Registered number
08087765
Handalan Limited
Filleted Accounts
31 May 2023
Handalan Limited
Registered number: 08087765
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Stocks 8,073 8,073
Debtors 3 - 11
Cash at bank and in hand 2,796 31,068
10,869 39,152
Creditors: amounts falling due within one year 4 (6,704) (34,235)
Net current assets 4,165 4,917
Net assets 4,165 4,917
Capital and reserves
Called up share capital 15,001 15,001
Profit and loss account (10,836) (10,084)
Shareholders' funds 4,165 4,917
The director is 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 director acknowledges his 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.
W A Wan Mahmud
Director
Approved by the board on 12 February 2024
Handalan Limited
Notes to the Accounts
for the year ended 31 May 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.
Stocks
Stocks are measured at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Other debtors - 11
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 6,704 34,235
5 Share Capital 2023 2022
£ £
Balance brought forward 15,001 15,001
15,001 15,001
6 Related party transactions
At the reporting date, the company owed Mr W A Wan Mahmud £6,704 ( 2022 - £4,235). No interest was charged on the loan
7 Controlling party
Mr W A Wan Mahmud is the ultimate controlling party.
8 Other information
Handalan Limited is a private company limited by shares and incorporated in England. Its registered office is:
17 Friars Mead
London
E14 3JY
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