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REGISTERED NUMBER: 06579900 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Hanningtons Ltd

Hanningtons Ltd (Registered number: 06579900)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Hanningtons Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G P Bradbrook
M P Bradbrook





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 06579900 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
Chartered Accountants
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Hanningtons Ltd (Registered number: 06579900)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,600 4,800
Tangible assets 5 331 -
3,931 4,800

CURRENT ASSETS
Stocks 40,305 47,309
Debtors 6 19,638 27,199
Cash at bank and in hand 134,693 100,263
194,636 174,771
CREDITORS
Amounts falling due within one year 7 90,802 102,436
NET CURRENT ASSETS 103,834 72,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,765

77,135

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,665 77,035
SHAREHOLDERS' FUNDS 107,765 77,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 November 2023 and were signed on its behalf by:



G P Bradbrook - Director


Hanningtons Ltd (Registered number: 06579900)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Hanningtons 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 is amortised in equal instalments over 10 years, being the directors' estimate of its useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Hanningtons Ltd (Registered number: 06579900)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 20,000
AMORTISATION
At 1 April 2022 15,200
Charge for year 1,200
At 31 March 2023 16,400
NET BOOK VALUE
At 31 March 2023 3,600
At 31 March 2022 4,800

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 9,864
Additions 379
At 31 March 2023 10,243
DEPRECIATION
At 1 April 2022 9,864
Charge for year 48
At 31 March 2023 9,912
NET BOOK VALUE
At 31 March 2023 331

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,655 25,554
Other debtors 250 250
Directors' current accounts 200 -
Prepayments 1,533 1,395
19,638 27,199

Hanningtons Ltd (Registered number: 06579900)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,358 34,233
Tax 8,829 5,997
Social security and other taxes 1,633 1,455
VAT 215 670
Other creditors 362 -
Payments on account 13,559 20,227
Directors' current accounts 13,820 16,000
Accrued expenses 25,026 23,854
90,802 102,436

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,224 22,224
Between one and five years 44,448 66,672
66,672 88,896

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023, G P Bradbrook, a director, owed the company £200 (2022 : £nil). This loan is repayable on demand and no interest is charged. The maximum amount outstanding during the year was £200.