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REGISTERED NUMBER: 12472767 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2023 to 27 February 2024

for

Happymotion Limited

Happymotion Limited (Registered number: 12472767)






Contents of the Financial Statements
for the Period 1 March 2023 to 27 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Happymotion Limited

Company Information
for the Period 1 March 2023 to 27 February 2024







DIRECTOR: Ms R Liu





REGISTERED OFFICE: Ledo Shop,Unit G Westport Complex
Bankhall Lane
Liverpool
L20 8EW





REGISTERED NUMBER: 12472767 (England and Wales)





ACCOUNTANT: SDF Accountancy
30 Norman Road
London
SE10 9QX

Happymotion Limited (Registered number: 12472767)

Balance Sheet
27 February 2024

27.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,006 57,227

CURRENT ASSETS
Stocks 26,700 57,000
Debtors 5 29,174 33,265
Cash at bank and in hand 264,511 129,388
320,385 219,653
CREDITORS
Amounts falling due within one year 6 464,584 459,672
NET CURRENT LIABILITIES (144,199 ) (240,019 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(100,193

)

(182,792

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (101,193 ) (183,792 )
(100,193 ) (182,792 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Happymotion Limited (Registered number: 12472767)

Balance Sheet - continued
27 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





Ms R Liu - Director


Happymotion Limited (Registered number: 12472767)

Notes to the Financial Statements
for the Period 1 March 2023 to 27 February 2024

1. STATUTORY INFORMATION

Happymotion Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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 £.

Going concern
At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Happymotion Limited (Registered number: 12472767)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 27 February 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2023 - 11 ) .

Happymotion Limited (Registered number: 12472767)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 27 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 106,420
Additions 18,331
Disposals (7,449 )
At 27 February 2024 117,302
DEPRECIATION
At 1 March 2023 49,193
Charge for period 24,103
At 27 February 2024 73,296
NET BOOK VALUE
At 27 February 2024 44,006
At 28 February 2023 57,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 28.2.23
£    £   
Other debtors 29,174 33,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 28.2.23
£    £   
Bank loans and overdrafts 2,141 3,201
Trade creditors - (11 )
Taxation and social security 4,324 10,681
Other creditors 458,119 445,801
464,584 459,672

Happymotion Limited (Registered number: 12472767)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 27 February 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 27 February 2024 and the year ended 28 February 2023:

27.2.24 28.2.23
£    £   
Mr W An
Balance outstanding at start of period (129,994 ) (100,000 )
Amounts advanced 129,994 (29,994 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - (129,994 )

Mr W Zhang
Balance outstanding at start of period (10,736 ) (10,736 )
Amounts advanced (24,000 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (34,736 ) (10,736 )