Hogs Back Security Ltd
Registered number: 13629559
Statement of Financial Position
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 4,000 6,000
Tangible assets 4 4,492 4,125
8,492 10,125
Current assets
Stocks 1,500 1,500
Debtors 5 87 -
Cash at bank and in hand 213 442
1,800 1,942
Creditors: amounts falling due within one year 6 (28,153) (12,969)
Net current liabilities (26,353) (11,027)
Net liabilities (17,861) (902)
Capital and reserves
Called up share capital 100 100
Profit and loss account (17,961) (1,002)
Shareholder's funds (17,861) (902)
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 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.
Christopher Courtney
Director
Approved by the board on 11 June 2025
Hogs Back Security 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 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The director considers the company to be a going concern, notwithstanding that there are losses of £17,961. They have reviewed the potential future of the company and consider that it will continue to trade profitably for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. 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
Inventories
Inventories 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, 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. 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.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 10,000
At 30 September 2024 10,000
Amortisation
At 1 October 2023 4,000
Provided during the year 2,000
At 30 September 2024 6,000
Net book value
At 30 September 2024 4,000
At 30 September 2023 6,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 5,500
Additions 5,990
Disposals (5,500)
At 30 September 2024 5,990
Depreciation
At 1 October 2023 1,375
Charge for the year 1,498
On disposals (1,375)
At 30 September 2024 1,498
Net book value
At 30 September 2024 4,492
At 30 September 2023 4,125
5 Debtors 2024 2023
£ £
Trade debtors 85 -
Other debtors 2 -
87 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,449 2,269
Trade creditors 4,860 2,769
Accruals 996 948
Corporation tax - 270
Other taxes and social security costs 204 61
Other creditors 20,644 6,652
28,153 12,969
7 Other information
Hogs Back Security Ltd is a private company limited by shares and incorporated in England. Its registered office is:
43 Yalden Gardens
Farnham
Surrey
GU10 1FJ
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