Registered number
08028907
HACKNEY MARKET LIMITED
Filleted Accounts
30 April 2024
HACKNEY MARKET LIMITED
Registered number: 08028907
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,760 4,585
Current assets
Stocks 72,488 66,068
Cash at bank and in hand 2,754 2,816
75,242 68,884
Creditors: amounts falling due within one year 4 (32,628) (16,960)
Net current assets 42,614 51,924
Total assets less current liabilities 46,374 56,509
Creditors: amounts falling due after more than one year 5 (213,400) (181,571)
Net liabilities (167,026) (125,062)
Capital and reserves
Called up share capital 100 100
Profit and loss account (167,126) (125,162)
Shareholder's funds (167,026) (125,062)
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.
Mr Veli Topyurek
Director
Approved by the board on 10 January 2025
HACKNEY MARKET LIMITED
Notes to the Accounts
for the year ended 30 April 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.Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings & equipment 18% reducing balance method
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
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 May 2023 7,495
At 30 April 2024 7,495
Depreciation
At 1 May 2023 2,910
Charge for the year 825
At 30 April 2024 3,735
Net book value
At 30 April 2024 3,760
At 30 April 2023 4,585
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 3,900 3,900
Trade creditors 12,843 4,732
Other taxes and social security costs 8,591 2,372
Other creditors 7,294 5,956
32,628 16,960
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,495 19,709
Other creditors 196,905 161,862
213,400 181,571
6 Other information
HACKNEY MARKET LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
80 Amhurst Road
Hackney
London
E8 1JH
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