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REGISTERED NUMBER: 05012900 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

HETHERSETT LIMITED

HETHERSETT LIMITED (REGISTERED NUMBER: 05012900)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HETHERSETT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: G Brooker
Mrs J Brooker





SECRETARY: Mrs J Brooker





REGISTERED OFFICE: Union Suite, The Union Building
51-59 Rose Lane
Norwich
Norfolk
NR1 1BY





REGISTERED NUMBER: 05012900 (England and Wales)

HETHERSETT LIMITED (REGISTERED NUMBER: 05012900)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Debtors 5 183,679 188,008
Cash at bank 94,880 104,910
278,559 292,918
CREDITORS
Amounts falling due within one year 6 259,415 281,384
NET CURRENT ASSETS 19,144 11,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,144

11,534

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,142 11,532
19,144 11,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HETHERSETT LIMITED (REGISTERED NUMBER: 05012900)

BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





G R Brooker - Director


HETHERSETT LIMITED (REGISTERED NUMBER: 05012900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Hethersett Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office are as below:

Registered number: 05012900

Registered office: Union Suite The Union Building
51-59 Rose Lane
Norwich
Norfolk
England
NR1 1BY

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company is that of wholesale trade.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


HETHERSETT LIMITED (REGISTERED NUMBER: 05012900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 4,082
DEPRECIATION
At 1 February 2023
and 31 January 2024 4,082
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

HETHERSETT LIMITED (REGISTERED NUMBER: 05012900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 147,038 188,008
Other debtors 36,641 -
183,679 188,008

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 204,126 243,193
Taxation and social security 51,432 35,013
Other creditors 3,857 3,178
259,415 281,384