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REGISTERED NUMBER: 08423016 (England and Wales)















Hattily Cost And Commercial Ltd

Unaudited Financial Statements

for the Period 1 March 2023 to 30 April 2024






Hattily Cost And Commercial Ltd (Registered number: 08423016)






Contents of the Financial Statements
for the Period 1 March 2023 to 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hattily Cost And Commercial Ltd

Company Information
for the Period 1 March 2023 to 30 April 2024







DIRECTORS: Mrs C Wilson
S J Wilson





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: 30a Greenway
Chatham
Kent
ME5 9UY





REGISTERED NUMBER: 08423016 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Hattily Cost And Commercial Ltd (Registered number: 08423016)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,185 -
Tangible assets 5 63,834 69,979
66,019 69,979

CURRENT ASSETS
Debtors 6 93,213 161,843
Cash at bank 31,475 163,411
124,688 325,254
CREDITORS
Amounts falling due within one year 7 73,615 144,117
NET CURRENT ASSETS 51,073 181,137
TOTAL ASSETS LESS CURRENT LIABILITIES 117,092 251,116

CREDITORS
Amounts falling due after more than one
year

8

(58,589

)

(69,177

)

PROVISIONS FOR LIABILITIES (595 ) (1,358 )
NET ASSETS 57,908 180,581

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 57,906 180,579
SHAREHOLDERS' FUNDS 57,908 180,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

Hattily Cost And Commercial Ltd (Registered number: 08423016)

Statement of Financial Position - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





S J Wilson - Director


Hattily Cost And Commercial Ltd (Registered number: 08423016)

Notes to the Financial Statements
for the Period 1 March 2023 to 30 April 2024

1. STATUTORY INFORMATION

Hattily Cost And Commercial 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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 20% on cost

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the period end date.

Hattily Cost And Commercial Ltd (Registered number: 08423016)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 2,475
At 30 April 2024 2,475
AMORTISATION
Charge for period 290
At 30 April 2024 290
NET BOOK VALUE
At 30 April 2024 2,185

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 68,872 39,053 107,925
Additions - 3,134 3,134
At 30 April 2024 68,872 42,187 111,059
DEPRECIATION
At 1 March 2023 6,040 31,906 37,946
Charge for period 1,607 7,672 9,279
At 30 April 2024 7,647 39,578 47,225
NET BOOK VALUE
At 30 April 2024 61,225 2,609 63,834
At 28 February 2023 62,832 7,147 69,979

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 20,031 95,841
Other debtors 812 132
20,843 95,973

Hattily Cost And Commercial Ltd (Registered number: 08423016)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 30 April 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 72,370 65,870

Aggregate amounts 93,213 161,843

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,064 8,055
Hire purchase contracts - 4,813
Taxation and social security 62,775 129,451
Other creditors 1,776 1,798
73,615 144,117

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 58,589 69,177

Amounts falling due in more than five years:

Repayable by instalments
due after five years 19,158 30,010

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 67,653 77,232
Hire purchase contracts - 4,813
67,653 82,045

The bank loan is secured by a fixed charge over the company's freehold premises.

Hattily Cost And Commercial Ltd (Registered number: 08423016)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 30 April 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 April 2024 and the year ended 28 February 2023:

2024 2023
£    £   
Mrs C Wilson and S J Wilson
Balance outstanding at start of period - -
Amounts advanced 411,731 50,887
Amounts repaid (411,731 ) (50,887 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

11. RELATED PARTY DISCLOSURES

Other debtors include £72,370 (2023 : £65,870 ) owed by a company controlled by one of the directors. The amount is repayable over 11 years commencing in March 2024.