Registered number
14262103
Hacked Reality Studio Ltd
Filleted Accounts
31 July 2024
Hacked Reality Studio Ltd
Registered number: 14262103
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,536 2,256
Current assets
Cash at bank and in hand 4,403 9,218
Creditors: amounts falling due within one year 4 (9,684) (13,631)
Net current liabilities (5,281) (4,413)
Net assets/(liabilities) 255 (2,157)
Capital and reserves
Called up share capital 1 1
Profit and loss account 254 (2,158)
Shareholder's funds 255 (2,157)
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 member has 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.
M Heaney
Director
Approved by the board on 18 October 2024
Hacked Reality Studio Ltd
Notes to the Accounts
for the year ended 31 July 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% Reducing Balance
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 3,008
Additions 5,125
At 31 July 2024 8,133
Depreciation
At 1 August 2023 752
Charge for the year 1,845
At 31 July 2024 2,597
Net book value
At 31 July 2024 5,536
At 31 July 2023 2,256
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,092 -
Other creditors 8,592 13,631
9,684 13,631
5 Other information
Hacked Reality Studio Ltd is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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