Registered number
06263463
Honpou Sai Ltd
Filleted Accounts
31 May 2024
Honpou Sai Ltd
Registered number: 06263463
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 24,872 30,332
Current assets
Debtors 4 - 23,892
Cash at bank and in hand 577,698 158,864
577,698 182,756
Creditors: amounts falling due within one year 5 (115,813) (33,278)
Net current assets 461,885 149,478
Net assets 486,757 179,810
Capital and reserves
Called up share capital 100 100
Profit and loss account 486,657 179,710
Shareholder's funds 486,757 179,810
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 her 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.
V A slattery
Director
Approved by the board on 22 October 2024
Honpou Sai Ltd
Notes to the Accounts
for the year ended 31 May 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.
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:
Fixtures and equipment over 5 years
Motor vehicles 18% reducing balannce
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 1,353 36,990 38,343
At 31 May 2024 1,353 36,990 38,343
Depreciation
At 1 June 2023 1,353 6,658 8,011
Charge for the year - 5,460 5,460
At 31 May 2024 1,353 12,118 13,471
Net book value
At 31 May 2024 - 24,872 24,872
At 31 May 2023 - 30,332 30,332
4 Debtors 2024 2023
£ £
Trade debtors - 23,892
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 900 850
Taxation and social security costs 114,902 32,418
Other creditors 11 10
115,813 33,278
6 Controlling party
The contolling interest lies with V A Slattery who holds 100% of issued share capital.
7 Other information
Honpou Sai Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Holly Tree Cottage
Burys Bank Road
Greenham
Berkshire
RG19 8DB
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