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
Hear Happy LTD
Company Information
for the year ended 31 July 2024
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
Hear Happy LTD
Statement of financial position
as at 31 July 2024
Intangible assets
1,101
1,238
Tangible assets
10,942
9,934
Cash at bank and in hand
30,879
25,342
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)
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
Hear Happy LTD
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Hear Happy LTD
Notes to the Accounts
for the year ended 31 July 2024
4
Intangible fixed assets
Other
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
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
At 31 July 2024
8,212
704
2,026
10,942
At 31 July 2023
7,439
-
2,495
9,934
Amounts falling due within one year
Accrued income and prepayments
343
527
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,109
3,599
Loans from directors
4,402
195
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
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
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).