Registered number
04867973
Hansons Furnishers Limited
Filleted Accounts
31 March 2024
Hansons Furnishers Limited
Registered number: 04867973
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 - 5,781
Current assets
Debtors 5 - 1,700
Cash at bank and in hand 6,898 32,959
6,898 34,659
Creditors: amounts falling due within one year 6 (38,785) (54,883)
Net current liabilities (31,887) (20,224)
Total assets less current liabilities (31,887) (14,443)
Creditors: amounts falling due after more than one year 7 - (34,285)
Net liabilities (31,887) (48,728)
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account (51,887) (68,728)
Shareholders' funds (31,887) (48,728)
The directors are 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 directors acknowledge their 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.
R Hanson
Director
Approved by the board on 15 July 2024
Hansons Furnishers Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
computers 33.3% straight line
Fixtures & fittings 20.0% straight line
Motor vehicles 20.0% reducing balance
Plant & machinery 15.0% straight line
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 that are of a material value 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 2024 2023
Number Number
Average number of persons employed by the company 1.3 4.0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 50,000
Disposals (50,000)
At 31 March 2024 -
Amortisation
At 1 April 2023 50,000
On disposals (50,000)
At 31 March 2024 -
Net book value
At 31 March 2024 -
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 15,737
Disposals (15,737)
At 31 March 2024 -
Depreciation
At 1 April 2023 9,956
On disposals (9,956)
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 5,781
5 Debtors 2024 2023
£ £
Trade debtors - 1,000
Other debtors - 700
- 1,700
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 38,675 6,611
Trade creditors - 4,663
Other taxes and social security costs - 9,025
Other creditors 110 34,584
38,785 54,883
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 34,285
8 Controlling party
The company is controlled by R Hanson, F L Hanson and M A Hanson
9 Other information
Hansons Furnishers Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Old Picture House
Station Road
Crosshills
Keighley, West Yorkshire
BD20 7DT
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