Registered number
09280333
Hoseshop Limited
Unaudited Filleted Accounts
31 December 2024
Hoseshop Limited
Registered number: 09280333
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 28,199 27,062
Current assets
Stocks 1,000 1,000
Debtors 4 38,989 30,458
Cash at bank and in hand 48,480 27,039
88,469 58,497
Creditors: amounts falling due within one year 5 (69,765) (51,496)
Net current assets 18,704 7,001
Total assets less current liabilities 46,903 34,063
Net assets 46,903 34,063
Capital and reserves
Called up share capital 2 2
Profit and loss account 46,901 34,061
Shareholders' funds 46,903 34,063
The directors are 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 directors acknowledge their 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.
M Shakespeare
Director
Approved by the board on 28 January 2025
Hoseshop Limited
Notes to the Accounts
for the year ended 31 December 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.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments Total
£ £
Cost
At 1 January 2024 27,062 27,062
Additions at cost 1,137 1,137
At 31 December 2024 28,199 28,199
4 Debtors 2024 2023
£ £
Trade debtors 38,989 30,458
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 44,979 29,513
Taxation and social security costs 24,581 21,783
Other creditors 205 200
69,765 51,496
6 Other information
Hoseshop Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Ashfield
Pateley Bridge
North Yorkshire
HG3 5HJ
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