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REGISTERED NUMBER: 06579900 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Hanningtons Ltd

Hanningtons Ltd (Registered number: 06579900)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Hanningtons Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G P Bradbrook
M P Bradbrook





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 06579900 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
Chartered Accountants
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Hanningtons Ltd (Registered number: 06579900)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,400 3,600
Tangible assets 5 205 331
2,605 3,931

CURRENT ASSETS
Stocks 38,505 40,305
Debtors 6 20,459 19,638
Cash at bank and in hand 106,474 134,693
165,438 194,636
CREDITORS
Amounts falling due within one year 7 76,157 90,802
NET CURRENT ASSETS 89,281 103,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,886

107,765

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 91,786 107,665
SHAREHOLDERS' FUNDS 91,886 107,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:



G P Bradbrook - Director


Hanningtons Ltd (Registered number: 06579900)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hanningtons 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.

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.

Goodwill
Goodwill is amortised in equal instalments over 10 years, being the directors' estimate of its useful economic life.

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 - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

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 3 (2023 - 3 ) .

Hanningtons Ltd (Registered number: 06579900)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023 16,400
Charge for year 1,200
At 31 March 2024 17,600
NET BOOK VALUE
At 31 March 2024 2,400
At 31 March 2023 3,600

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 10,243
DEPRECIATION
At 1 April 2023 9,912
Charge for year 126
At 31 March 2024 10,038
NET BOOK VALUE
At 31 March 2024 205
At 31 March 2023 331

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,662 17,655
Other debtors 250 250
Directors' current accounts - 200
Tax 2,920 -
Prepayments 4,627 1,533
20,459 19,638

Hanningtons Ltd (Registered number: 06579900)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,763 27,358
Tax - 8,829
Social security and other taxes 1,536 1,633
VAT 710 215
Other creditors 741 362
Payments on account 13,339 13,559
Directors' current accounts 15,820 13,820
Accrued expenses 24,248 25,026
76,157 90,802

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,224 22,224
Between one and five years 21,600 44,448
43,824 66,672