Company Registration No. 12383348 (England and Wales)
HONEY & GINGER LIMITED
Unaudited accounts
for the year ended 31 December 2023
HONEY & GINGER LIMITED
Unaudited accounts
Contents
HONEY & GINGER LIMITED
Company Information
for the year ended 31 December 2023
Directors
Lisa Anthoney
Lynda Anthoney
Ryan Anthoney
Company Number
12383348 (England and Wales)
Registered Office
79 CLEVEDON ROAD
FAILAND
BRISTOL
BS8 3UL
ENGLAND
Accountants
Space Advisory and Accountancy Limited
19 Malago Drive
Bristol
BS3 5DR
HONEY & GINGER LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
1,115,227
1,123,405
Cash at bank and in hand
15,107
9,738
Creditors: amounts falling due within one year
(851,968)
(851,651)
Net current liabilities
(793,503)
(805,640)
Total assets less current liabilities
321,724
317,765
Creditors: amounts falling due after more than one year
(401,368)
(414,204)
Net liabilities
(79,644)
(96,439)
Called up share capital
100
100
Fair value reserve
48,129
48,129
Profit and loss account
(127,873)
(144,668)
Shareholders' funds
(79,644)
(96,439)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by
Lisa Anthoney
Director
Company Registration No. 12383348
HONEY & GINGER LIMITED
Notes to the Accounts
for the year ended 31 December 2023
HONEY & GINGER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12383348. The registered office is 79 CLEVEDON ROAD, FAILAND, BRISTOL, BS8 3UL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on buildings, 10% on improvements straight line
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
HONEY & GINGER LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2023
1,100,000
17,727
13,995
18,632
6,680
1,157,034
Additions
-
4,453
-
-
-
4,453
At 31 December 2023
1,100,000
22,180
13,995
18,632
6,680
1,161,487
At 1 January 2023
-
10,635
8,397
9,646
4,951
33,629
Charge for the year
-
4,436
2,799
3,726
1,670
12,631
At 31 December 2023
-
15,071
11,196
13,372
6,621
46,260
At 31 December 2023
1,100,000
7,109
2,799
5,260
59
1,115,227
At 31 December 2022
1,100,000
7,092
5,598
8,986
1,729
1,123,405
Carrying amount of land and buildings on cost basis
1,098,418
1,098,418
The directors value the property used in the trade as at 31 December 2023 at £1,100,000.
Amounts falling due within one year
Deferred tax asset
19,394
17,875
Accrued income and prepayments
1,771
2,042
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
12,836
12,371
Trade creditors
8,625
9,308
Taxes and social security
3,695
1,962
Loans from directors
821,121
824,689
HONEY & GINGER LIMITED
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
401,368
414,204
Aggregate of amounts that fall due for payment after five years
-
359,907
8
Average number of employees
During the year the average number of employees was 7 (2022: 8).