Registration number:
Hogarth Business Services Ltd
for the Year Ended 31 May 2023
Hogarth Business Services Ltd
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Abridged Profit and Loss Account |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Abridged Financial Statements |
Hogarth Business Services Ltd
Company Information
Directors |
Mr Gareth Edwin SMITH Mr Howard Buchanan-Smith |
Company secretary |
Miss Lara Johnson-Smith |
Registered office |
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Accountants |
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Hogarth Business Services Ltd
Directors' Report for the Year Ended 31 May 2023
The directors present their report and the abridged financial statements for the year ended 31 May 2023.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is COMPUTERISED BOOK-KEEPING AND ACCOUNTANCY, TAXATION AND SECRETARIAL SERVICES.
Going concern
No Going Concern Issues.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Hogarth Business Services Ltd
for the Year Ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hogarth Business Services Ltd for the year ended 31 May 2023 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Hogarth Business Services Ltd, as a body, in accordance with the terms of our engagement letter dated 1 June 2019. Our work has been undertaken solely to prepare for your approval the accounts of Hogarth Business Services Ltd and state those matters that we have agreed to state to the Board of Directors of Hogarth Business Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hogarth Business Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hogarth Business Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Hogarth Business Services Ltd. You consider that Hogarth Business Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hogarth Business Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Polegate
East Sussex
BN26 6BY
Hogarth Business Services Ltd
Abridged Profit and Loss Account for the Year Ended 31 May 2023
Note |
2023 |
2022 |
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Gross profit |
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|
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Administrative expenses |
( |
( |
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Other interest receivable and similar income |
|
|
|
Loss before tax |
( |
( |
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Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Hogarth Business Services Ltd
Statement of Comprehensive Income for the Year Ended 31 May 2023
2023 |
2022 |
|
Loss for the year |
( |
( |
Total comprehensive income for the year |
( |
( |
Hogarth Business Services Ltd
(Registration number: 3366819)
Abridged Balance Sheet as at 31 May 2023
Note |
2023 |
2022 |
|
Current assets |
|||
Debtors |
|
- |
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Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
|||
Called up share capital |
500 |
500 |
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Retained earnings |
(13,126) |
(4,620) |
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Shareholders' deficit |
(12,626) |
(4,120) |
For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
.........................................
Mr Howard Buchanan-Smith
Director
Hogarth Business Services Ltd
Statement of Changes in Equity for the Year Ended 31 May 2023
Share capital |
Retained earnings |
Total |
|
At 1 June 2022 |
|
( |
( |
Loss for the year |
- |
( |
( |
At 31 May 2023 |
|
( |
( |
Share capital |
Retained earnings |
Total |
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At 1 June 2021 |
|
|
|
Loss for the year |
- |
( |
( |
At 31 May 2022 |
|
( |
( |
Hogarth Business Services Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Depreciation
Asset class |
Depreciation method and rate |
Office Equipment |
Reducing Balance @ 20% |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Hogarth Business Services Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Debtors includes £Nil (2022 - £Nil) due after more than one year.
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
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500 |
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500 |
Related party transactions |
Hogarth Business Services Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023
Directors' remuneration
The directors' remuneration for the year was as follows:
2023 |
2022 |
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Remuneration |
|
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Transition to FRS 102 |
Balance Sheet at 1 June 2021
As originally reported |
Reclassification |
Remeasurement |
As restated |
|
Capital and reserves |
||||
Total equity |
- |
- |
- |
- |
Hogarth Business Services Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023
Balance Sheet at 31 May 2022
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Capital and reserves |
||||
Total equity |
- |
- |
- |
- |
Hogarth Business Services Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023
Profit and Loss Account for the year ended 31 May 2022
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Turnover |
- |
- |
- |
- |
Operating profit/(loss) |
- |
- |
- |
- |
Profit/(loss) before tax |
- |
- |
- |
- |
Profit/(loss) for the financial year |
- |
- |
- |
- |