1 March 2022 v2024.4.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP118182202022-03-012023-02-28118182202023-02-28118182202022-02-2811818220core:WithinOneYear2023-02-2811818220core:WithinOneYear2022-02-2811818220core:ShareCapital2023-02-2811818220core:ShareCapital2022-02-2811818220core:RetainedEarningsAccumulatedLosses2023-02-2811818220core:RetainedEarningsAccumulatedLosses2022-02-2811818220bus:Director12022-03-012023-02-2811818220bus:RegisteredOffice2022-03-012023-02-28118182202021-03-012022-02-281181822012022-03-012023-02-2811818220countries:EnglandWales2022-03-012023-02-2811818220bus:AuditExemptWithAccountantsReport2022-03-012023-02-2811818220bus:PrivateLimitedCompanyLtd2022-03-012023-02-2811818220bus:SmallEntities2022-03-012023-02-2811818220bus:FullAccounts2022-03-012023-02-28
Company registration number:
11818220
Hia Direct Limited
Unaudited Filleted Financial Statements for the year ended
28 February 2023
Hia Direct Limited
Statement of Financial Position
28 February 2023
20232022
Note££
Current assets    
Stocks
9,556
 
9,475
 
Cash at bank and in hand
5,837
 
143
 
15,393
 
9,618
 
Creditors: amounts falling due within one year 5
(20,415
)
(15,144
)
Net current liabilities
(5,022
)
(5,526
)
Total assets less current liabilities (5,022 ) (5,526 )
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
(5,032
)
(5,536
)
Shareholders deficit
(5,022
)
(5,526
)
For the year ending
28 February 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
12 February 2024
, and are signed on behalf of the board by:
Syed Tanveer Hussain Shah
Director
Company registration number:
11818220
Hia Direct Limited
Notes to the Financial Statements
Year ended
28 February 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
3 Meldon Road
,
Manchester
,
M13 0TZ
, England.
The Company is engaged in the following business activties:
- Wholesale of clothing and footwear
- Retail sale of clothing in specialised stores
- Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
- Other retail sale not in stores, stalls or markets

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
3.00
).

5 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
1,018
 
759
 
Other creditors
19,397
 
14,385
 
20,415
 
15,144
 
Other creditors include loan to director amounting to £19,397 (2022: £12,824).