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REGISTERED NUMBER: 09374950 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

HONEYS BOXING LIMITED

HONEYS BOXING LIMITED (REGISTERED NUMBER: 09374950)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HONEYS BOXING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: J Honey





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 09374950 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

HONEYS BOXING LIMITED (REGISTERED NUMBER: 09374950)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,054 30,724

CURRENT ASSETS
Stocks 734 2,320
Debtors 5 40,407 7,176
Cash at bank and in hand 10,671 52,061
51,812 61,557
CREDITORS
Amounts falling due within one year 6 27,787 46,722
NET CURRENT ASSETS 24,025 14,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,079

45,559

CREDITORS
Amounts falling due after more than one
year

7

27,748

-
NET ASSETS 31,331 45,559

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,231 45,459
SHAREHOLDERS' FUNDS 31,331 45,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

HONEYS BOXING LIMITED (REGISTERED NUMBER: 09374950)

BALANCE SHEET - continued
31 JANUARY 2022


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 12 September 2022 and were signed by:





J Honey - Director


HONEYS BOXING LIMITED (REGISTERED NUMBER: 09374950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

Honeys Boxing 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.

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 represents invoiced sales of goods and services

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, Fittings & Equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

HONEYS BOXING LIMITED (REGISTERED NUMBER: 09374950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

4. TANGIBLE FIXED ASSETS
Fixtures,
Fittings
& Equipment
£   
COST
At 1 February 2021 62,716
Additions 10,515
At 31 January 2022 73,231
DEPRECIATION
At 1 February 2021 31,992
Charge for year 6,185
At 31 January 2022 38,177
NET BOOK VALUE
At 31 January 2022 35,054
At 31 January 2021 30,724

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 405 3,124
Directors' current accounts 35,805 -
Prepayments 4,197 4,052
40,407 7,176

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,692 901
Trade creditors 7,689 502
Tax 4,819 7,972
Social security and other taxes 102 -
VAT 7,116 2,710
Other creditors 1,369 -
Directors' current accounts - 33,637
Accrued expenses 1,000 1,000
27,787 46,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 2-5 years 27,748 -

HONEYS BOXING LIMITED (REGISTERED NUMBER: 09374950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2022 and 31 January 2021:

2022 2021
£    £   
J Honey
Balance outstanding at start of year - -
Amounts advanced 35,805 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,805 -