Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-012true2falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14135606 2023-06-01 2024-05-31 14135606 2022-05-26 2023-05-31 14135606 2024-05-31 14135606 2023-05-31 14135606 c:Director1 2023-06-01 2024-05-31 14135606 d:OfficeEquipment 2023-06-01 2024-05-31 14135606 d:OfficeEquipment 2024-05-31 14135606 d:OfficeEquipment 2023-05-31 14135606 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14135606 d:CurrentFinancialInstruments 2024-05-31 14135606 d:CurrentFinancialInstruments 2023-05-31 14135606 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14135606 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14135606 d:ShareCapital 2024-05-31 14135606 d:ShareCapital 2023-05-31 14135606 d:RetainedEarningsAccumulatedLosses 2024-05-31 14135606 d:RetainedEarningsAccumulatedLosses 2023-05-31 14135606 c:FRS102 2023-06-01 2024-05-31 14135606 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14135606 c:FullAccounts 2023-06-01 2024-05-31 14135606 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 14135606









HOROSOAPS LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
HOROSOAPS LTD
REGISTERED NUMBER: 14135606

BALANCE SHEET
AS AT 31 MAY 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
4,820
-

  
4,820
-

Current assets
  

Stocks
  
20,949
2,250

Cash at bank and in hand
 5 
6,751
1,968

  
27,700
4,218

Creditors: amounts falling due within one year
 6 
(70,435)
(31,849)

Net current liabilities
  
 
 
(42,735)
 
 
(27,631)

Total assets less current liabilities
  
(37,915)
(27,631)

  

Net liabilities
  
(37,915)
(27,631)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(37,917)
(27,633)

  
(37,915)
(27,631)


Page 1

 
HOROSOAPS LTD
REGISTERED NUMBER: 14135606
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
I Welsh
Director

Date: 25 February 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
HOROSOAPS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Horosoaps Ltd is a private company limited by shares. The company is incorporated in England and Wales, and the address of its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The registered company number is 14135606.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Whilst the company is in a net liabilities position, it retains the support of its shareholders and as such
the director considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
HOROSOAPS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).

Page 4

 
HOROSOAPS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
5,380



At 31 May 2024

5,380



Depreciation


Charge for the period on owned assets
560



At 31 May 2024

560



Net book value



At 31 May 2024
4,820



At 31 May 2023
-


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,751
1,968

6,751
1,968



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
86
-

Other creditors
68,349
29,849

Accruals and deferred income
2,000
2,000

70,435
31,849


 
Page 5