Registered number
11600526
Hop Forward Ltd
Filleted Accounts
31 October 2024
Hop Forward Ltd
Registered number: 11600526
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,419 3,325
Current assets
Debtors 4 2,127 3,802
Cash at bank and in hand 17,168 19,501
19,295 23,303
Creditors: amounts falling due within one year 5 (7,672) (8,789)
Net current assets 11,623 14,514
Total assets less current liabilities 14,042 17,839
Creditors: amounts falling due after more than one year 6 (356) (965)
Net assets 13,686 16,874
Capital and reserves
Called up share capital 10 10
Profit and loss account 13,676 16,864
Shareholder's funds 13,686 16,874
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Nicholas Law
Director
Approved by the board on 26 March 2025
Hop Forward Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 6,928
At 31 October 2024 6,928
Depreciation
At 1 November 2023 3,603
Charge for the year 906
At 31 October 2024 4,509
Net book value
At 31 October 2024 2,419
At 31 October 2023 3,325
4 Debtors 2024 2023
£ £
Trade debtors 1,725 3,243
Other debtors 402 559
2,127 3,802
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 609 609
Taxation and social security costs 839 2,174
Other creditors 6,224 6,006
7,672 8,789
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 356 965
7 Other information
Hop Forward Ltd is a private company limited by shares and incorporated in England. Its registered office is:
70 Cromwell Street
Sheffield
S6 3RN
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