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REGISTERED NUMBER: 07591404 (England and Wales)















HONDEN LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024






HONDEN LTD (REGISTERED NUMBER: 07591404)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 5 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HONDEN LTD

COMPANY INFORMATION
for the year ended 5 April 2024







DIRECTOR: M L Tyzzer-Smith





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 07591404 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

HONDEN LTD (REGISTERED NUMBER: 07591404)

BALANCE SHEET
5 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 101,952 111,392
101,952 111,392

CURRENT ASSETS
Debtors 6 139,035 1,308
Cash at bank 650,442 829,374
789,477 830,682
CREDITORS
Amounts falling due within one year 7 (202,899 ) (198,598 )
NET CURRENT ASSETS 586,578 632,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

688,530

743,476

CREDITORS
Amounts falling due after more than one
year

8

(2,088

)

(6,264

)

PROVISIONS FOR LIABILITIES 10 (25,125 ) (16,810 )
NET ASSETS 661,317 720,402

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 661,315 720,400
SHAREHOLDERS' FUNDS 661,317 720,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

HONDEN LTD (REGISTERED NUMBER: 07591404)

BALANCE SHEET - continued
5 April 2024


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 2 September 2024 and were signed by:





M L Tyzzer-Smith - Director


HONDEN LTD (REGISTERED NUMBER: 07591404)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 5 April 2024


1. STATUTORY INFORMATION

Honden 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is recognised on the supply of services to the customer excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and 2% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


HONDEN LTD (REGISTERED NUMBER: 07591404)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 6 April 2023
and 5 April 2024 600,000
AMORTISATION
At 6 April 2023
and 5 April 2024 600,000
NET BOOK VALUE
At 5 April 2024 -
At 5 April 2023 -

HONDEN LTD (REGISTERED NUMBER: 07591404)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023 295,330
Additions 5,471
At 5 April 2024 300,801
DEPRECIATION
At 6 April 2023 183,938
Charge for year 14,911
At 5 April 2024 198,849
NET BOOK VALUE
At 5 April 2024 101,952
At 5 April 2023 111,392

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 139,035 1,308

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,176 4,176
Trade creditors 22,678 11,050
Taxation and social security 119,488 85,838
Other creditors 56,557 97,534
202,899 198,598

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 2,088 6,264

9. SECURED DEBTS

Hire purchases are secured against the relevant asset to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,125 16,810

HONDEN LTD (REGISTERED NUMBER: 07591404)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 6 April 2023 16,810
Provided during year 8,315
Balance at 5 April 2024 25,125

11. RELATED PARTY DISCLOSURES

Loans owing to the director on an interest free basis of £77 (2023 - £95,103) were outstanding at the year end, the amounts are repayable on demand.