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REGISTERED NUMBER: 04185856 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HOORAY'S LIMITED

HOORAY'S LIMITED (REGISTERED NUMBER: 04185856)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOORAY'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: G Holdsworth





REGISTERED OFFICE: 252 Queen Ediths Way
Cambridge
Cambridgeshire
CB1 8NL





BUSINESS ADDRESS: Unit 19
Buckingway Business Park
Swavesey
Cambridge
Cambridgeshire
CB24 4AE





REGISTERED NUMBER: 04185856 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

HOORAY'S LIMITED (REGISTERED NUMBER: 04185856)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 211,805 220,953

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 53,564 64,992
Cash at bank 921,913 804,836
978,477 872,828
CREDITORS
Amounts falling due within one year 7 (95,611 ) (95,926 )
NET CURRENT ASSETS 882,866 776,902
TOTAL ASSETS LESS CURRENT LIABILITIES 1,094,671 997,855

PROVISIONS FOR LIABILITIES 9 (13,918 ) (14,718 )
NET ASSETS 1,080,753 983,137

CAPITAL AND RESERVES
Called up share capital 10 125 125
Revaluation reserve 11 59,261 59,261
Retained earnings 1,021,367 923,751
SHAREHOLDERS' FUNDS 1,080,753 983,137

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

HOORAY'S LIMITED (REGISTERED NUMBER: 04185856)

BALANCE SHEET - continued
31 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:





G Holdsworth - Director


HOORAY'S LIMITED (REGISTERED NUMBER: 04185856)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Hooray's 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Freehold property - 2.5% on cost
Improvements to property - 10% on cost
Equipment, fixtures and fittings fitti - 25% on cost
Motor vehicles - 25% on cost
Office equipment - 25% on cost

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
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

HOORAY'S LIMITED (REGISTERED NUMBER: 04185856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5. TANGIBLE FIXED ASSETS
Equipment,
Improvements fixtures
Freehold to and
property property fittings
£    £    £   
COST OR VALUATION
At 1 April 2023 255,000 53,836 151,273
Additions - - 3,600
At 31 March 2024 255,000 53,836 154,873
DEPRECIATION
At 1 April 2023 53,847 53,287 146,320
Charge for year 5,100 549 2,668
At 31 March 2024 58,947 53,836 148,988
NET BOOK VALUE
At 31 March 2024 196,053 - 5,885
At 31 March 2023 201,153 549 4,953

Motor Office
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 81,137 9,396 550,642
Additions - - 3,600
At 31 March 2024 81,137 9,396 554,242
DEPRECIATION
At 1 April 2023 67,327 8,908 329,689
Charge for year 4,168 263 12,748
At 31 March 2024 71,495 9,171 342,437
NET BOOK VALUE
At 31 March 2024 9,642 225 211,805
At 31 March 2023 13,810 488 220,953

HOORAY'S LIMITED (REGISTERED NUMBER: 04185856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Equipment,
Improvements fixtures
Freehold to and
property property fittings
£    £    £   
Valuation in 2016 229,000 - -
Valuation in 2017 7,000 - -
Valuation in 2021 19,000 - -
Cost - 53,836 154,873
255,000 53,836 154,873

Motor Office
vehicles equipment Totals
£    £    £   
Valuation in 2016 - - 229,000
Valuation in 2017 - - 7,000
Valuation in 2021 - - 19,000
Cost 81,137 9,396 299,242
81,137 9,396 554,242

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,564 62,109
Other debtors - 2,883
53,564 64,992

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 500 885
Trade creditors 3,707 4,675
Taxation and social security 65,539 74,679
Other creditors 25,865 15,687
95,611 95,926

8. SECURED DEBTS

The bank loan is secured on the freehold property owned by the company.

HOORAY'S LIMITED (REGISTERED NUMBER: 04185856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,918 14,718

Deferred
tax
£   
Balance at 1 April 2023 14,718
Provided during year (800 )
Movement in the year
Balance at 31 March 2024 13,918

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
25 Non-voting Ordinary £1 25 25
125 125

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 59,261