IRIS Accounts Production v25.2.0.378 07507403 director 1.4.24 31.3.25 31.3.25 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075074032024-03-31075074032025-03-31075074032024-04-012025-03-31075074032023-03-31075074032023-04-012024-03-31075074032024-03-3107507403ns15:EnglandWales2024-04-012025-03-3107507403ns14:PoundSterling2024-04-012025-03-3107507403ns10:Director12024-04-012025-03-3107507403ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3107507403ns10:SmallEntities2024-04-012025-03-3107507403ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3107507403ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3107507403ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3107507403ns10:FullAccounts2024-04-012025-03-310750740312024-04-012025-03-3107507403ns10:OrdinaryShareClass12024-04-012025-03-3107507403ns10:CompanySecretary12024-04-012025-03-3107507403ns10:RegisteredOffice2024-04-012025-03-3107507403ns5:CurrentFinancialInstruments2025-03-3107507403ns5:CurrentFinancialInstruments2024-03-3107507403ns5:ShareCapital2025-03-3107507403ns5:ShareCapital2024-03-3107507403ns5:RetainedEarningsAccumulatedLosses2025-03-3107507403ns5:RetainedEarningsAccumulatedLosses2024-03-3107507403ns5:NetGoodwill2024-04-012025-03-3107507403ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3107507403ns5:PlantMachinery2024-04-012025-03-3107507403ns5:NetGoodwill2024-03-3107507403ns5:NetGoodwill2025-03-3107507403ns5:NetGoodwill2024-03-3107507403ns5:PlantMachinery2024-03-3107507403ns5:PlantMachinery2025-03-3107507403ns5:PlantMachinery2024-03-3107507403ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3107507403ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107507403ns10:OrdinaryShareClass12025-03-31
REGISTERED NUMBER: 07507403 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Hon & Co Trading Limited

Hon & Co Trading Limited (Registered number: 07507403)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hon & Co Trading Limited

Company Information
for the Year Ended 31st March 2025







DIRECTOR: Mr H W Chan





SECRETARY:





REGISTERED OFFICE: 3 Charnwood Mews
Leyland
Preston
Lancashire
PR25 5AR





REGISTERED NUMBER: 07507403 (England and Wales)





ACCOUNTANTS: Stephen Andrews & Co Limited
186 Eaves Lane
Chorley
Lancashire
PR6 0AU

Hon & Co Trading Limited (Registered number: 07507403)

Balance Sheet
31st March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,275 2,366
Investments 6 250,000 -
252,275 2,366

CURRENT ASSETS
Stocks 48,659 60,169
Debtors 7 120,000 120,000
Cash at bank 316,349 473,292
485,008 653,461
CREDITORS
Amounts falling due within one year 8 201,460 178,976
NET CURRENT ASSETS 283,548 474,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,823

476,851

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 535,822 476,850
SHAREHOLDERS' FUNDS 535,823 476,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 13th August 2025 and were signed by:



Mr H W Chan - Director


Hon & Co Trading Limited (Registered number: 07507403)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

Hon & Co Trading 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hon & Co Trading Limited (Registered number: 07507403)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024
and 31st March 2025 10,000
AMORTISATION
At 1st April 2024
and 31st March 2025 10,000
NET BOOK VALUE
At 31st March 2025 -
At 31st March 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2024 7,853
Additions 850
At 31st March 2025 8,703
DEPRECIATION
At 1st April 2024 5,487
Charge for year 941
At 31st March 2025 6,428
NET BOOK VALUE
At 31st March 2025 2,275
At 31st March 2024 2,366

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.25 31.3.24
£    £   
No description 250,000 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 120,000 120,000

Hon & Co Trading Limited (Registered number: 07507403)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Taxation and social security 52,493 56,409
Other creditors 148,967 122,567
201,460 178,976

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
1 Ordinary £1 1 1