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Registered number: 12305697
Haute World Distribution Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12305697
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 73,446 75,607
73,446 75,607
CURRENT ASSETS
Stocks 153,611 132,481
Debtors 5 214,838 95,848
Cash at bank and in hand 2,342 3,094
370,791 231,423
Creditors: Amounts Falling Due Within One Year 6 (115,741 ) (109,054 )
NET CURRENT ASSETS (LIABILITIES) 255,050 122,369
TOTAL ASSETS LESS CURRENT LIABILITIES 328,496 197,976
Creditors: Amounts Falling Due After More Than One Year 7 (368,910 ) (331,811 )
NET LIABILITIES (40,414 ) (133,835 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (40,514 ) (133,935 )
SHAREHOLDERS' FUNDS (40,414) (133,835)
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Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Hamzah Soukat Alli
Director
27th August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Haute World Distribution Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12305697 . The registered office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% Reducing balance
Motor Vehicles 10% Reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2022 85,448 12,000 97,448
Additions 6,000 - 6,000
As at 30 November 2023 91,448 12,000 103,448
Depreciation
As at 1 December 2022 18,589 3,252 21,841
Provided during the period 7,286 875 8,161
As at 30 November 2023 25,875 4,127 30,002
Net Book Value
As at 30 November 2023 65,573 7,873 73,446
As at 1 December 2022 66,859 8,748 75,607
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 188,028 85,207
Other debtors 22,023 8,349
VAT 4,787 2,292
214,838 95,848
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 106,806 97,257
Bank loans and overdrafts 5,956 5,956
Other taxes and social security 1,267 1,978
Other creditors 1,712 3,863
115,741 109,054
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 34,250 40,207
Other creditors 215,098 141,140
Amounts owed to group undertakings 119,562 150,464
368,910 331,811
8. Ultimate Controlling Party
The company's ultimate parent undertaking is Haute World Group Limited, a company incorporated in England & Wales.
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