to the Accounts for the year ended 31 July 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
2,079 
1,887 
2024 
2023 
£ 
£ 
Provision at start of year
1,887 
1,391 
Charged to the profit and loss account
192 
496 
Provision at end of year
2,079 
1,887 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Transactions with related parties
The company is in receipt of a loan amounting to £4,402.00 from a member of key management personnel. The loan is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
11
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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