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COMPANY REGISTRATION NUMBER: 04033059
HONEYPOT BUSINESS SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2024
HONEYPOT BUSINESS SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
14,122
19,443
CURRENT ASSETS
Debtors
6
3,245
Cash at bank and in hand
29,491
40,423
--------
--------
29,491
43,668
CREDITORS: amounts falling due within one year
7
14,089
11,305
--------
--------
NET CURRENT ASSETS
15,402
32,363
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
29,524
51,806
PROVISIONS
Taxation including deferred tax
596
--------
--------
NET ASSETS
29,524
51,210
--------
--------
CAPITAL AND RESERVES
Called up share capital
8
2
2
Profit and loss account
29,522
51,208
--------
--------
SHAREHOLDERS FUNDS
29,524
51,210
--------
--------
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 .
HONEYPOT BUSINESS SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 29 January 2025 , and are signed on behalf of the board by:
Mr D Gulacsi
Director
Company registration number: 04033059
HONEYPOT BUSINESS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 30 April 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 1 Midhurst Grove, Wolverhampton, West Midlands, WV6 8XN.
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. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Taxation
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Motor vehicles
-
25% reducing balance
Office equipment
-
15% straight line
Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities .
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.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Computer equipment
Motor vehicles
Office equipment
Total
£
£
£
£
Cost
At 1 May 2023 and 30 April 2024
3,352
71,464
1,300
76,116
-------
--------
-------
--------
Depreciation
At 1 May 2023
2,856
52,946
871
56,673
Charge for the year
496
4,630
195
5,321
-------
--------
-------
--------
At 30 April 2024
3,352
57,576
1,066
61,994
-------
--------
-------
--------
Carrying amount
At 30 April 2024
13,888
234
14,122
-------
--------
-------
--------
At 30 April 2023
496
18,518
429
19,443
-------
--------
-------
--------
6. DEBTORS
2024
2023
£
£
Other debtors
3,245
----
-------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
211
221
Other creditors
13,878
11,084
--------
--------
14,089
11,305
--------
--------
8. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
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