HT IOW Limited - Accounts to registrar (filleted) - small 23.1.2

HT IOW Limited - Accounts to registrar (filleted) - small 23.1.2

HT IOW LIMITED - Company Information

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REGISTERED NUMBER: 12043230 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2021 to 30 July 2022

for

HT IOW Limited
HT IOW Limited (Registered number: 12043230)






Contents of the Financial Statements
for the Period 1 August 2021 to 30 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HT IOW Limited

Company Information
for the Period 1 August 2021 to 30 July 2022







DIRECTOR: Mr A J Bolger





REGISTERED OFFICE: 6 St Georges Square
Portsmouth
Hampshire
PO1 3EY





REGISTERED NUMBER: 12043230 (England and Wales)





Page 1
HT IOW Limited (Registered number: 12043230)

Balance Sheet
30 July 2022

30.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,603 16,390

CURRENT ASSETS
Debtors 5 379,357 310,066
Cash at bank 143,091 118,342
522,448 428,408
CREDITORS
Amounts falling due within one year 6 241,698 183,074
NET CURRENT ASSETS 280,750 245,334
TOTAL ASSETS LESS CURRENT LIABILITIES 295,353 261,724

CREDITORS
Amounts falling due after more than one year 7 34,541 43,136
NET ASSETS 260,812 218,588

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 260,708 218,484
260,812 218,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2023 and were signed by:





Mr A J Bolger - Director


The notes form part of these financial statements

Page 2
HT IOW Limited (Registered number: 12043230)

Notes to the Financial Statements
for the Period 1 August 2021 to 30 July 2022

1. STATUTORY INFORMATION

HT IOW Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amount derived from ordinary activities, stated after discounts, value added tax and any other sales taxes, where applicable. Turnover is the value of work performed during the year with respect to services.

Tangible fixed assets
Items or property, plant and equipment are stated at cost of acquisition less accumulated depreciation.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. The estimated useful lives range as follows:

Fixtures & Fittings - 25% on straight line method.
Computer Equipment - 25% on straight line method.

The gain or loss arising from the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest
method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


Page 3 continued...
HT IOW Limited (Registered number: 12043230)

Notes to the Financial Statements - continued
for the Period 1 August 2021 to 30 July 2022

2. ACCOUNTING POLICIES - continued
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the Financial Statements and their inclusion in tax assessments.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have taken consideration of the impact of COVID-19 on the business and the withdrawal of the United Kingdom from the European Union.

The directors note that the Company is trading adequately and has sufficiently working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing these financial statements. There are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2021 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2021 19,861
Additions 3,721
At 30 July 2022 23,582
DEPRECIATION
At 1 August 2021 3,471
Charge for period 5,508
At 30 July 2022 8,979
NET BOOK VALUE
At 30 July 2022 14,603
At 31 July 2021 16,390

Page 4 continued...
HT IOW Limited (Registered number: 12043230)

Notes to the Financial Statements - continued
for the Period 1 August 2021 to 30 July 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.22 31.7.21
£    £   
Trade debtors 260,107 190,440
Other debtors 119,250 119,626
379,357 310,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.22 31.7.21
£    £   
Bank loans and overdrafts 7,030 5,000
Taxation and social security 234,668 178,074
241,698 183,074

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.7.22 31.7.21
£    £   
Bank loans 34,541 43,136

8. RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 - Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. POST BALANCE SHEET EVENTS

There are no reportable events between the date of the Financial Statements and the date of the signing these Financial Statements.

10. ULTIMATE CONTROLLING PARTY

The Company is controlled by Evie Holdings Limited, a company registered in England and Wales, by virtue of its 100% holding in the company's issued share capital. The ultimate controlling party is A J Bolger by virtue of their shareholding in the parent company, Evie Holdings Limited.

Page 5