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REGISTERED NUMBER: 07847471 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

HNB Trade Ltd

HNB Trade Ltd (Registered number: 07847471)

Contents of the Financial Statements
for the Year Ended 30 November 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HNB Trade Ltd

Company Information
for the Year Ended 30 November 2022







DIRECTOR: Mr V Prabhakaran





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 07847471 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

HNB Trade Ltd (Registered number: 07847471)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 51,472 63,506
Investments 5 34,966 -
86,438 63,506

CURRENT ASSETS
Stocks 6 230,261 387,308
Debtors 7 388,222 214,643
Cash at bank and in hand 343,252 197,048
961,735 798,999
CREDITORS
Amounts falling due within one year 8 71,788 86,008
NET CURRENT ASSETS 889,947 712,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

976,385

776,497

CREDITORS
Amounts falling due after more than one
year

9

633,011

410,759
NET ASSETS 343,374 365,738

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 343,373 365,737
SHAREHOLDERS' FUNDS 343,374 365,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

HNB Trade Ltd (Registered number: 07847471)

Balance Sheet - continued
30 November 2022


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 director and authorised for issue on 12 March 2024 and were signed by:





Mr V Prabhakaran - Director


HNB Trade Ltd (Registered number: 07847471)

Notes to the Financial Statements
for the Year Ended 30 November 2022


1. STATUTORY INFORMATION

HNB Trade 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

HNB Trade Ltd (Registered number: 07847471)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 December 2021 6,884 64,483 5,762 77,129
Additions 1,116 - 3,166 4,282
At 30 November 2022 8,000 64,483 8,928 81,411
DEPRECIATION
At 1 December 2021 4,629 5,255 3,739 13,623
Charge for year 842 14,807 667 16,316
At 30 November 2022 5,471 20,062 4,406 29,939
NET BOOK VALUE
At 30 November 2022 2,529 44,421 4,522 51,472
At 30 November 2021 2,255 59,228 2,023 63,506

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
Additions 34,966
At 30 November 2022 34,966
NET BOOK VALUE
At 30 November 2022 34,966

As of 30/11/22 Listed investment market value £16,407.

6. STOCKS
30.11.22 30.11.21
£ £
Stocks 230,261 387,308

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£ £
Trade debtors 177,402 171,014
Other debtors 138,896 40,195
Directors' current accounts 68,635 -
VAT 1,421 1,900
Prepayments 1,868 1,534
388,222 214,643

HNB Trade Ltd (Registered number: 07847471)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£ £
Bank loans and overdrafts 4,854 2,472
Trade creditors 27,574 40,980
Credit card 894 866
Tax 33,153 27,264
Social security and other taxes 460 852
Other creditors 3,603 3,603
Directors' current accounts - 6,152
Accrued expenses 1,250 3,819
71,788 86,008

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.22 30.11.21
£ £
Other loans more 5yrs non-inst 586,773 355,002
Finance Lease-Tesla 46,238 55,757
633,011 410,759

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 586,773 355,002
Finance Lease-Tesla 46,238 55,757
633,011 410,759

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.22 30.11.21
value: £ £
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£

At 1 December 2021 365,737
Profit for the year 12,864
Dividends (35,228 )
At 30 November 2022 343,373

12. RELATED PARTY DISCLOSURES

Director owes to company as balance sheet date amount £68,635.Repaid within 9 months' time.