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
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
Hevvi Creative Studios Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
4,799
4,489
Cash at bank and in hand
3,329
6,567
Creditors: amounts falling due within one year
(8,210)
(11,159)
Net current liabilities
(4,481)
(2,222)
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
Hevvi Creative Studios Ltd
Notes to the Accounts
for the year ended 31 January 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
Hevvi Creative Studios Ltd
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
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
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).