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Registered number: 5449499
Hooke Sound & Light Limited
Financial Statements
For The Year Ended 31 March 2024
EasyBooks Wales Ltd
Unit 4, Dragon 24 North Dock
Llanelli
SA15 2LF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5449499
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 210,809 197,217
210,809 197,217
CURRENT ASSETS
Debtors 5 66,845 66,794
Cash at bank and in hand 111,149 49,013
177,994 115,807
Creditors: Amounts Falling Due Within One Year 6 (111,043 ) (76,709 )
NET CURRENT ASSETS (LIABILITIES) 66,951 39,098
TOTAL ASSETS LESS CURRENT LIABILITIES 277,760 236,315
Creditors: Amounts Falling Due After More Than One Year 7 (111,067 ) (109,870 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,335 ) (37,624 )
NET ASSETS 126,358 88,821
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 126,258 88,721
SHAREHOLDERS' FUNDS 126,358 88,821
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Hooke
Director
15/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Hooke Sound & Light Limited Registered number 5449499 is a limited by shares company incorporated in England & Wales. The Registered Office is 579 Trewyddfa Road, Morriston , Swansea, SA6 7QL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line basis
Motor Vehicles 25% Straight Line basis
Fixtures & Fittings 25% Straight Line basis
Computer Equipment 25% Straight Line basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 796,900 36,846 9,376 22,255 865,377
Additions 64,342 32,756 - 1,384 98,482
Disposals (22,171 ) - (110 ) (841 ) (23,122 )
As at 31 March 2024 839,071 69,602 9,266 22,798 940,737
Depreciation
As at 1 April 2023 616,534 36,474 3,131 12,021 668,160
Provided during the period 72,402 6,513 2,091 3,206 84,212
Disposals (21,507 ) - (110 ) (827 ) (22,444 )
As at 31 March 2024 667,429 42,987 5,112 14,400 729,928
Net Book Value
As at 31 March 2024 171,642 26,615 4,154 8,398 210,809
As at 1 April 2023 180,366 372 6,245 10,234 197,217
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 59,058 56,240
Prepayments and accrued income 1,537 4,304
Other debtors 6,250 6,250
66,845 66,794
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,926 17,495
Trade creditors 46,937 30,233
Bank loans and overdrafts 13,774 24,758
Other taxes and social security 1,690 899
...CONTINUED
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VAT 23,909 433
Other creditors 1,507 1,671
Accruals and deferred income 1,300 1,220
111,043 76,709
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,115 16,932
Bank loans 10,648 10,648
Directors loan account 78,304 82,290
111,067 109,870
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 21,926 17,495
Later than one year and not later than five years 22,115 16,932
44,041 34,427
44,041 34,427
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 30,000 30,000
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