2023-01-012023-12-312023-12-31false06777706HONU SOLUTIONS 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HONU SOLUTIONS LIMITED

Registered Number
06777706
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

HONU SOLUTIONS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

KELSON, Stephen Paul

Company Secretary

KELSON, Justine

Registered Address

15 Appledram Lane North
Chichester
PO19 3RN

Registered Number

06777706 (England and Wales)
HONU SOLUTIONS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets35811,584
5811,584
Current assets
Debtors412,2752,910
Cash at bank and on hand208,992178,139
221,267181,049
Creditors amounts falling due within one year5(24,473)(13,310)
Net current assets (liabilities)196,794167,739
Total assets less current liabilities197,375169,323
Provisions for liabilities6(145)(301)
Accruals and deferred income(1,080)(1,050)
Net assets196,150167,972
Capital and reserves
Called up share capital100100
Profit and loss account196,050167,872
Shareholders' funds196,150167,972
The financial statements were approved and authorised for issue by the Director on 16 September 2024, and are signed on its behalf by:
KELSON, Stephen Paul
Director
Registered Company No. 06777706
HONU SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences 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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 239,7099,709
Additions320320
At 31 December 2310,02910,029
Depreciation and impairment
At 01 January 238,1258,125
Charge for year1,3231,323
At 31 December 239,4489,448
Net book value
At 31 December 23581581
At 31 December 221,5841,584
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables12,275-
Other debtors-2,910
Total12,2752,910
5.Creditors: amounts due within one year

2023

2022

££
Taxation and social security24,47313,310
Total24,47313,310
6.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)145301
Total145301