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REGISTERED NUMBER: 07591404 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

FOR

HONDEN LTD

HONDEN LTD (REGISTERED NUMBER: 07591404)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HONDEN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTOR: Mark Lee Tyzzer-Smith





REGISTERED OFFICE: First Floor, Unit 12
Pennine Business Park, Longbow Close
Bradley
Huddersfield
West Yorkshire
HD2 1GQ





REGISTERED NUMBER: 07591404 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

HONDEN LTD (REGISTERED NUMBER: 07591404)

BALANCE SHEET
5 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 111,392 123,446
111,392 123,446

CURRENT ASSETS
Debtors 6 1,308 1,207
Cash at bank 829,374 586,690
830,682 587,897
CREDITORS
Amounts falling due within one year 7 198,598 116,761
NET CURRENT ASSETS 632,084 471,136
TOTAL ASSETS LESS CURRENT LIABILITIES 743,476 594,582

CREDITORS
Amounts falling due after more than one
year

8

(6,264

)

(10,439

)

PROVISIONS FOR LIABILITIES (16,810 ) (18,931 )
NET ASSETS 720,402 565,212

HONDEN LTD (REGISTERED NUMBER: 07591404)

BALANCE SHEET - continued
5 APRIL 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Profit and loss account 720,400 565,210
720,402 565,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





Mark Lee Tyzzer-Smith - Director


HONDEN LTD (REGISTERED NUMBER: 07591404)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

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

GOODWILL
Goodwill and other intangible assets have been capitalised and are amortised on a straight line basis over the estimated useful economic life of ten years, which was chosen because the directors are of the opinion that this is the period over which the company will receive economic benefits from these assets.

TANGIBLE FIXED ASSETS
Tangible fixed assets are included at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on straight line
Fixtures and fittings - 15% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


HONDEN LTD (REGISTERED NUMBER: 07591404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

2. ACCOUNTING POLICIES - continued
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.

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.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

GOVERNMENT GRANTS
Grants are recognised in the profit and loss account in the period which the company becomes eligible to the grant or where any associated expenditure relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 6 April 2022
and 5 April 2023 600,000
AMORTISATION
At 6 April 2022
and 5 April 2023 600,000
NET BOOK VALUE
At 5 April 2023 -
At 5 April 2022 -

HONDEN LTD (REGISTERED NUMBER: 07591404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 6 April 2022 25,164 265,789 290,953
Additions - 4,377 4,377
At 5 April 2023 25,164 270,166 295,330
DEPRECIATION
At 6 April 2022 3,521 163,986 167,507
Charge for year 503 15,928 16,431
At 5 April 2023 4,024 179,914 183,938
NET BOOK VALUE
At 5 April 2023 21,140 90,252 111,392
At 5 April 2022 21,643 101,803 123,446

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,308 1,207

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,176 4,176
Trade creditors 11,049 13,829
Taxation and social security 85,399 85,361
Other creditors 97,974 13,395
198,598 116,761

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,264 10,439

HONDEN LTD (REGISTERED NUMBER: 07591404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 10,440 14,615

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £21,876 (2022: £21,282). Contributions totalling £439 (2022: £435) were payable to the fund at the year end and are included in creditors.

11. RELATED PARTY TRANSACTIONS

Mr Mark L Tyzzer-Smith has a majority of shares in the company, and together with his involvement in its day-to-day management, is deemed to be the controlling party for the purposes of Financial Reporting Standard No. 102.

Creditors falling due within one year includes £95,103 (2022: £3,088) owed to the director Mr Mark L Tyzzer-Smith.