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Company No: 13631351 (England and Wales)

HOOPSYDAISY LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

HOOPSYDAISY LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

HOOPSYDAISY LTD

BALANCE SHEET

As at 31 March 2024
HOOPSYDAISY LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 4,233 3,565
4,233 3,565
Current assets
Debtors 4 170,238 76,534
Cash at bank and in hand 78,354 74,486
248,592 151,020
Creditors: amounts falling due within one year 5 ( 88,998) ( 53,364)
Net current assets 159,594 97,656
Total assets less current liabilities 163,827 101,221
Provision for liabilities ( 1,058) ( 891)
Net assets 162,769 100,330
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 162,669 100,230
Total shareholder's funds 162,769 100,330

For the financial 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.

Director's responsibilities:

The financial statements of HoopsyDaisy Ltd (registered number: 13631351) were approved and authorised for issue by the Director on 26 November 2024. They were signed on its behalf by:

Ms E Sela
Director
HOOPSYDAISY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
HOOPSYDAISY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

HoopsyDaisy Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor, 90 Victoria Street, Bristol, BS1 6DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 April 2023 4,193 4,193
Additions 1,904 1,904
At 31 March 2024 6,097 6,097
Accumulated depreciation
At 01 April 2023 628 628
Charge for the financial year 1,236 1,236
At 31 March 2024 1,864 1,864
Net book value
At 31 March 2024 4,233 4,233
At 31 March 2023 3,565 3,565

4. Debtors

2024 2023
£ £
Trade debtors 0 4,134
Amounts owed by director 43,227 38,455
Other debtors 127,011 33,945
170,238 76,534

5. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 4,520 2,750
Taxation and social security 84,478 50,614
88,998 53,364

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Director's loan account 43,227 38,455

During the financial period, advances of £89,161 were made to the director. The director made repayments of £84,389. At the end of the financial period, the Company was owed £43,227 by the director in respect to the Director's loan account. This amount is disclosed in the Balance Sheet under Debtors.