Company Registration No. 11932648 (England and Wales)
Hunger Squad Ltd
Unaudited accounts
for the period from 8 April 2019 to 31 March 2020
Hunger Squad Ltd
Unaudited accounts
Contents
Hunger Squad Ltd
Company Information
for the period from 8 April 2019 to 31 March 2020
Directors
Andrew Christophi
Emma Christophi
Company Number
11932648 (England and Wales)
Registered Office
4 Forge Close
Chalton
Luton
LU4 9UT
United Kingdom
Accountants
Yukimi Rabnott FCPFA for and on behalf of
On The Spot
Trading Name of Carson Rabnott Limited
EC2Y 8BY
Hunger Squad Ltd
Statement of financial position
as at 31 March 2020
Cash at bank and in hand
9,057
Creditors: amounts falling due within one year
(11,795)
Net current liabilities
(2,173)
Total assets less current liabilities
18,587
Creditors: amounts falling due after more than one year
(16,290)
Provisions for liabilities
Profit and loss account
1,460
For the period ending 31 March 2020 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2020 and were signed on its behalf by
Andrew Christophi
Director
Company Registration No. 11932648
Hunger Squad Ltd
Notes to the Accounts
for the period from 8 April 2019 to 31 March 2020
Hunger Squad Ltd is a private company, limited by shares, registered in England and Wales, registration number 11932648. The registered office is 4 Forge Close, Chalton, Luton, LU4 9UT, United Kingdom.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
three years straight line
Motor vehicles
three years straight line
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present location and condition. A "first in first out" basis is used. Borrowing costs are not capitalised. Where consignment stock is in substance an
asset of the company, it is recognised as such on the balance sheet.
Deferred tax has been provided in full in respect of taxation deferred by timing differences (including fair value adjustments) between the treatment of certain items for taxation and accounting purposes except that a deferred tax asset is only recognised to the extent that is recoverable. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the timing differences are expected to reverse.
Although the difficult trading conditions experienced by this sector arising from the Corona Virus have resulted in a fall in sales for the company, the directors continue to support the company and have therefore continued to adopt the going concern basis of accounting.
Hunger Squad Ltd
Notes to the Accounts
for the period from 8 April 2019 to 31 March 2020
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
1,958
23,860
25,818
At 31 March 2020
1,958
23,860
25,818
Charge for the period
418
4,640
5,058
At 31 March 2020
418
4,640
5,058
At 31 March 2020
1,540
19,220
20,760
6
Creditors: amounts falling due within one year
2020
Bank loans and overdrafts
4,811
Taxes and social security
640
Loans from directors
3,170
7
Creditors: amounts falling due after more than one year
2020
8
Transactions with related parties
There were no material transactions with directors and shareholders that were not conducted under normal market conditions. The amounts owed to directors are included within creditors. The balances are payable on demand and no interest is charged.
9
Average number of employees
During the period the average number of employees was 0.
