Registered Number:10167085 |
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2024
Hidden Assets Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Hidden Assets Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
177,344
305,148
2
177,344
305,148
Trade and other receivables |
1,128,202
987,796
3
606,550
Cash and cash equivalents |
402,153
1,389,949
1,734,752
Trade and other payables: amounts falling due within one |
year |
(146,338)
(343,884)
4
1,588,414
1,046,065
Net current assets
Total assets less current liabilities |
1,223,409
1,893,562
Trade and other payables: amounts falling due after more |
than one year |
(311,570)
(216,600)
5
1,006,809
Net assets
1,581,992
1
1
1,006,808
1,581,991
1,006,809
1,581,992
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Anthony Francis Lambert Director |
These financial statements were approved and authorised for issue by the Board on 18 October 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 30 April 2024
Hidden Assets Limited
Notes to the Financial Statements
Statutory Information
Hidden Assets Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 10167085. |
Summit House
Horsecroft Road
Harlow
Essex
CM19 5BN
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
2 of 4
For the year ended 30 April 2024
Hidden Assets Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
749,167
11,922
205,546
531,699
2,399
1,049
-
1,350
533,049
205,546
12,971
751,566
Provision for depreciation and impairment |
444,019
6,721
96,576
340,722
Charge for year
130,203
2,157
39,538
88,508
574,222
8,878
136,114
429,230
103,819
69,432
4,093
177,344
190,977
108,970
5,201
305,148
3. Trade and other receivables |
2023
2024
20,680
52,836
967,116
1,075,366
1,128,202
987,796
4. Trade and other payables: amounts falling due within one year |
2023
2024
106,559
11,208
Taxation and social security |
4,297
24,041
233,028
111,089
343,884
146,338
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
21,600
31,570
195,000
280,000
216,600
311,570
3 of 4
For the year ended 30 April 2024
Hidden Assets Limited
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 4)
4 of 4