1 May 2023 false Taxfiler 2024.6.1 03556195business:PrivateLimitedCompanyLtd2023-05-012024-04-30 035561952023-04-30 035561952023-05-012024-04-30 03556195business:AuditExemptWithAccountantsReport2023-05-012024-04-30 03556195business:FilletedAccounts2023-05-012024-04-30 035561952024-04-30 035561952023-04-30 03556195core:WithinOneYear2024-04-30 03556195core:WithinOneYear2023-04-30 03556195core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 03556195core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 03556195core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 03556195core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 03556195core:PreviouslyStatedAmount2024-04-30 03556195core:PreviouslyStatedAmount2023-04-30 03556195business:SmallEntities2023-05-012024-04-30 03556195business:Director12023-05-012024-04-30 03556195countries:EnglandWales2023-05-012024-04-30 03556195business:RegisteredOffice2023-05-012024-04-30 03556195core:FurnitureFittings2023-05-012024-04-30 03556195core:ComputerEquipment2023-05-012024-04-30 03556195core:FurnitureFittings2023-04-30 03556195core:ComputerEquipment2023-04-30 03556195core:FurnitureFittings2024-04-30 03556195core:ComputerEquipment2024-04-30 035561952022-05-012023-04-30 iso4217:GBP xbrli:pure
Hornett's Design Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,231 
1,719 
Current assets
Debtors
7,684 
6,423 
Cash at bank and in hand
9,842 
9,642 
17,526 
16,065 
Creditors: amounts falling due within one year
(13,181)
(15,345)
Net current assets
4,345 
720 
Net assets
7,576 
2,439 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
7,574 
2,437 
Shareholders' funds
7,576 
2,439 
For the year 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 director acknowledges her 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 and authorised for issue on 16 January 2025 and were signed on its behalf by
L M Hornett Director Company Registration No. 03556195
- 1 -
Hornett's Design Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Hornett's Design Limited is a private company, limited by shares, registered in England and Wales, registration number 03556195. The registered office is 977 London Road, Leigh-On-Sea, Essex, SS9 3LB, England.
2
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
12,786 
19,128 
31,914 
Additions
- 
2,341 
2,341 
At 30 April 2024
12,786 
21,469 
34,255 
Depreciation
At 1 May 2023
10,834 
19,361 
30,195 
Charge for the year
488 
341 
829 
At 30 April 2024
11,322 
19,702 
31,024 
Net book value
At 30 April 2024
1,464 
1,767 
3,231 
At 30 April 2023
1,952 
(233)
1,719 
- 2 -
Hornett's Design Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,684 
6,423 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
471 
419 
Trade creditors
426 
2,214 
Taxes and social security
921 
432 
Other creditors
976 
4,740 
Loans from directors
10,387 
7,540 
13,181 
15,345 
7
Transactions with related parties
During the year total dividends of £500 (2023 - £2,000) were paid to the director.
8
Controlling party
The company is controlled by the director.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 3 -