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COMPANY REGISTRATION NUMBER: 14943011
Hooley Scott Consultants Limited
Filleted Unaudited Financial Statements
30 June 2024
Hooley Scott Consultants Limited
Balance Sheet
30 June 2024
30 Jun 24
Note
£
Current assets
Debtors
5
240,753
Cash at bank and in hand
52,486
---------
293,239
Creditors: amounts falling due within one year
6
219,589
---------
Net current assets
73,650
--------
Total assets less current liabilities
73,650
--------
Net assets
73,650
--------
Capital and reserves
Called up share capital
100
Profit and loss account
73,550
--------
Shareholders funds
73,650
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 December 2024 , and are signed on behalf of the board by:
Mr J T Hooley
Mr G D Scott
Director
Director
Company registration number: 14943011
Hooley Scott Consultants Limited
Notes to the Financial Statements
Period from 19 June 2023 to 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 10 .
5. Debtors
30 Jun 24
£
Trade debtors
159,704
Other debtors
81,049
---------
240,753
---------
6. Creditors: amounts falling due within one year
30 Jun 24
£
Trade creditors
1,084
Corporation tax
34,539
Social security and other taxes
79,305
Other creditors
104,661
---------
219,589
---------
7. Financial instruments
The carrying amount for each category of financial instrument is as follows:
30 Jun 24
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
293,239
---------
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss
103,980
---------
8. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
30 Jun 24
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr J T Hooley
( 44)
( 44)
Mr G D Scott
20,797
20,797
Mr D M Scott
22,309
22,309
----
--------
--------
43,062
43,062
----
--------
--------