Company Registration No. 14783551 (England and Wales)
Hakkapo Ltd
Unaudited accounts
for the period from 5 April 2023 to 30 April 2024
Hakkapo Ltd
Unaudited accounts
Contents
Hakkapo Ltd
Company Information
for the period from 5 April 2023 to 30 April 2024
Directors
Krzysztof Borowiak
Man Wai Lee
Ying Kit Lee
Company Number
14783551 (England and Wales)
Registered Office
29 Waterside Way
Middlewich
CW10 9HP
England
Accountants
Shipleys Tax - Chartered Accountants
32 Park Cross Street
Leeds
West Yorkshire
LS1 2QH
Hakkapo Ltd
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
10,447
Creditors: amounts falling due within one year
(216,500)
Net current liabilities
(179,880)
Total assets less current liabilities
65,951
Creditors: amounts falling due after more than one year
(112,500)
Profit and loss account
(46,552)
Shareholders' funds
(46,549)
For the period ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by
Krzysztof Borowiak
Director
Company Registration No. 14783551
Hakkapo Ltd
Notes to the Accounts
for the period from 5 April 2023 to 30 April 2024
Hakkapo Ltd is a private company, limited by shares, registered in England and Wales, registration number 14783551. The registered office is 29 Waterside Way, Middlewich, CW10 9HP, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts have been prepared on the going concern basis due to the continued support of the directors
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except that:
1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax assets and liabilities are not discounted.
Hakkapo Ltd
Notes to the Accounts
for the period from 5 April 2023 to 30 April 2024
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Other tangible fixed assets
25% reducing balance
Inventories are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss
Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 5 April 2023
132,649
118,291
2,127
253,067
At 30 April 2024
132,649
118,291
2,127
253,067
Charge for the period
4,606
2,561
69
7,236
At 30 April 2024
4,606
2,561
69
7,236
At 30 April 2024
128,043
115,730
2,058
245,831
Hakkapo Ltd
Notes to the Accounts
for the period from 5 April 2023 to 30 April 2024
Amounts falling due within one year
Accrued income and prepayments
1,538
6
Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
30,000
Taxes and social security
8,602
Loans from directors
138,456
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Creditors: amounts falling due after more than one year
2024
Allotted, called up and fully paid:
300 Ordinary shares of £0.01 each
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9
Average number of employees
During the period the average number of employees was 11.