Company Registration No. 06306750 (England and Wales)
Hot Nut Company Limited
Unaudited accounts
for the year ended 31 January 2024
Hot Nut Company Limited
Unaudited accounts
Contents
Hot Nut Company Limited
Company Information
for the year ended 31 January 2024
Director
Richard Metcalf Penny
Company Number
06306750 (England and Wales)
Registered Office
28 Villiers House
Clarendon Avenue
Leamington Spa
Warwickshire
CV32 5PR
Accountants
JS Accountancy Services
Measham Business Centre
56 High Street/Queens Street
Measham
Derbyshire
DE12 7HZ
Hot Nut Company Limited
Statement of financial position
as at 31 January 2024
Tangible assets
77,537
74,020
Creditors: amounts falling due within one year
(72,678)
(50,401)
Net current liabilities
(56,445)
(32,275)
Total assets less current liabilities
21,092
41,745
Creditors: amounts falling due after more than one year
(32,282)
(35,252)
Net (liabilities)/assets
(11,190)
6,493
Called up share capital
103
103
Profit and loss account
(11,293)
6,390
Shareholders' funds
(11,190)
6,493
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2024 and were signed on its behalf by
Richard Metcalf Penny
Director
Company Registration No. 06306750
Hot Nut Company Limited
Notes to the Accounts
for the year ended 31 January 2024
Hot Nut Company Limited is a private company, limited by shares, registered in England and Wales, registration number 06306750. The registered office is 28 Villiers House, Clarendon Avenue, Leamington Spa, Warwickshire, CV32 5PR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Computer equipment
25% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Hot Nut Company Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
112,921
2,967
115,888
At 31 January 2024
125,181
2,967
128,148
At 1 February 2023
39,484
2,384
41,868
Charge for the year
8,597
146
8,743
At 31 January 2024
48,081
2,530
50,611
At 31 January 2024
77,100
437
77,537
At 31 January 2023
73,437
583
74,020
Amounts falling due within one year
Trade debtors
16,213
18,110
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
27,436
17,097
Trade creditors
30,430
15,082
Taxes and social security
7,253
8,888
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).