REGISTERED NUMBER: 05964965 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Handd Business Solutions Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I Davin

A Hodges

SECRETARY:

I Davin

REGISTERED OFFICE:

Spaces

9 Grey Friars Road

Reading

Berkshire

RG1 1NU

REGISTERED NUMBER:

05964965 (England and Wales)

ACCOUNTANTS:

Geoffrey Cole & Co

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

FIXED ASSETS

Tangible assets

4

8,399

11,835

Investments

5

-

92,584

8,399

104,419

CURRENT ASSETS

Debtors

6

2,648,305

2,846,591

Cash at bank

592,449

895,905

3,240,754

3,742,496

CREDITORS

Amounts falling due within one year

7

2,645,434

2,527,369

NET CURRENT ASSETS

595,320

1,215,127

TOTAL ASSETS LESS CURRENT LIABILITIES

603,719

1,319,546

CREDITORS

Amounts falling due after more than one year

8

(496,181

)

(935,164

)

PROVISIONS FOR LIABILITIES

(2,100

)

(2,959

)

NET ASSETS

105,438

381,423

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

95,438

371,423

SHAREHOLDERS' FUNDS

105,438

381,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

I Davin - Director

1.	STATUTORY INFORMATION

Handd Business Solutions 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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

Turnover and profits

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

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 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.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

7,406

24,340

31,746

Additions

-

2,717

2,717

Disposals

(492

)

(2,653

)

(3,145

)

At 31 December 2024

6,914

24,404

31,318

DEPRECIATION

At 1 January 2024

5,002

14,909

19,911

Charge for year

1,151

5,002

6,153

Eliminated on disposal

(492

)

(2,653

)

(3,145

)

At 31 December 2024

5,661

17,258

22,919

NET BOOK VALUE

At 31 December 2024

1,253

7,146

8,399

At 31 December 2023

2,404

9,431

11,835

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

92,584

Disposals

(92,584

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

92,584

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

900,181

994,739

Amounts owed by group undertakings

-

35,360

Other debtors

898,444

893,834

Prepayments and accrued income

654,513

599,401

2,453,138

2,523,334

Amounts falling due after more than one year:

Prepayments and accrued income

195,167

323,257

Aggregate amounts

2,648,305

2,846,591

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Accruals and deferred income

1,417,878

1,408,334

Trade creditors

742,077

691,741

Taxation and social security

452,791

375,864

Other creditors

32,688

51,430

2,645,434

2,527,369

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Accruals and deferred income

496,181

935,164

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

37,294

36,354

Between one and five years

6,898

27,592

44,192

63,946

10.	RELATED PARTY DISCLOSURES

As at 31 December 2024, AJH Investments Ltd, a company with a common director, owed the company £535,000 (2023 : £535,000). This loan is interest free and repayable on demand.

As at 31 December 2024, Hepburn Holdings Ltd, a company with a common director, owed the company £345,498 (2023 : £345,498). This loan is interest free and repayable on demand.

As at 31 December 2024, Handd Business Solutions Sdn (Malaysia), a company with common directors, owed the company £734 (2023 : £N/A). This loan is interest free and repayable on demand.