Registered number
03430947
Hansib Publications Limited
Filleted Accounts
29 February 2024
Hansib Publications Limited
Registered number: 03430947
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 692 950
Current assets
Debtors 4 77,299 82,904
Cash at bank and in hand (4,856) (4,436)
128,360 136,701
Creditors: amounts falling due within one year 5 (30,103) (43,784)
Net current assets 98,257 92,917
Total assets less current liabilities 98,949 93,867
Creditors: amounts falling due after more than one year 6 (29,689) (32,384)
Provisions for liabilities (132) (181)
Net assets 69,128 61,302
Capital and reserves
Called up share capital 21,000 21,000
Profit and loss account 48,128 40,302
Shareholder's funds 69,128 61,302
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S K Ali
Director
Approved by the board on 29 November 2024
Hansib Publications Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% WDV
Fixtures, fittings, tools and equipment 20 %WDV
Office Equipment & Computer Equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 61,088
At 29 February 2024 61,088
Depreciation
At 1 March 2023 60,138
Charge for the year 258
At 29 February 2024 60,396
Net book value
At 29 February 2024 692
At 28 February 2023 950
4 Debtors 2024 2023
£ £
Trade debtors 65,699 71,304
Other debtors 11,600 11,600
77,299 82,904
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 826 826
Trade creditors 4,719 33,431
Taxation and social security costs 4,470 4,310
Other creditors 20,088 5,217
30,103 43,784
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 29,689 32,384
7 Other information
Hansib Publications Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18 Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
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