Registered number
11771792
Hart Fone Box Ltd
Filleted Accounts
31 January 2025
Hart Fone Box Ltd
Registered number: 11771792
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,067 1,333
Current assets
Stocks 24,121 24,671
Cash at bank and in hand 5,159 1,725
29,280 26,396
Creditors: amounts falling due within one year 4 (7,231) (7,453)
Net current assets 22,049 18,943
Total assets less current liabilities 23,116 20,276
Creditors: amounts falling due after more than one year 5 (3,038) (6,822)
Net assets 20,078 13,454
Capital and reserves
Called up share capital 200 200
Profit and loss account 19,878 13,254
Shareholders' funds 20,078 13,454
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nasir Ullah Khan
Director
Approved by the board on 10 April 2025
Hart Fone Box Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from the sale of goods . Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 20% RBM
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2024 2,604
At 31 January 2025 2,604
Depreciation
At 1 February 2024 1,271
Charge for the year 266
At 31 January 2025 1,537
Net book value
At 31 January 2025 1,067
At 31 January 2024 1,333
4 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 4,289 4,390
Trade creditors - 1,000
Taxation and social security costs 1,586 747
Accruals 1,354 1,200
Director's Account 2 116
7,231 7,453
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 3,038 6,822
6 Other information
Hart Fone Box Ltd is a private company limited by shares and incorporated in England. Its registered office is:
94 knights road
Birmingham
England
B11 3BQ
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