Pushy Hedge Limited
Company Registration No. 08444052 (England And Wales)
Unaudited Financial Statements
Year Ended 31 March 2024
PUSHY HEDGE LIMITED
Pushy Hedge Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PUSHY HEDGE LIMITED
Pushy Hedge Limited
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
20,513
26,693
Current assets
Debtors
5
2,207
19,350
Cash at bank and in hand
9,102
8,350
11,309
27,700
Creditors: amounts falling due within one year
6
(22,975)
(24,299)
Net current (liabilities)/assets
(11,666)
3,401
Total assets less current liabilities
8,847
30,094
Creditors: amounts falling due after more than one year
7
(3,603)
(5,882)
Provisions for liabilities
(5,060)
(5,071)
Net assets
184
19,141
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
84
19,041
Total equity
184
19,141
PUSHY HEDGE LIMITED
Pushy Hedge Limited
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 March 2025
Mr C Muckleston
Director
Company registration number 08444052 (England and Wales)
PUSHY HEDGE LIMITED
Pushy Hedge Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Pushy Hedge Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Cocoa Gardens, Cocoa Yard, Nantwich, Cheshire, CW5 5BU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on reducing balance
Motor vehicles
25% on reducing balance
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

PUSHY HEDGE LIMITED
Pushy Hedge Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

PUSHY HEDGE LIMITED
Pushy Hedge Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was

2024
2023
Number
Number
Total
1
1
4
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023
6,721
32,745
39,466
Additions
1,007
-
0
1,007
At 31 March 2024
7,728
32,745
40,473
Depreciation and impairment
At 1 April 2023
4,587
8,186
12,773
Depreciation charged in the year
1,047
6,140
7,187
At 31 March 2024
5,634
14,326
19,960
Carrying amount
At 31 March 2024
2,094
18,419
20,513
At 31 March 2023
2,134
24,559
26,693
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
19,350
Other debtors
2,207
-
0
2,207
19,350
PUSHY HEDGE LIMITED
Pushy Hedge Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
2,370
2,501
Corporation tax
14,013
6,921
Other taxation and social security
4,635
8,899
Other creditors
-
0
4,139
Accruals and deferred income
1,957
1,839
22,975
24,299
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,603
5,882

Included in creditors and split between due in one year and over one year is an amount of £5,973 (2023: £8,383) which is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

8
Directors' transactions

Interest free loans have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Loan
-
-
2,207
2,207
-
2,207
2,207
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