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REGISTERED NUMBER: 04354280 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 June 2024

for

Handy AV Limited

Handy AV Limited (Registered number: 04354280)






Contents of the Financial Statements
for the Year Ended 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Handy AV Limited

Company Information
for the Year Ended 29 June 2024







DIRECTOR: A C Wright





SECRETARY: L Copeland





REGISTERED OFFICE: Unit F2, LEFA Business Park
Edgington Way
Sidcup
Kent
DA14 5BH





REGISTERED NUMBER: 04354280 (England and Wales)





ACCOUNTANTS: Latham Lambourne Ltd
18 Woodlands Park
Bexley
Kent
DA5 2EL

Handy AV Limited (Registered number: 04354280)

Balance Sheet
29 June 2024

29.6.24 29.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,589 15,335

CURRENT ASSETS
Stocks 104,873 104,873
Debtors 5 56,107 56,795
Cash at bank and in hand 370 23,926
161,350 185,594
CREDITORS
Amounts falling due within one year 6 332,224 158,963
NET CURRENT (LIABILITIES)/ASSETS (170,874 ) 26,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

(161,285

)

41,966

PROVISIONS FOR LIABILITIES 1,822 4,415
NET (LIABILITIES)/ASSETS (163,107 ) 37,551

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (163,109 ) 37,549
SHAREHOLDERS' FUNDS (163,107 ) 37,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 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.

Handy AV Limited (Registered number: 04354280)

Balance Sheet - continued
29 June 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 director and authorised for issue on 27 March 2025 and were signed by:





A C Wright - Director


Handy AV Limited (Registered number: 04354280)

Notes to the Financial Statements
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

Handy AV Limited 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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised on the completion of an installation Where an install is ongoing at the year end, revenue is recognised based on the project's overall value multiplied by the percentage completion at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Handy AV Limited (Registered number: 04354280)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company pays contributions to the director's personal pension scheme. These are charged to the profit and loss account in the period in which they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 June 2023 224,881
Disposals (31,210 )
At 29 June 2024 193,671
DEPRECIATION
At 30 June 2023 209,546
Charge for year 3,942
Eliminated on disposal (29,406 )
At 29 June 2024 184,082
NET BOOK VALUE
At 29 June 2024 9,589
At 29 June 2023 15,335

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Trade debtors (4 ) 5,388
Other debtors 56,111 51,407
56,107 56,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Bank loans and overdrafts 43,623 39,783
Trade creditors 27,276 18,827
Taxation and social security 4,678 11,603
Other creditors 256,647 88,750
332,224 158,963

7. RELATED PARTY DISCLOSURES

The company is controlled by the director who owns all of the issued share capital.
Dividends totalling £nil (2023 £2,000) were paid to the director in the year.