Registered number
08491902
Hops and Glory Ltd
Report and Accounts
30 September 2024
Hops and Glory Ltd
Report to the director on the preparation of the unaudited statutory accounts of Hops and Glory Ltd for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hops and Glory Ltd for the year ended 30 September 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
Nottinghamshire
NG8 2BE
17 March 2025
Hops and Glory Ltd
Registered number: 08491902
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Stocks 3,339 2,785
Debtors 4 120 120
Cash at bank and in hand 6,676 6,841
10,135 9,746
Creditors: amounts falling due within one year 5 (24,142) (24,656)
Net current liabilities (14,007) (14,910)
Net liabilities (14,006) (14,909)
Capital and reserves
Called up share capital 120 120
Profit and loss account (14,126) (15,029)
Shareholders' funds (14,006) (14,909)
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 members have 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.
A M Draper
Director
Approved by the board on 17 March 2025
Hops and Glory Ltd
Notes to the Accounts
for the year ended 30 September 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.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers.
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:
Fixtures & fittings over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
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 3 4
3 Tangible fixed assets
Fixtures & fittings
£
Cost
At 1 October 2023 2,026
At 30 September 2024 2,026
Depreciation
At 1 October 2023 2,025
At 30 September 2024 2,025
Net book value
At 30 September 2024 1
At 30 September 2023 1
4 Debtors 2024 2023
£ £
Other debtors 120 120
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 97 3,318
Other taxes and social security costs 3,767 1,097
Other creditors 20,278 20,241
24,142 24,656
6 Other information
Hops and Glory Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Falcon Inn
1 Alfreton Road
Nottingham
NG7 3JE
Hops and Glory Ltd 08491902 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2024 A M Draper No description of principal activity 08491902 2022-10-01 2023-09-30 08491902 core:WithinOneYear 2023-09-30 08491902 core:ShareCapital 2023-09-30 08491902 core:RetainedEarningsAccumulatedLosses 2023-09-30 08491902 2023-10-01 2024-09-30 08491902 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08491902 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 08491902 bus:Director40 2023-10-01 2024-09-30 08491902 countries:England 2023-10-01 2024-09-30 08491902 bus:FRS102 2023-10-01 2024-09-30 08491902 bus:FilletedAccounts 2023-10-01 2024-09-30 08491902 2024-09-30 08491902 core:WithinOneYear 2024-09-30 08491902 core:ShareCapital 2024-09-30 08491902 core:RetainedEarningsAccumulatedLosses 2024-09-30 08491902 core:PlantMachinery 2024-09-30 08491902 2023-09-30 08491902 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure