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REGISTERED NUMBER: 04260019 (England and Wales)













Unaudited Financial Statements

for the Period

1 September 2022 to 29 February 2024

for

Handsons Interiors Limited

Handsons Interiors Limited (Registered number: 04260019)






Contents of the Financial Statements
for the Period 1 September 2022 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Handsons Interiors Limited

Company Information
for the Period 1 September 2022 to 29 February 2024







DIRECTORS: C F Hand
Mrs J A Hand
T G Hand





SECRETARY: Johnson Hunt (UK) Limited





REGISTERED OFFICE: 14 Thirlmere Avenue
Scartho
Grimsby
N E Lincolnshire
DN33 3EA





REGISTERED NUMBER: 04260019 (England and Wales)

Handsons Interiors Limited (Registered number: 04260019)

Balance Sheet
29 February 2024

29.2.24 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,479 232,170

CURRENT ASSETS
Stocks - 37,558
Debtors 5 20,870 40,912
Cash at bank and in hand 16,918 31
37,788 78,501
CREDITORS
Amounts falling due within one year 6 160,669 106,493
NET CURRENT LIABILITIES (122,881 ) (27,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,598

204,178

CREDITORS
Amounts falling due after more than one
year

7

(106,973

)

(156,475

)

PROVISIONS FOR LIABILITIES (3,576 ) (9,427 )
NET (LIABILITIES)/ASSETS (40,951 ) 38,276

CAPITAL AND RESERVES
Called up share capital 104 104
Revaluation reserve 9 62,802 65,187
Retained earnings (103,857 ) (27,015 )
SHAREHOLDERS' FUNDS (40,951 ) 38,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 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 26 October 2024 and were signed on its behalf by:





C F Hand - Director


Handsons Interiors Limited (Registered number: 04260019)

Notes to the Financial Statements
for the Period 1 September 2022 to 29 February 2024

1. STATUTORY INFORMATION

Handsons Interiors Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Computer equipment - 33% straight line
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Display fixtures and fittings - 20% 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 period 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 period 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 5 (2022 - 5 ) .

Handsons Interiors Limited (Registered number: 04260019)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 29 February 2024

4. TANGIBLE FIXED ASSETS
Freehold Computer Plant and
property equipment machinery
£    £    £   
COST OR VALUATION
At 1 September 2022 220,706 8,912 26,074
Additions - - -
Disposals - (8,912 ) (26,074 )
At 29 February 2024 220,706 - -
DEPRECIATION
At 1 September 2022 40,433 7,910 15,382
Charge for period 6,621 558 1,604
Eliminated on disposal - (8,468 ) (16,986 )
At 29 February 2024 47,054 - -
NET BOOK VALUE
At 29 February 2024 173,652 - -
At 31 August 2022 180,273 1,002 10,692

Display
Fixtures fixtures
and Motor and
fittings vehicles fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 September 2022 9,920 61,000 134,370 460,982
Additions - - 13,788 13,788
Disposals (9,920 ) (61,000 ) - (105,906 )
At 29 February 2024 - - 148,158 368,864
DEPRECIATION
At 1 September 2022 6,665 37,574 120,848 228,812
Charge for period 488 8,417 8,483 26,171
Eliminated on disposal (7,153 ) (45,991 ) - (78,598 )
At 29 February 2024 - - 129,331 176,385
NET BOOK VALUE
At 29 February 2024 - - 18,827 192,479
At 31 August 2022 3,255 23,426 13,522 232,170

Cost or valuation at 29 February 2024 is represented by:

Land and
buildings
£   
Valuation in 2013 79,497
Cost 141,209
220,706

Handsons Interiors Limited (Registered number: 04260019)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

29.2.24 31.8.22
£    £   
Cost 141,209 141,209
Aggregate depreciation 30,359 26,123

Freehold property was valued on an open market basis on 10 July 2013 by Pygott & Crone .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 September 2022 28,862
Disposals (28,862 )
At 29 February 2024 -
DEPRECIATION
At 1 September 2022 20,870
Charge for period 2,664
Eliminated on disposal (23,534 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 31 August 2022 7,992

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 31.8.22
£    £   
Trade debtors 17,064 36,667
Other debtors 3,806 4,245
20,870 40,912

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 31.8.22
£    £   
Bank loans and overdrafts 21,771 35,822
Hire purchase contracts - 3,749
Trade creditors 23,156 39,129
Taxation and social security 19,979 14,971
Other creditors 95,763 12,822
160,669 106,493

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 31.8.22
£    £   
Bank loans 106,973 146,166
Hire purchase contracts - 10,309
106,973 156,475

Handsons Interiors Limited (Registered number: 04260019)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.2.24 31.8.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 44,889 62,545

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 31.8.22
£    £   
Bank overdraft - 6,653
Bank loans 128,744 175,335
Hire purchase contracts - 14,058
128,744 196,046

9. RESERVES
Revaluation
reserve
£   
At 1 September 2022 65,187
Transfer from revaluation
reserve (2,385 )

At 29 February 2024 62,802

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29 February 2024 and the year ended 31 August 2022:

29.2.24 31.8.22
£    £   
C F Hand
Balance outstanding at start of period (12,368 ) 5,505
Amounts advanced 17,213 2,127
Amounts repaid (100,608 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (95,763 ) (12,368 )

11. ULTIMATE CONTROLLING PARTY

The Company is controlled by the Mr C F Hand