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COMPANY REGISTRATION NUMBER: 08075817
Independent Hearing Professionals Ltd
Filleted Unaudited Financial Statements
30 April 2024
Independent Hearing Professionals Ltd
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
178,173
156,602
Cash at bank and in hand
17,718
53,034
---------
---------
195,891
209,636
Creditors: amounts falling due within one year
5
181,446
185,280
---------
---------
Net current assets
14,445
24,356
--------
--------
Total assets less current liabilities
14,445
24,356
Creditors: amounts falling due after more than one year
6
14,445
24,356
--------
--------
Net liabilities
--------
--------
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 statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his 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 20 January 2025 , and are signed on behalf of the board by:
Mr A Martin
Director
Company registration number: 08075817
Independent Hearing Professionals Ltd
Notes to the Financial Statements
Year ended 30 April 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 Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2024
2023
£
£
Trade debtors
103,199
123,702
Other debtors
74,974
32,900
---------
---------
178,173
156,602
---------
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,666
9,666
Trade creditors
132,864
134,304
Social security and other taxes
26,146
29,660
Other creditors
12,770
11,650
---------
---------
181,446
185,280
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
14,445
24,356
--------
--------