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COMPANY REGISTRATION NUMBER: 09711055
Hrace Programmes Ltd
Filleted Unaudited Financial Statements
31 July 2024
Hrace Programmes Ltd
Financial Statements
Year ended 31 July 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Hrace Programmes Ltd
Balance Sheet
31 July 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
701
1,055
Current assets
Debtors
6
305,561
15,750
Cash at bank and in hand
85,971
387,921
---------
---------
391,532
403,671
Creditors: amounts falling due within one year
7
8,630
32,506
---------
---------
Net current assets
382,902
371,165
---------
---------
Total assets less current liabilities
383,603
372,220
Provisions
Taxation including deferred tax
133
264
---------
---------
Net assets
383,470
371,956
---------
---------
Hrace Programmes Ltd
Balance Sheet (continued)
31 July 2024
2024
2023
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
383,370
371,856
---------
---------
Shareholders funds
383,470
371,956
---------
---------
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 profit and loss account has not been delivered.
For the year ending 31 July 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 February 2025 , and are signed on behalf of the board by:
Ms J Huckvale
Director
Company registration number: 09711055
Hrace Programmes Ltd
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Berkeley Close, Northampton, NN1 5BJ.
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 and in sterling, which is the functional currency of the entity.
Going concern
The company ceased to trade on 5th February 2025.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
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:
Fixtures and fittings
-
25% straight line
Equipment
-
25% straight line
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 Nil (2023: 1 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 August 2023 and 31 July 2024
2,717
1,601
4,318
-------
-------
-------
Depreciation
At 1 August 2023
2,545
718
3,263
Charge for the year
54
300
354
-------
-------
-------
At 31 July 2024
2,599
1,018
3,617
-------
-------
-------
Carrying amount
At 31 July 2024
118
583
701
-------
-------
-------
At 31 July 2023
172
883
1,055
-------
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
15,750
Other debtors
305,561
---------
--------
305,561
15,750
---------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
6,862
21,317
Social security and other taxes
16
8,916
Other creditors
1,752
2,273
-------
--------
8,630
32,506
-------
--------
8. Director's advances, credits and guarantees
During the period the director had a repayable on demand loan with the company. At the start of the period the director was owed £161, and at the end of the period the director was owed £29,568 by the company. Market rate of interest was charged on the loan.
9. Related party transactions
During the period, the company had a loan with a related party. At the start of the period this company owed Hrace Programmes Ltd £305,508 and at the end of the period there was no balance. Interest of £6,492 was received on this loan.