Company registration number 09784767 (England and Wales)
BOTHHANDS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BOTHHANDS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BOTHHANDS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
57
Current assets
Debtors
4
1,239
8,096
Cash at bank and in hand
877
2,952
2,116
11,048
Creditors: amounts falling due within one year
5
(238,196)
(222,818)
Net current liabilities
(236,080)
(211,770)
Net liabilities
(236,080)
(211,713)
Capital and reserves
Called up share capital
200,000
200,000
Profit and loss reserves
(436,080)
(411,713)
Total equity
(236,080)
(211,713)
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 17 February 2025
R Harrison
Director
Company registration number 09784767 (England and Wales)
BOTHHANDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
BothHands Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pinnocks Fawley Bottom Lane, Fawley, Henley-On-Thames, RG9 6JH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Total liabilities exceed current assets at the balance sheet date. The director considers that the company has sufficient liquid assets to meet its liabilities as and when they fall due, and that the company has sufficient support from its director, shareholder and creditors. Accordingly the director considers that it is appropriate to prepare the accounts on a going concern basis.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
33.33% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
BOTHHANDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
4,040
Disposals
(4,040)
At 31 December 2024
Depreciation and impairment
At 1 January 2024
3,983
Eliminated in respect of disposals
(3,983)
At 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
57
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
7,500
Other debtors
1,239
596
1,239
8,096
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,964
1,336
Taxation and social security
569
1,722
Other creditors
234,663
219,760
238,196
222,818
6
Related party transactions
At the year end the company owed £234,662 (2023 - £218,462) to the director of the company, in respect of an interest free loan repayable on demand.
During the year, remuneration of £10,000 (2023 - £40,000) was paid to R Harrison.