IRIS Accounts Production v24.3.0.553 07847471 director 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078474712022-11-30078474712023-11-30078474712022-12-012023-11-30078474712021-11-30078474712021-12-012022-11-30078474712022-11-3007847471ns15:EnglandWales2022-12-012023-11-3007847471ns14:PoundSterling2022-12-012023-11-3007847471ns10:Director12022-12-012023-11-3007847471ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007847471ns10:SmallEntities2022-12-012023-11-3007847471ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007847471ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007847471ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007847471ns10:FullAccounts2022-12-012023-11-3007847471ns10:OrdinaryShareClass12022-12-012023-11-3007847471ns10:RegisteredOffice2022-12-012023-11-3007847471ns5:CurrentFinancialInstruments2023-11-3007847471ns5:CurrentFinancialInstruments2022-11-3007847471ns5:Non-currentFinancialInstruments2023-11-3007847471ns5:Non-currentFinancialInstruments2022-11-3007847471ns5:ShareCapital2023-11-3007847471ns5:ShareCapital2022-11-3007847471ns5:RetainedEarningsAccumulatedLosses2023-11-3007847471ns5:RetainedEarningsAccumulatedLosses2022-11-3007847471ns5:FurnitureFittings2022-12-012023-11-3007847471ns5:MotorVehicles2022-12-012023-11-3007847471ns5:ComputerEquipment2022-12-012023-11-3007847471ns5:PlantMachinery2022-11-3007847471ns5:FurnitureFittings2022-11-3007847471ns5:MotorVehicles2022-11-3007847471ns5:ComputerEquipment2022-11-3007847471ns5:PlantMachinery2022-12-012023-11-3007847471ns5:PlantMachinery2023-11-3007847471ns5:FurnitureFittings2023-11-3007847471ns5:MotorVehicles2023-11-3007847471ns5:ComputerEquipment2023-11-3007847471ns5:PlantMachinery2022-11-3007847471ns5:FurnitureFittings2022-11-3007847471ns5:MotorVehicles2022-11-3007847471ns5:ComputerEquipment2022-11-3007847471ns5:CostValuation2022-11-3007847471ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3007847471ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-3007847471ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-3007847471ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-11-3007847471ns10:OrdinaryShareClass12023-11-3007847471ns5:RetainedEarningsAccumulatedLosses2022-11-3007847471ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 07847471 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

HNB Trade Ltd

HNB Trade Ltd (Registered number: 07847471)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HNB Trade Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr V Prabhakaran





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 07847471 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

HNB Trade Ltd (Registered number: 07847471)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 39,250 51,472
Investments 5 34,966 34,966
74,216 86,438

CURRENT ASSETS
Stocks 6 30,571 230,261
Debtors 7 455,654 388,222
Cash at bank and in hand 239,181 343,252
725,406 961,735
CREDITORS
Amounts falling due within one year 8 128,453 71,788
NET CURRENT ASSETS 596,953 889,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

671,169

976,385

CREDITORS
Amounts falling due after more than one
year

9

560,532

633,011
NET ASSETS 110,637 343,374

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 110,636 343,373
SHAREHOLDERS' FUNDS 110,637 343,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HNB Trade Ltd (Registered number: 07847471)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 February 2025 and were signed by:





Mr V Prabhakaran - Director


HNB Trade Ltd (Registered number: 07847471)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

HNB Trade Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

HNB Trade Ltd (Registered number: 07847471)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 December 2022 - 8,000 64,483 8,928 81,411
Additions 1,042 - - 338 1,380
At 30 November 2023 1,042 8,000 64,483 9,266 82,791
DEPRECIATION
At 1 December 2022 - 5,471 20,062 4,406 29,939
Charge for year 261 632 11,105 1,604 13,602
At 30 November 2023 261 6,103 31,167 6,010 43,541
NET BOOK VALUE
At 30 November 2023 781 1,897 33,316 3,256 39,250
At 30 November 2022 - 2,529 44,421 4,522 51,472

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 December 2022
and 30 November 2023 34,966
NET BOOK VALUE
At 30 November 2023 34,966
At 30 November 2022 34,966

As of 30/11/22 Listed investment market value £16,407.

6. STOCKS
30.11.23 30.11.22
£ £
Stocks 30,571 230,261

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Trade debtors 242,499 177,402
Other debtors 169,000 138,896
Directors' current accounts 43,238 68,635
VAT 420 1,421
Prepayments 497 1,868
455,654 388,222

HNB Trade Ltd (Registered number: 07847471)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Bank loans and overdrafts - 4,854
Trade creditors 103,875 27,574
Credit card 5,073 894
Tax 5,889 33,153
Social security and other taxes 1,363 460
Other creditors 3,603 3,603
Accrued expenses 8,650 1,250
128,453 71,788

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£ £
Other loans more 5yrs non-inst 523,813 586,773
Finance Lease-Tesla 36,719 46,238
560,532 633,011

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 523,813 586,773
Finance Lease-Tesla 36,719 46,238
560,532 633,011

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £ £
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£

At 1 December 2022 343,373
Deficit for the year (25,965 )
Dividends (206,772 )
At 30 November 2023 110,636

12. RELATED PARTY DISCLOSURES

The Director owes to company at the balance sheet date amount £43,238. Interest of £5,100 was paid on the outstanding balance.