Registered number
03761244
HaesCooper & Associates Ltd
Filleted Accounts
30 April 2024
HaesCooper & Associates Ltd
Registered number: 03761244
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 57,614 68,947
Tangible assets 4 6,919 7,495
64,533 76,442
Current assets
Debtors 5 166,661 196,665
Cash at bank and in hand 51,323 34,540
217,984 231,205
Creditors: amounts falling due within one year 6 (164,572) (136,663)
Net current assets 53,412 94,542
Total assets less current liabilities 117,945 170,984
Creditors: amounts falling due after more than one year 7 (59,957) (79,913)
Provisions for liabilities (1,591) (1,528)
Net assets 56,397 89,543
Capital and reserves
Called up share capital 200 200
Profit and loss account 56,197 89,343
Shareholders' funds 56,397 89,543
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mrs E Barty
Director
Approved by the board on 9 January 2025
HaesCooper & Associates Ltd
Notes to the Accounts
for the year ended 30 April 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Land and buildings 15% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 170,000
At 30 April 2024 170,000
Amortisation
At 1 May 2023 101,053
Provided during the year 11,333
At 30 April 2024 112,386
Net book value
At 30 April 2024 57,614
At 30 April 2023 68,947
Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Land and buildings Computer and office equipment Total
£ £ £
Cost
At 1 May 2023 22,959 22,564 45,523
Additions - 727 727
At 30 April 2024 22,959 23,291 46,250
Depreciation
At 1 May 2023 22,959 15,069 38,028
Charge for the year - 1,303 1,303
At 30 April 2024 22,959 16,372 39,331
Net book value
At 30 April 2024 - 6,919 6,919
At 30 April 2023 - 7,495 7,495
5 Debtors 2024 2023
£ £
Trade debtors 157,772 164,887
Directors loan 1,892 9,986
Other debtors and prepayments 6,997 21,792
166,661 196,665
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors and accruals 22,211 20,326
Trade creditors 3,000 2,322
Taxation and social security costs 68,191 69,582
Deferred income 71,170 44,433
164,572 136,663
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 39,103 44,659
Directors loan 20,854 35,254
59,957 79,913
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs E L Barty
Short term loan 9,986 - (8,094) 1,892
9,986 - (8,094) 1,892
9 Other information
HaesCooper & Associates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit A, Farriers Courtyard,
Spelmonden Farm, Spelmonden Road
Goudhurst
Kent
TN17 1HE
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