Company Registration No. 09058411 (England and Wales)
Honcho Limited
Unaudited accounts
for the year ended 31 December 2024
Honcho Limited
Unaudited accounts
Contents
Honcho Limited
Company Information
for the year ended 31 December 2024
Company Number
09058411 (England and Wales)
Registered Office
The Old Barn
Cole Green
Hertford
Hertfordshire
SG14 2NN
United Kingdom
Accountants
Infinity Accounting Ltd
Eventus Sunderland Road
Market Deeping
Peterborough
PE6 8FD
Honcho Limited
Statement of financial position
as at 31 December 2024
Intangible assets
27,000
31,500
Tangible assets
81,189
98,369
Cash at bank and in hand
49,636
89,030
Creditors: amounts falling due within one year
(1,029,389)
(1,002,854)
Net current liabilities
(153,582)
(76,975)
Total assets less current liabilities
(45,393)
52,894
Creditors: amounts falling due after more than one year
(179,134)
(214,949)
Provisions for liabilities
Deferred tax
(4,593)
(6,928)
Net liabilities
(229,120)
(168,983)
Called up share capital
111
111
Profit and loss account
(229,231)
(169,094)
Shareholders' funds
(229,120)
(168,983)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 September 2025 and were signed on its behalf by
C P Ailey
Director
Company Registration No. 09058411
Honcho Limited
Notes to the Accounts
for the year ended 31 December 2024
Honcho Limited is a private company, limited by shares, registered in England and Wales, registration number 09058411. The registered office is The Old Barn, Cole Green, Hertford, Hertfordshire, SG14 2NN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Development costs are being amortised evenly over their estimated useful life of five years.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2024
45,000
56,000
101,000
At 31 December 2024
45,000
56,000
101,000
At 1 January 2024
13,500
56,000
69,500
Charge for the year
4,500
-
4,500
At 31 December 2024
18,000
56,000
74,000
At 31 December 2024
27,000
-
27,000
At 31 December 2023
31,500
-
31,500
Honcho Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
114,153
39,071
37,711
190,935
At 31 December 2024
114,153
39,071
37,711
190,935
At 1 January 2024
39,922
21,062
31,582
92,566
Charge for the year
11,415
2,701
3,064
17,180
At 31 December 2024
51,337
23,763
34,646
109,746
At 31 December 2024
62,816
15,308
3,065
81,189
At 31 December 2023
74,231
18,009
6,129
98,369
Amounts falling due within one year
Trade debtors
70,886
270,644
Amounts due from group undertakings etc.
-
1,404
Accrued income and prepayments
645,154
461,521
Other debtors
110,131
103,280
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
44,000
44,000
Obligations under finance leases and hire purchase contracts
-
1,835
Trade creditors
680,904
624,226
Amounts owed to group undertakings and other participating interests
-
(419)
Taxes and social security
117,296
70,388
Other creditors
35,125
240,597
Loans from directors
(301,955)
(242,118)
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
142,468
134,283
During the year 2020, the company received a government backed loan in light of the Covid-19 pandemic. The loan is secured by the government over a 10 year repayment period. The loan is being repaid by instalments that began in November 2021. Interest is charged at 2.5% per annum.
Honcho Limited
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
10,000 Ordinary A shares of £0.01 each
100.00
100.00
1,111 Ordinary B shares of £0.01 each
11.11
11.11
10
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
21,058
1,836
Later than one year and not later than five years
3,509
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
242,118
86,131
26,294
301,955
242,118
86,131
26,294
301,955
12
Average number of employees
During the year the average number of employees was 25 (2023: 33).