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REGISTERED NUMBER: 12660109 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 June 2024

for

Haug Ltd

Haug Ltd (Registered number: 12660109)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Haug Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr P Haug





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 12660109 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Haug Ltd (Registered number: 12660109)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 59,895 56,693

CURRENT ASSETS
Stocks 2,500 2,200
Debtors 5 24,317 89
Cash at bank and in hand 73,791 26,379
100,608 28,668
CREDITORS
Amounts falling due within one year 6 (85,872 ) (56,457 )
NET CURRENT ASSETS/(LIABILITIES) 14,736 (27,789 )
TOTAL ASSETS LESS CURRENT LIABILITIES 74,631 28,904

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,531 28,804
SHAREHOLDERS' FUNDS 74,631 28,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 14 March 2025 and were signed by:




Mr P Haug - Director


Haug Ltd (Registered number: 12660109)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Haug Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 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.

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.

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 3 (2023 - 2 ) .

Haug Ltd (Registered number: 12660109)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 63,318 4,979 68,297
Additions 13,603 574 14,177
At 30 June 2024 76,921 5,553 82,474
DEPRECIATION
At 1 July 2023 9,498 2,106 11,604
Charge for year 10,113 862 10,975
At 30 June 2024 19,611 2,968 22,579
NET BOOK VALUE
At 30 June 2024 57,310 2,585 59,895
At 30 June 2023 53,820 2,873 56,693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 24,317 89

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 5,498 3,942
Taxation and social security 27,899 7,053
Other creditors 52,475 45,462
85,872 56,457

7. RELATED PARTY DISCLOSURES

The Director Mr P Haug is considered to be the key management personnel.