Huli Huli Retail Limited 14865160 false 2023-05-12 2024-05-31 2024-05-31 The principal activity of the company is that of retail sale of food. Digita Accounts Production Advanced 6.30.9574.0 true 14865160 2023-05-12 2024-05-31 14865160 2024-05-31 14865160 core:CurrentFinancialInstruments 2024-05-31 14865160 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14865160 core:Non-currentFinancialInstruments 2024-05-31 14865160 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 14865160 bus:SmallEntities 2023-05-12 2024-05-31 14865160 bus:AuditExemptWithAccountantsReport 2023-05-12 2024-05-31 14865160 bus:FilletedAccounts 2023-05-12 2024-05-31 14865160 bus:SmallCompaniesRegimeForAccounts 2023-05-12 2024-05-31 14865160 bus:RegisteredOffice 2023-05-12 2024-05-31 14865160 bus:Director1 2023-05-12 2024-05-31 14865160 bus:Director2 2023-05-12 2024-05-31 14865160 bus:PrivateLimitedCompanyLtd 2023-05-12 2024-05-31 14865160 bus:Agent1 2023-05-12 2024-05-31 14865160 countries:EnglandWales 2023-05-12 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 14865160

Huli Huli Retail Limited

Unaudited Filleted Financial Statements

for the Period from 12 May 2023 to 31 May 2024

 

Huli Huli Retail Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Huli Huli Retail Limited

Company Information

Directors

Ms A Dupont

Mr I Bekaert

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified AccountantsFawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Huli Huli Retail Limited

(Registration number: 14865160)
Balance Sheet as at 31 May 2024

Note

2024
£

Current assets

 

Stocks

4

250

Debtors

5

883

Cash at bank and in hand

 

11

 

1,144

Creditors: Amounts falling due within one year

6

(1,431)

Total assets less current liabilities

 

(287)

Creditors: Amounts falling due after more than one year

6

(1,800)

Net liabilities

 

(2,087)

Capital and reserves

 

Retained earnings

(2,087)

Shareholders' deficit

 

(2,087)

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 February 2025 and signed on its behalf by:
 

.........................................
Ms A Dupont
Director

 

Huli Huli Retail Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the Board on 7 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Huli Huli Retail Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the 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 receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Stocks

2024
£

Other inventories

250

 

Huli Huli Retail Limited

Notes to the Unaudited Financial Statements for the Period from 12 May 2023 to 31 May 2024

5

Debtors

Current

2024
£

Trade debtors

26

Other debtors

857

 

883

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

361

Accruals and deferred income

1,070

1,431

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

7

1,800

7

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

1,800