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COMPANY REGISTRATION NUMBER: 14097276
Heds-Up Limited
Filleted Unaudited Financial Statements
31 May 2024
Heds-Up Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
5
3,318
Cash at bank and in hand
90,230
87,678
--------
--------
93,548
87,678
Creditors: amounts falling due within one year
6
3,530
1,269
--------
--------
Net current assets
90,018
86,409
--------
--------
Total assets less current liabilities
90,018
86,409
--------
--------
Net assets
90,018
86,409
--------
--------
Capital and reserves
Called up share capital
7
100,000
100,000
Profit and loss account
( 9,982)
( 13,591)
---------
---------
Shareholders funds
90,018
86,409
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 March 2025 , and are signed on behalf of the board by:
Mr D P Doherty
Director
Company registration number: 14097276
Heds-Up Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is White House Farm, Wickham Hall Lane, Wickham Bishops, Witham, CM8 3JJ, Essex. The company ceased trading on 1 January 2024.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Average number of employees
During the period the average number of employees was 2, which consisted of the directors only.
5. Debtors
2024
2023
£
£
Other debtors
3,318
-------
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
369
Accruals and deferred income
2,214
900
Corporation tax
948
Director loan accounts
368
-------
-------
3,530
1,269
-------
-------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
10,000
10,000
10,000
10,000
Ordinary B shares of £ 1 each
10,000
10,000
10,000
10,000
Ordinary C shares of £ 1 each
30,000
30,000
30,000
30,000
Ordinary D shares of £ 1 each
30,000
30,000
30,000
30,000
Ordinary E shares of £ 1 each
20,000
20,000
20,000
20,000
---------
---------
---------
---------
100,000
100,000
100,000
100,000
---------
---------
---------
---------
8. Related party transactions
At the year end the company owed the directors £368 by way of a directors loan account which is shown amongst creditors.