Registered number
03016468
Hanman S.P.L.I.T Limited
Filleted Accounts
30 April 2023
Hanman S.P.L.I.T Limited
Company Information
Directors
P R Hanman
S H Hanman
T D Hanman
Mrs L M Starkey
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Units C & D
Goodridge Avenue
Glos
Registered number
03016468
Hanman S.P.L.I.T Limited
Registered number: 03016468
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 45,750 53,132
Current assets
Stocks 14,500 14,500
Debtors 4 433,823 1,083,708
Cash at bank and in hand 731,893 556,124
1,180,216 1,654,332
Creditors: amounts falling due within one year 5 (198,597) (179,752)
Net current assets 981,619 1,474,580
Total assets less current liabilities 1,027,369 1,527,712
Provisions for liabilities - (16,176)
Net assets 1,027,369 1,511,536
Capital and reserves
Called up share capital 416 416
Profit and loss account 1,026,953 1,511,120
Shareholders' funds 1,027,369 1,511,536
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P R Hanman
Director
Approved by the board on 31 October 2023
Hanman S.P.L.I.T Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Leasehold improvements over 10 years
Plant and machinery over 5 years
Motor vehicles over 4 years
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 25 25
3 Tangible fixed assets
Leasehold improvements Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 66,445 150,471 10,281 227,197
Additions - 18,834 - 18,834
At 30 April 2023 66,445 169,305 10,281 246,031
Depreciation
At 1 May 2022 62,348 101,436 10,281 174,065
Charge for the year 4,097 22,119 - 26,216
At 30 April 2023 66,445 123,555 10,281 200,281
Net book value
At 30 April 2023 - 45,750 - 45,750
At 30 April 2022 4,097 49,035 - 53,132
4 Debtors 2023 2022
£ £
Trade debtors 422,572 494,359
Intercompany loan - 582,033
Other debtors 11,251 7,316
433,823 1,083,708
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 92,511 43,147
Taxation and social security costs 70,633 82,785
Other creditors 35,453 53,820
198,597 179,752
6 Controlling party
The company is controlled by the directors.
7 Other information
Hanman S.P.L.I.T Limited is a private company limited by shares and incorporated in England. Its registered office is:
Units C & D
Goodridge Avenue
Glos
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