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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
Page
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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
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HONEY & GINGER LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,115,227 
1,123,405 
Current assets
Inventories
19,200 
15,509 
Debtors
24,158 
20,764 
Cash at bank and in hand
15,107 
9,738 
58,465 
46,011 
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)
Capital and reserves
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
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HONEY & GINGER LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
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 
2023 
2022 
£ 
£ 
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.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
565 
36 
Deferred tax asset
19,394 
17,875 
Accrued income and prepayments
1,771 
2,042 
Other debtors
2,428 
811 
24,158 
20,764 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
12,836 
12,371 
VAT
805 
285 
Trade creditors
8,625 
9,308 
Taxes and social security
3,695 
1,962 
Other creditors
622 
2,086 
Loans from directors
821,121 
824,689 
Accruals
4,264 
950 
851,968 
851,651 
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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).
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