Registered number
12059382
HANTEC PROSPEROUS LIMITED
Filleted Accounts
30 June 2024
HANTEC PROSPEROUS LIMITED
Registered number: 12059382
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,608 20,257
Current assets
Debtors 4 72,783 86,987
Cash at bank and in hand 19,522 50,225
Petty Cash 100 100
92,405 137,312
Creditors: amounts falling due within one year 5 (100,579) (129,304)
Net current (liabilities)/assets (8,174) 8,008
Net assets 17,434 28,265
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,334 28,165
Shareholders' funds 17,434 28,265
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
K S Chong
Director
Approved by the board on 14 February 2025
HANTEC PROSPEROUS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipments over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 7
3 Tangible fixed assets
Furniture and Fixtures Office Equipments Total
£ £ £
Cost
At 1 July 2023 350 22,155 22,505
Additions - 11,673 11,673
Disposals (350) (265) (615)
At 30 June 2024 - 33,563 33,563
Depreciation
At 1 July 2023 47 2,201 2,248
Charge for the year 64 5,838 5,902
On disposals (111) (84) (195)
At 30 June 2024 - 7,955 7,955
Net book value
At 30 June 2024 - 25,608 25,608
At 30 June 2023 303 19,954 20,257
4 Debtors 2024 2023
£ £
Trade debtors 5,674 13,180
VAT 10,314 17,101
Prepayments 20,531 20,682
Rental Deposits 34,500 34,500
Other Deposits 1,524 1,524
Other debtors 240 -
72,783 86,987
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 2,808 3,512
Amounts owed to directors 95,000 100,000
Pension Payable 2,771 -
Deferred Income - 12,000
Taxation and social security costs - 13,792
100,579 129,304
6 Other information
HANTEC PROSPEROUS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
5th Floor 34-36 Gray's Inn Road
London
England
WC1X 8HR
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