Registered number
07045850
H V Accountancy Limited
Filleted Accounts
30 April 2024
H V Accountancy Limited
Registered number: 07045850
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 548,436 548,436
Tangible assets 4 4,420 4,420
552,856 552,856
Current assets
Debtors 5 535,512 346,194
Creditors: amounts falling due within one year 6 (54,439) (30,264)
Net current assets 481,073 315,930
Net assets 1,033,929 868,786
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,033,829 868,686
Shareholders' funds 1,033,929 868,786
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.
A N Parker
Director
Approved by the board on 24 January 2025
H V Accountancy Limited
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 652,900
At 30 April 2024 652,900
Amortisation
At 1 May 2023 104,464
At 30 April 2024 104,464
Net book value
At 30 April 2024 548,436
At 30 April 2023 548,436
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 May 2023 22,100
At 30 April 2024 22,100
Depreciation
At 1 May 2023 17,680
At 30 April 2024 17,680
Net book value
At 30 April 2024 4,420
At 30 April 2023 4,420
5 Debtors 2024 2023
£ £
Trade debtors 535,512 346,194
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 54,439 30,264
7 Related party transactions
There were no related party transactions during the year.
8 Controlling party
The company is controlled by the directors.
9 Other information
H V Accountancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 Abbey Road
Grimsby
North East Lincolnshire
DN32 0HQ
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