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Registered number: 14578762
Things Happen Here Ltd
Financial Statements
For The Year Ended 31 January 2025
Origami SME LLP
Kernyk
15 Fowey Crescent
Callington
Cornwall
PL17 7PJ
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Martin Edmunds
Mr Jacek Ziegler
Company Number 14578762
Registered Office Sigma House
Oak View Close, Edginswell Park
Torquay
Devon
TQ2 7FF
Accountants Origami SME LLP
Kernyk
15 Fowey Crescent
Callington
Cornwall
PL17 7PJ
Page 1
Page 2
Balance Sheet
Registered number: 14578762
31 January 2025 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 800 900
Tangible Assets 5 15,099 17,062
15,899 17,962
CURRENT ASSETS
Stocks 6 5,872 2,125
Debtors 7 422 1,455
Cash at bank and in hand 26,413 41,377
32,707 44,957
Creditors: Amounts Falling Due Within One Year 8 (45,244 ) (64,868 )
NET CURRENT ASSETS (LIABILITIES) (12,537 ) (19,911 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,362 (1,949 )
NET ASSETS/(LIABILITIES) 3,362 (1,949 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 3,360 (1,951 )
SHAREHOLDERS' FUNDS 3,362 (1,949)
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For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Edmunds
Director
1st September 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Things Happen Here Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14578762 . The registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, Devon, TQ2 7FF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs. It is amortised to the profit and loss account over its estimated economic life of .10 years on a straight line basis.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Not depreciated
Plant & Machinery 15% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 16)
14 16
4. Intangible Assets
Other
£
Cost
As at 1 February 2024 1,000
As at 31 January 2025 1,000
...CONTINUED
Page 4
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Amortisation
As at 1 February 2024 100
Provided during the period 100
As at 31 January 2025 200
Net Book Value
As at 31 January 2025 800
As at 1 February 2024 900
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 February 2024 3,977 14,869 18,846
As at 31 January 2025 3,977 14,869 18,846
Depreciation
As at 1 February 2024 - 1,784 1,784
Provided during the period - 1,963 1,963
As at 31 January 2025 - 3,747 3,747
Net Book Value
As at 31 January 2025 3,977 11,122 15,099
As at 1 February 2024 3,977 13,085 17,062
6. Stocks
31 January 2025 31 January 2024
£ £
Stock 5,872 2,125
7. Debtors
31 January 2025 31 January 2024
£ £
Due within one year
Trade debtors 422 305
Other debtors - 1,150
422 1,455
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8. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 January 2024
£ £
Trade creditors 5,209 7,361
Bank loans and overdrafts 2,105 319
Other creditors 24,985 43,901
Taxation and social security 12,945 13,287
45,244 64,868
10. Share Capital
31 January 2025 31 January 2024
£ £
Allotted, Called up and fully paid 2 2
11. Capital Commitments
31 January 2025 31 January 2024
£ £
At the end of the period - 3,200
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements
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