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REGISTERED NUMBER: 08183849 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

HANOY LTD.

HANOY LTD. (REGISTERED NUMBER: 08183849)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HANOY LTD.

Company Information
for the year ended 31 August 2024







DIRECTORS: E L Svendsen
A Brett





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 08183849 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

HANOY LTD. (REGISTERED NUMBER: 08183849)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,731 5,675
4,731 5,675

CURRENT ASSETS
Stocks 7,650 9,400
Debtors 6 15,636 14,398
Cash at bank and in hand 7,448 10,623
30,734 34,421
CREDITORS
Amounts falling due within one year 7 (21,132 ) (17,437 )
NET CURRENT ASSETS 9,602 16,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,333

22,659

PROVISIONS FOR LIABILITIES 9 (899 ) (1,078 )
NET ASSETS 13,434 21,581

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 13,234 21,381
SHAREHOLDERS' FUNDS 13,434 21,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

HANOY LTD. (REGISTERED NUMBER: 08183849)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





E L Svendsen - Director


HANOY LTD. (REGISTERED NUMBER: 08183849)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Hanoy 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from the sale of trophy engraving services is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 25% reducing balance
Office equipment - 25% reducing balance
Computer equipment - 3 years straight line
Long leasehold - 20% on cost

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

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


HANOY LTD. (REGISTERED NUMBER: 08183849)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern policy
The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 54,000
AMORTISATION
At 1 September 2023
and 31 August 2024 54,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

HANOY LTD. (REGISTERED NUMBER: 08183849)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 27,032 4,305 3,342 34,679
Additions - 382 400 782
Disposals - (445 ) (609 ) (1,054 )
At 31 August 2024 27,032 4,242 3,133 34,407
DEPRECIATION
At 1 September 2023 22,420 3,546 3,038 29,004
Charge for year 1,153 270 244 1,667
Eliminated on disposal - (386 ) (609 ) (995 )
At 31 August 2024 23,573 3,430 2,673 29,676
NET BOOK VALUE
At 31 August 2024 3,459 812 460 4,731
At 31 August 2023 4,612 759 304 5,675

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,520 10,789
Other debtors 4,116 3,609
15,636 14,398

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,719 7,715
Taxation and social security 11,041 7,048
Other creditors 1,372 2,674
21,132 17,437

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 11,350 11,480

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 899 1,078

HANOY LTD. (REGISTERED NUMBER: 08183849)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 1,078
Accelerated capital allowances (179 )
Balance at 31 August 2024 899

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200