HCLF TRADING LIMITED Filleted Accounts Cover
HCLF TRADING LIMITED
Company No. 14846255
Information for Filing with The Registrar
31 May 2024
HCLF TRADING LIMITED Balance Sheet Registrar
at
31 May 2024
Company No.
14846255
Notes
2024
£
Current assets
Debtors
4
13,370
Cash at bank and in hand
20
13,390
Creditors: Amount falling due within one year
5
(4,814)
Net current assets
8,576
Total assets less current liabilities
8,576
Net assets
8,576
Capital and reserves
Called up share capital
1
Profit and loss account
7
8,575
Total equity
8,576
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 05 November 2024 and signed on its behalf by:
H.C. Ford
Director
05 November 2024
HCLF TRADING LIMITED Notes to the Accounts Registrar
for the period ended 31 May 2024
1
General information
HCLF TRADING LIMITED is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 14846255
Its registered office is:
9 Miller Place
Epsom
England
KT19 8GS
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
Number
The average monthly number of employees (including directors) during the period:
1
4
Debtors
2024
£
Trade debtors
13,370
13,370
5
Creditors:
amounts falling due within one year
2024
£
Taxes and social security
2,858
Loans from directors
456
Accruals and deferred income
1,500
4,814
6
Share Capital
1 fully paid Ordinary share of £1 nominal value.
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Dividends
2024
£
Dividends for the period:
Dividends paid in the period
3,500
3,500
Dividends by type:
Equity dividends
3,500
3,500
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