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Company Registration No. 13134364 (England and Wales)
Hevvi Creative Studios Ltd Unaudited accounts for the year ended 31 January 2025
Hevvi Creative Studios Ltd Unaudited accounts Contents
Page
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Hevvi Creative Studios Ltd Company Information for the year ended 31 January 2025
Directors
Mr Daniel John Eddleston Mr Michael James Humphries
Company Number
13134364 (England and Wales)
Registered Office
(Vo8) 16 Jordan Street Baltic Creative Liverpool Merseyside L1 0BP
Accountants
Taylor Evans Accountancy 83 Ducie Street Manchester M1 2JQ
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Hevvi Creative Studios Ltd Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,799 
4,489 
Current assets
Debtors
400 
2,370 
Cash at bank and in hand
3,329 
6,567 
3,729 
8,937 
Creditors: amounts falling due within one year
(8,210)
(11,159)
Net current liabilities
(4,481)
(2,222)
Net assets
318 
2,267 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
316 
2,265 
Shareholders' funds
318 
2,267 
For the year ending 31 January 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by
Mr Daniel John Eddleston Director Company Registration No. 13134364
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Hevvi Creative Studios Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Hevvi Creative Studios Ltd is a private company, limited by shares, registered in England and Wales, registration number 13134364. The registered office is (Vo8) 16 Jordan Street, Baltic Creative, Liverpool, Merseyside, L1 0BP.
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
These financial statements for the year ended 31 January 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Computer equipment
25% Reducing balance
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Hevvi Creative Studios Ltd Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2024
6,286 
Additions
1,581 
At 31 January 2025
7,867 
Depreciation
At 1 February 2024
1,797 
Charge for the year
1,271 
At 31 January 2025
3,068 
Net book value
At 31 January 2025
4,799 
At 31 January 2024
4,489 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
400 
2,370 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
2,042 
1,395 
Loans from directors
6,168 
9,044 
Accruals
- 
720 
8,210 
11,159 
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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