The Hemp Collective Ltd
The Hemp Collective Ltd
Registered number: 11523951
Unaudited Financial Statements
For The Year Ended
31 August 2023
Tasker Osman & Co
The Hemp Collective Ltd
Unaudited Financial Statements
For The Year Ended
31 August 2023
Unaudited Financial Statements
Contents | |
Page | |
---|---|
Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Page 1
The Hemp Collective Ltd
Balance Sheet
As At
31 August 2023
Balance Sheet
Registered number:
11523951
For the year ending 31 August 2023 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.
2023 | 2022 | ||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Stocks | 4 |
|
|
||
Debtors | 5 |
|
|
||
Cash at bank and in hand |
|
|
|||
|
|
||||
Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
( |
|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
|
|||
Creditors: Amounts Falling Due After More Than One Year | 7 |
( |
( |
||
NET LIABILITIES |
( |
( |
|||
CAPITAL AND RESERVES | |||||
Called up share capital | 8 |
|
|
||
Profit and Loss Account |
( |
( |
|||
SHAREHOLDERS' FUNDS | (16,539) | (15,502) | |||
Page 1
Page 2
The Hemp Collective Ltd
Balance Sheet (continued)
As At
31 August 2023
On behalf of the board
Director
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
The Hemp Collective Ltd
Notes to the Financial Statements
For The Year Ended
31 August 2023
Notes to the Financial Statements
1.
General Information
The Hemp Collective Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
11523951
. The registered office is 11a Jew Street, Brighton, East Sussex, BN1 1UT.
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.
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: NIL (2022: NIL)
4.
Stocks
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Stock & Work in progress |
|
|
|
|
|
||
5.
Debtors
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Other debtors |
|
|
|
|
|
||
6.
Creditors: Amounts Falling Due Within One Year
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Bank loans and overdrafts |
|
|
|
Accruals and deferred income |
|
|
|
Directors' loan accounts |
|
- | |
|
|
||
7.
Creditors: Amounts Falling Due After More Than One Year
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Bounce back loan |
|
|
|
|
|
||
Page 3
Page 4
The Hemp Collective Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 August 2023
8.
Share Capital
2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Allotted, Called up and fully paid |
|
|
|
Page 4