ACCOUNTS - Final Accounts preparation

Company registration number: 09875317

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	THE HAPPY GADGET LIMITED


THE HAPPY GADGET LIMITED

COMPANY INFORMATION

Director	D J Madden


Registered number	09875317


Registered office	34 Guessens Road
	Welwyn Garden City
	AL8 6RA


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


THE HAPPY GADGET LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 4


THE HAPPY GADGET LIMITED REGISTERED NUMBER:09875317

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Stocks		11,137		1,132
Debtors: amounts falling due within one year	4	1,672		333
Cash at bank and in hand		10,038		936
		22,847		2,401
Creditors: amounts falling due within one year	5	(30,829)		(3,903)
Net current liabilities			(7,982)		(1,502)
Total assets less current liabilities			(7,982)		(1,502)

Net liabilities			(7,982)		(1,502)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(8,082)	(1,602)
	(7,982)	(1,502)

Page 1


THE HAPPY GADGET LIMITED REGISTERED NUMBER:09875317

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D J Madden

Director

Date: 29 September 2025

The notes on pages 3 to 4 form part of these financial statements.

Page 2


THE HAPPY GADGET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The Happy Gadget Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office adress are shown on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have undertaken to continue their financial support of the company for the foreseeable future. On this basis they believe it is appropriate to prepare these accounts on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3


THE HAPPY GADGET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	1,672	333
	1,672	333

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	30,109	3,303
Accruals and deferred income	720	600
	30,829	3,903

6.	Related party transactions
	Included within creditors amounts falling due within one year is an amount of £30,109 (2023: £3,303) due to a connected undertaking. This amount is free of interest.

Page 4