32 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 32,336 1,742 34,078 9,246 3,277 12,523 21,555 23,090 xbrli:pure xbrli:shares iso4217:GBP 08045767 2024-04-01 2025-03-31 08045767 2025-03-31 08045767 2024-03-31 08045767 2023-04-01 2024-03-31 08045767 2024-03-31 08045767 2023-03-31 08045767 bus:Director2 2024-04-01 2025-03-31 08045767 core:WithinOneYear 2025-03-31 08045767 core:WithinOneYear 2024-03-31 08045767 core:ShareCapital 2025-03-31 08045767 core:ShareCapital 2024-03-31 08045767 core:RetainedEarningsAccumulatedLosses 2025-03-31 08045767 core:RetainedEarningsAccumulatedLosses 2024-03-31 08045767 bus:Director1 2024-04-01 2025-03-31 08045767 bus:SmallEntities 2024-04-01 2025-03-31 08045767 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08045767 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08045767 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08045767 bus:FullAccounts 2024-04-01 2025-03-31 08045767 core:OfficeEquipment 2024-04-01 2025-03-31 08045767 core:OfficeEquipment 2024-03-31 08045767 core:OfficeEquipment 2025-03-31 08045767 core:AllAssociates 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 08045767
Hyphenate Ltd
Filleted Unaudited Financial Statements
31 March 2025
Hyphenate Ltd
Financial Statements
Year ended 31 March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Hyphenate Ltd
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
21,555
23,090
Current assets
Debtors
6
504,198
518,715
Cash at bank and in hand
772,471
757,201
------------
------------
1,276,669
1,275,916
Creditors: amounts falling due within one year
7
316,360
285,716
------------
------------
Net current assets
960,309
990,200
---------
------------
Total assets less current liabilities
981,864
1,013,290
Provisions
Taxation including deferred tax
5,389
2,191
---------
------------
Net assets
976,475
1,011,099
---------
------------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
975,475
1,010,099
---------
------------
Shareholders funds
976,475
1,011,099
---------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hyphenate Ltd
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 22 August 2025 , and are signed on behalf of the board by:
E Forth
Director
Company registration number: 08045767
Hyphenate Ltd
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
10% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 32 (2024: 43 ).
5. Tangible assets
Equipment
£
Cost
At 1 April 2024
32,336
Additions
1,742
--------
At 31 March 2025
34,078
--------
Depreciation
At 1 April 2024
9,246
Charge for the year
3,277
--------
At 31 March 2025
12,523
--------
Carrying amount
At 31 March 2025
21,555
--------
At 31 March 2024
23,090
--------
6. Debtors
2025
2024
£
£
Trade debtors
343,399
357,916
Other debtors
160,799
160,799
---------
---------
504,198
518,715
---------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
23,003
Social security and other taxes
316,360
262,713
---------
---------
316,360
285,716
---------
---------
8. Related party transactions
At the year end the company was owed £160,799 (2024: £160,799) by a company under common control.