Company Registration No. 05931356 (England and Wales)
Hadwebutknown Limited
Unaudited accounts
for the year ended 31 March 2022
Hadwebutknown Limited
Unaudited accounts
Contents
Hadwebutknown Limited
Company Information
for the year ended 31 March 2022
Director
HERBERTSON, Nicola
Company Number
05931356 (England and Wales)
Registered Office
100 High Street,
Whitstable
CT5 1AZ
England,
Accountants
OnPoint Accounting Ltd
Lagmhor Office
Dunkeld
Perth
PH8 0AD
Hadwebutknown Limited
Statement of financial position
as at
31 March 2022
Intangible assets
-
400,000
Tangible assets
5,810
5,025
Cash at bank and in hand
2,167
643
Creditors: amounts falling due within one year
(37,159)
(475,287)
Net current assets/(liabilities)
7,688
(465,140)
Total assets less current liabilities
13,498
(60,115)
Creditors: amounts falling due after more than one year
(89,227)
(13,898)
Net liabilities
(75,729)
(74,013)
Called up share capital
1
1
Profit and loss account
(75,730)
(74,014)
Shareholders' funds
(75,729)
(74,013)
For the year ending 31 March 2022 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 27 April 2022 and were signed on its behalf by
HERBERTSON, Nicola
Director
Company Registration No. 05931356
Hadwebutknown Limited
Notes to the Accounts
for the year ended 31 March 2022
Hadwebutknown Limited is a private company, limited by shares, registered in England and Wales, registration number 05931356. The registered office is 100 High Street, , Whitstable, CT5 1AZ, England, .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Expenditure on research and development is written off in the year in which it is incurred.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
An under claim of repayable R&D Tax credits for the years 2011-2019 has been identified.The value of the eiligible R&D
related expenses was enhanced by 130% instead of 230% in error. Because HMRC approved the first R&D tax credit claim
made on this basis, subsequent R&D tax credit claims were calculated on the same basis. In 2020, all CT600s were
resubmitted with the 230% enhancement. HMRC have paid the underclaimed amounts for the last 3 years. A response from HMRC feedback about the years prior to this is awaited. It is probable that HMRC will process the revised CT600s and
reasonable to expect the underclaimed amount will be paid as the underclaim was made in good faith due to an
arithmetic/communication misunderstanding.
Hadwebutknown Limited
Notes to the Accounts
for the year ended 31 March 2022
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Intangible fixed assets
Total
Other increase/(decrease)
400,000
The IP which was independently valued for Hadwebutknown has been transferred and licensed for commercialisation through 3DNovations Limited. The subsequent equity will be converted to share certificates at the behest of 3DNovations Limited.
5
Tangible fixed assets
Total
6
Average number of employees
During the year the average number of employees was 2 (2021: 2).