Registered number
07511839
Hingley Financial Limited
Unaudited Filleted Accounts
29 February 2024
Hingley Financial Limited
Registered number: 07511839
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 3,000 6,537
Cash at bank and in hand 3,480 4,755
6,480 11,292
Creditors: amounts falling due within one year 4 (3,613) (3,538)
Net current assets 2,867 7,754
Total assets less current liabilities 2,867 7,754
Creditors: amounts falling due after more than one year 5 (5,037) (8,730)
Net liabilities (2,170) (976)
Capital and reserves
Called up share capital 2 2
Profit and loss account (2,172) (978)
Shareholder's funds (2,170) (976)
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 her 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.
L Hingley
Director
Approved by the board on 22 November 2024
Hingley Financial Limited
Notes to the Accounts
for the year ended 29 February 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).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Other debtors 3,000 6,537
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,013 2,938
Other creditors 600 600
3,613 3,538
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,037 8,730
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
L Hingley
Short term loan with no interest charged - 3,000 - 3,000
- 3,000 - 3,000
7 Controlling party
Ms L Hingley is the controlling party by virtue of her shareholding.
8 Other information
Hingley Financial Limited is a private company limited by shares and incorporated in England. Its registered office is:
113 Johnston Road
Llanishen
Cardiff
CF14 5HJ
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