IRIS Accounts Production v24.3.2.46 13522744 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135227442023-07-31135227442024-07-31135227442023-08-012024-07-31135227442022-07-31135227442022-08-012023-07-31135227442023-07-3113522744ns15:EnglandWales2023-08-012024-07-3113522744ns14:PoundSterling2023-08-012024-07-3113522744ns10:Director12023-08-012024-07-3113522744ns10:Director22023-08-012024-07-3113522744ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3113522744ns10:SmallEntities2023-08-012024-07-3113522744ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3113522744ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3113522744ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3113522744ns10:FullAccounts2023-08-012024-07-311352274412023-08-012024-07-3113522744ns10:OrdinaryShareClass12023-08-012024-07-3113522744ns10:RegisteredOffice2023-08-012024-07-3113522744ns5:CurrentFinancialInstruments2023-07-3113522744ns5:CurrentFinancialInstruments2024-07-3113522744ns5:ShareCapital2023-07-3113522744ns5:ShareCapital2024-07-3113522744ns5:RetainedEarningsAccumulatedLosses2023-07-3113522744ns5:RetainedEarningsAccumulatedLosses2024-07-3113522744ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3113522744ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-012024-07-3113522744ns5:ComputerSoftware2023-08-012024-07-3113522744ns5:PlantMachinery2023-08-012024-07-3113522744ns5:IntangibleAssetsOtherThanGoodwill2024-07-3113522744ns5:PlantMachinery2023-07-3113522744ns5:PlantMachinery2024-07-3113522744ns5:PlantMachinery2023-07-3113522744ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3113522744ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3113522744ns10:OrdinaryShareClass12024-07-3113522744ns5:RetainedEarningsAccumulatedLosses2023-07-3113522744ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 13522744 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 July 2024

for

Hackstons Limited

Hackstons Limited (Registered number: 13522744)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hackstons Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr G Harris
Mr A Valentine





REGISTERED OFFICE: 30 St Mary's Axe
London
EC3A 8BF





REGISTERED NUMBER: 13522744 (England and Wales)






Hackstons Limited (Registered number: 13522744)

Balance Sheet
31 July 2024

31.7.23 31.7.24
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 4 15,315
1,372 Tangible assets 5 829,945
390,666 Investments 6 -
392,038 845,260

CURRENT ASSETS
81,327 Stocks 387,452
194,008 Debtors 7 474,922
2,590,337 Cash at bank 2,515,634
2,865,672 3,378,008
CREDITORS
2,575,409 Amounts falling due within one year 8 2,820,323
290,263 NET CURRENT ASSETS 557,685
682,301 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,402,945

343 PROVISIONS FOR LIABILITIES 207,486
681,958 NET ASSETS 1,195,459

CAPITAL AND RESERVES
1 Called up share capital 9 1
681,957 Retained earnings 10 1,195,458
681,958 SHAREHOLDERS' FUNDS 1,195,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Hackstons Limited (Registered number: 13522744)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:




Mr G Harris - Director



Mr A Valentine - Director


Hackstons Limited (Registered number: 13522744)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Hackstons 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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

Financial instruments
The Company only enters into basic financial instruments 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 non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Hackstons Limited (Registered number: 13522744)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 year 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.

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 year was 17 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 22,973
At 31 July 2024 22,973
AMORTISATION
Charge for year 7,658
At 31 July 2024 7,658
NET BOOK VALUE
At 31 July 2024 15,315

Hackstons Limited (Registered number: 13522744)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 2,058
Additions 888,286
At 31 July 2024 890,344
DEPRECIATION
At 1 August 2023 686
Charge for year 59,713
At 31 July 2024 60,399
NET BOOK VALUE
At 31 July 2024 829,945
At 31 July 2023 1,372

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.7.24 31.7.23
£    £   
Other investments - 390,666

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 87,052 100,713
Other debtors 387,870 93,295
474,922 194,008

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 2,328,488 2,282,207
Taxation and social security 49,157 171,371
Other creditors 442,678 121,831
2,820,323 2,575,409

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary £1 1 1

Hackstons Limited (Registered number: 13522744)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. RESERVES
Retained
earnings
£   

At 1 August 2023 681,957
Profit for the year 513,501
At 31 July 2024 1,195,458