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REGISTERED NUMBER: 14058368 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Hannah Marchant Ltd

Hannah Marchant Ltd (Registered number: 14058368)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Hannah Marchant Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Miss H Marchant





REGISTERED OFFICE: No 5 Bridge Barns
Long Sutton
Somerset
TA10 9PZ





REGISTERED NUMBER: 14058368 (England and Wales)





ACCOUNTANTS: Somerset Accountancy Services Ltd
22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB

Hannah Marchant Ltd (Registered number: 14058368)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,260 45,260
Tangible assets 5 34,474 40,490
74,734 85,750

CURRENT ASSETS
Stocks 7,960 8,992
Debtors 27,051 42,911
Cash at bank 2,640 6,435
37,651 58,338
CREDITORS
Amounts falling due within one year 119,871 130,467
NET CURRENT LIABILITIES (82,220 ) (72,129 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,486

)

13,621

CREDITORS
Amounts falling due after more than one
year

5,239

11,736
NET (LIABILITIES)/ASSETS (12,725 ) 1,885

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (12,726 ) 1,884
SHAREHOLDERS' FUNDS (12,725 ) 1,885

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 director acknowledges her 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.

Hannah Marchant Ltd (Registered number: 14058368)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 October 2024 and were signed by:





Miss H Marchant - Director


Hannah Marchant Ltd (Registered number: 14058368)

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


1. STATUTORY INFORMATION

Hannah Marchant 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, being the amount paid in connection with the acquisition of a business in 2022, 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.

Office Equipment - 15% reducing balance
Computer Equipment - 33% straight line

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 balance sheet 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.

Hannah Marchant Ltd (Registered number: 14058368)

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


2. ACCOUNTING POLICIES - continued

Going concern basis of accounting
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023 4,740
Amortisation for year 5,000
At 31 March 2024 9,740
NET BOOK VALUE

At 31 March 2024 40,260
At 31 March 2023 45,260

Hannah Marchant Ltd (Registered number: 14058368)

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


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 47,669
Additions 823
At 31 March 2024 48,492
DEPRECIATION
At 1 April 2023 7,179
Charge for year 6,839
At 31 March 2024 14,018
NET BOOK VALUE
At 31 March 2024 34,474
At 31 March 2023 40,490

6. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Other loans 4,073 3,973

Amounts falling due between one and two years:
Other loans - 1-2 years 5,239 9,312

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary 1 1 1