1 July 2023 false No description of principal activity Taxfiler 2024.6 14006946business:PrivateLimitedCompanyLtd2023-07-012024-06-30 140069462023-06-30 140069462023-07-012024-06-30 14006946business:AuditExemptWithAccountantsReport2023-07-012024-06-30 14006946business:FilletedAccounts2023-07-012024-06-30 140069462024-06-30 14006946business:Director12023-07-012024-06-30 14006946business:RegisteredOffice2023-07-012024-06-30 140069462023-06-30 14006946core:WithinOneYear2024-06-30 14006946core:WithinOneYear2023-06-30 14006946core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 14006946core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 14006946core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 14006946core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 14006946core:PreviouslyStatedAmount2024-06-30 14006946core:PreviouslyStatedAmount2023-06-30 14006946business:SmallEntities2023-07-012024-06-30 14006946countries:EnglandWales2023-07-012024-06-30 14006946business:OrdinaryShareClass12023-07-012024-06-30 14006946business:OrdinaryShareClass12022-03-282023-06-30 140069462022-03-282023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14006946 (England and Wales)
Hoopsy Ltd Unaudited accounts for the year ended 30 June 2024
Hoopsy Ltd Unaudited accounts Contents
Page
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Hoopsy Ltd Company Information for the year ended 30 June 2024
Director
Lara Solomon
Company Number
14006946 (England and Wales)
Registered Office
124 CITY ROAD LONDON EC1V 2NX ENGLAND
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Hoopsy Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
563 
1,658 
Debtors
- 
5,631 
Cash at bank and in hand
- 
320 
563 
7,609 
Creditors: amounts falling due within one year
(57,706)
(58,615)
Net current liabilities
(57,143)
(51,006)
Net liabilities
(57,143)
(51,006)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(57,144)
(51,007)
Shareholders' funds
(57,143)
(51,006)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 December 2024 and were signed on its behalf by
Lara Solomon Director Company Registration No. 14006946
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Hoopsy Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Hoopsy Ltd is a private company, limited by shares, registered in England and Wales, registration number 14006946. The registered office is 124 CITY ROAD, LONDON, EC1V 2NX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
5,631 
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Hoopsy Ltd Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
114 
- 
Trade creditors
- 
575 
Other creditors
54,944 
56,151 
Loans from directors
1,698 
939 
Accruals
950 
950 
57,706 
58,615 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Controlling party
The 100% shareholder of this company is Hoopsy PTY Ltd, a company controlled by Lara Solomon.
8
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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