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COMPANY REGISTRATION NUMBER: 10303397
HATHI AUTOS LIMITED
Filleted Unaudited Financial Statements
31 July 2024
HATHI AUTOS LIMITED
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
988
1,235
Current assets
Debtors
6
139
Cash at bank and in hand
1,110
604
-------
----
1,110
743
Creditors: amounts falling due within one year
7
301,779
283,357
---------
---------
Net current liabilities
300,669
282,614
---------
---------
Total assets less current liabilities
( 299,681)
( 281,379)
Creditors: amounts falling due after more than one year
8
3,111
6,689
---------
---------
Net liabilities
( 302,792)
( 288,068)
---------
---------
HATHI AUTOS LIMITED
Statement of Financial Position (continued)
31 July 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 302,892)
( 288,168)
---------
---------
Shareholders deficit
( 302,792)
( 288,068)
---------
---------
These 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 statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 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 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 April 2025 , and are signed on behalf of the board by:
Mr N Islam
Director
Company registration number: 10303397
HATHI AUTOS LIMITED
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Harrow, HA2 7QN, Middlesex.
2. Statement of compliance
These 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 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
As disclosed in the Statement of Financial Position on page 3, the company has a deficit of net assets. Of the creditors, £296,695 is owed to the director and the associated companies who have confirmed that no repayment would be demanded at least for the next twelve months. The director has considered the trading requirements of the company for the period exceeding twelve months from the date of this report. Having regard to the above therefore, it is the opinion of the director that the accounts be be prepared on the going concern basis
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 August 2023 and 31 July 2024
4,146
-------
Depreciation
At 1 August 2023
2,911
Charge for the year
247
-------
At 31 July 2024
3,158
-------
Carrying amount
At 31 July 2024
988
-------
At 31 July 2023
1,235
-------
6. Debtors
2024
2023
£
£
Other debtors
139
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,459
4,021
Social security and other taxes
295
295
Other creditors
298,025
279,041
---------
---------
301,779
283,357
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,111
6,689
-------
-------