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REGISTERED NUMBER: 13832212 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

HOS Buy & Trade Ltd

HOS Buy & Trade Ltd (Registered number: 13832212)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HOS Buy & Trade Ltd

Company Information
for the year ended 31 January 2024







DIRECTOR: K Ho





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 13832212 (England and Wales)






HOS Buy & Trade Ltd (Registered number: 13832212)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 20,133 25,546

CURRENT ASSETS
Stocks 5 129,950 213,207
Debtors 6 16,781 124,248
Cash at bank 7,365 11,225
154,096 348,680
CREDITORS
Amounts falling due within one year 7 (152,463 ) (338,317 )
NET CURRENT ASSETS 1,633 10,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,766

35,909

CREDITORS
Amounts falling due after more than one
year

8

(140,000

)

-

PROVISIONS FOR LIABILITIES 9 (4,854 ) (4,854 )
NET (LIABILITIES)/ASSETS (123,088 ) 31,055

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (123,188 ) 30,955
(123,088 ) 31,055

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

HOS Buy & Trade Ltd (Registered number: 13832212)

Statement of Financial Position - continued
31 January 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





K Ho - Director


HOS Buy & Trade Ltd (Registered number: 13832212)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

HOS Buy & Trade Ltd ('The Company') is primarily engaged in retail of second hand goods.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is Yew Tree Cottage, London Road, Nantwich Cheshire CW5 7JU and the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
The company's balance sheet shows net liabilities of £123,088 at the year end. Included in the company's creditors is an amount due to the director of £147,662. The director has confirmed that they will continue to provide financial support to the company for the foreseeable future.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 period end.


HOS Buy & Trade Ltd (Registered number: 13832212)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the period end.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 - 32,588 1,657 34,245
Additions 1,666 - - 1,666
At 31 January 2024 1,666 32,588 1,657 35,911
DEPRECIATION
At 1 February 2023 - 8,147 552 8,699
Charge for year 417 6,110 552 7,079
At 31 January 2024 417 14,257 1,104 15,778
NET BOOK VALUE
At 31 January 2024 1,249 18,331 553 20,133
At 31 January 2023 - 24,441 1,105 25,546

5. STOCKS
2024 2023
£    £   
Stocks 129,950 213,207

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,500 124,248
Other debtors 1,281 -
16,781 124,248

HOS Buy & Trade Ltd (Registered number: 13832212)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 201
Tax - 1,281
VAT 3,881 759
Directors' current accounts 147,662 336,076
Accrued expenses 920 -
152,463 338,317

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 140,000 -

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,854 4,854

Deferred
tax
£   
Balance at 1 February 2023 4,854
Charge to Statement of
Comprehensive Income
Balance at 31 January 2024 4,854