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COMPANY REGISTRATION NUMBER: 07271805
HDL TRADING LTD
Filleted Unaudited Abridged Financial Statements
For the year ended
30 June 2023
R E Jones & co
HDL TRADING LTD
Abridged Financial Statements
Year ended 30 June 2023
Contents
Pages
Officers and professional advisers
1
Abridged statement of financial position
2 to 3
Notes to the abridged financial statements
4 to 5
R E Jones & co
HDL TRADING LTD
Officers and Professional Advisers
Director
G Conti
Registered office
132 Burnt Ash Road
Lee
London
Unitied Kingdom
SE12 8PU
Accountants
R. E. Jones & Co.
Chartered accountants
132 Burnt Ash Road
Lee
London
SE12 8PU
Bankers
HSBC
18a Curzon Street
London
Unitied Kingdom
W1J 7LA
R E Jones & co
HDL TRADING LTD
Abridged Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Current assets
Debtors
118,082
897,798
Cash at bank and in hand
30,559
69,895
----------
----------
148,641
967,693
Creditors: amounts falling due within one year
166,666
985,718
----------
----------
Net current liabilities
18,025
18,025
--------
--------
Total assets less current liabilities
( 18,025)
( 18,025)
--------
--------
Net liabilities
( 18,025)
( 18,025)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 18,125)
( 18,125)
--------
--------
Shareholders deficit
( 18,025)
( 18,025)
--------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.
R E Jones & co
HDL TRADING LTD
Abridged Statement of Financial Position (continued)
30 June 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
G Conti
Director
Company registration number: 07271805
R E Jones & co
HDL TRADING LTD
Notes to the Abridged Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 132 Burnt Ash Road, Lee, London, SE12 8PU, Unitied Kingdom.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is recognised when goods are delivered to the customer.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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.
4. Contingencies
The company is currently in a VAT dispute with Slovenia authorities regarding deliveries from Slovenia to Italy. The dispute arose through incomplete paperwork/reports to the relevant authorities. HM Revenue and Customs in the UK were then contacted by the Slovenian authorities to request £429,721.26 (a set charge of €500K) from HDL Trading Limited. This does not correlate to the potential VAT on the delivery. A solicitor was appointed in Slovenia to present the evidence. Unfortunately, in December 2024 the court proceedings in Slovenia moved in favour of the Slovenian authorities. The director remains confident there is sufficient evidence to prove the delivery was made, but a timing constraint led to some evidence not being presented to the Slovenia court in time. While the director seeks further counsel, the company has agreed to contribute payments to HM Revenue and Customs, from early 2025, to avoid legal action. The director therefore considers it prudent to recognise a percentage of the above liability in these financial statements until further action can be undertaken. The director and his counsel consider 1/3rd of the above liability to be prudent value and incorporated this into these financial statements accordingly.