IRIS Accounts Production v24.2.0.383 08014802 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080148022023-04-30080148022024-04-30080148022023-05-012024-04-30080148022022-04-30080148022022-05-012023-04-30080148022023-04-3008014802ns15:EnglandWales2023-05-012024-04-3008014802ns14:PoundSterling2023-05-012024-04-3008014802ns10:Director12023-05-012024-04-3008014802ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008014802ns10:SmallEntities2023-05-012024-04-3008014802ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008014802ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008014802ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008014802ns10:FullAccounts2023-05-012024-04-300801480212023-05-012024-04-3008014802ns10:OrdinaryShareClass12023-05-012024-04-3008014802ns10:Director22023-05-012024-04-3008014802ns10:Director32023-05-012024-04-3008014802ns10:RegisteredOffice2023-05-012024-04-3008014802ns5:CurrentFinancialInstruments2024-04-3008014802ns5:CurrentFinancialInstruments2023-04-3008014802ns5:ShareCapital2024-04-3008014802ns5:ShareCapital2023-04-3008014802ns5:FurtherSpecificReserve1ComponentTotalEquity2024-04-3008014802ns5:FurtherSpecificReserve1ComponentTotalEquity2023-04-3008014802ns5:NetGoodwill2023-05-012024-04-3008014802ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3008014802ns5:PlantMachinery2023-05-012024-04-3008014802ns5:NetGoodwill2023-04-3008014802ns5:NetGoodwill2024-04-3008014802ns5:NetGoodwill2023-04-3008014802ns5:PlantMachinery2023-04-3008014802ns5:PlantMachinery2024-04-3008014802ns5:PlantMachinery2023-04-3008014802ns5:CostValuation2023-04-3008014802ns5:AdditionsToInvestments2024-04-3008014802ns5:DisposalsRepaymentsInvestments2024-04-3008014802ns5:CostValuation2024-04-3008014802ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3008014802ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008014802ns10:OrdinaryShareClass12024-04-30080148021ns10:Director12023-04-30080148021ns10:Director12022-04-30080148021ns10:Director12023-05-012024-04-30080148021ns10:Director12022-05-012023-04-30080148021ns10:Director12024-04-30080148021ns10:Director12023-04-30
REGISTERED NUMBER: 08014802 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2024

for

The Handhouse Limited

The Handhouse Limited (Registered number: 08014802)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Handhouse Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P Hanlon
Y Okazaki
C C Heeley





REGISTERED OFFICE: St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN





REGISTERED NUMBER: 08014802 (England and Wales)





ACCOUNTANTS: Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

The Handhouse Limited (Registered number: 08014802)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,180 3,529
Investments 6 412,043 387,808
414,223 391,337

CURRENT ASSETS
Debtors 7 802,652 694,392
Cash at bank 8,244 294,410
810,896 988,802
CREDITORS
Amounts falling due within one year 8 123,179 152,750
NET CURRENT ASSETS 687,717 836,052
TOTAL ASSETS LESS CURRENT LIABILITIES 1,101,940 1,227,389

PROVISIONS FOR LIABILITIES 5,497 -
NET ASSETS 1,096,443 1,227,389

CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves - 25,388
Retained earnings 1,096,343 1,201,901
SHAREHOLDERS' FUNDS 1,096,443 1,227,389

The Handhouse Limited (Registered number: 08014802)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





P Hanlon - Director


The Handhouse Limited (Registered number: 08014802)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

The Handhouse 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.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, sales returns, rebates and discounts.

Revenue is recognised on the provision of services. Where not all services have been rendered, revenue is recognised based upon the period lapsed compared with total period of the project.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

The Handhouse Limited (Registered number: 08014802)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivable.

Trade creditors
Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

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.

Fixed asset investments
Fixed asset investments are shown at the current market value.

The Handhouse Limited (Registered number: 08014802)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 200,000
AMORTISATION
At 1 May 2023
and 30 April 2024 200,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 6,682
DEPRECIATION
At 1 May 2023 3,153
Charge for year 1,349
At 30 April 2024 4,502
NET BOOK VALUE
At 30 April 2024 2,180
At 30 April 2023 3,529

The Handhouse Limited (Registered number: 08014802)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023 387,808
Additions 7,148
Disposals (4,902 )
Fair value movement 21,989
At 30 April 2024 412,043
NET BOOK VALUE
At 30 April 2024 412,043
At 30 April 2023 387,808

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 200,041 127,841
Other debtors 602,611 566,551
802,652 694,392

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,132 7,200
Taxation and social security 111,547 141,550
Other creditors 2,500 4,000
123,179 152,750

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

The Handhouse Limited (Registered number: 08014802)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
P Hanlon
Balance outstanding at start of year 488,289 334,003
Amounts advanced 84,511 161,772
Amounts repaid (81,450 ) (7,486 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 491,350 488,289

Interest is charged on advances to the director at the HMRC approved rate of interest. The loan was provided with no fixed repayment terms and no security.