Company Registration No. 11648112 (England and Wales)
Honest Enterprises Limited
Unaudited accounts
for the year ended 31 December 2024
Honest Enterprises Limited
Unaudited accounts
Contents
Honest Enterprises Limited
Company Information
for the year ended 31 December 2024
Directors
A Aitken
J Mihill
T Edmondson
Company Number
11648112 (England and Wales)
Registered Office
3.06
Edinburgh House
170 Kennington Lane
London
SE11 5DP
England
Honest Enterprises Limited
Statement of financial position
as at 31 December 2024
Tangible assets
20,299
26,480
Cash at bank and in hand
277,099
1,452,722
Creditors: amounts falling due within one year
(557,969)
(304,469)
Net current assets
323,472
1,805,772
Total assets less current liabilities
343,771
1,832,252
Provisions for liabilities
Other provisions
(25,000)
(25,000)
Net assets
318,771
1,807,252
Called up share capital
4
4
Share premium
4,817,050
4,125,086
Profit and loss account
(4,498,283)
(2,317,838)
Shareholders' funds
318,771
1,807,252
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 directors acknowledge their 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 of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
A Aitken
Director
Company Registration No. 11648112
Honest Enterprises Limited
Notes to the Accounts
for the year ended 31 December 2024
Honest Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 11648112. The registered office is 3.06, Edinburgh House, 170 Kennington Lane, London, SE11 5DP, England.
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:
Other tangible fixed assets
100%
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
12,940
38,975
51,915
Additions
966
9,325
10,291
At 31 December 2024
13,906
48,300
62,206
At 1 January 2024
6,300
19,135
25,435
Charge for the year
2,623
13,849
16,472
At 31 December 2024
8,923
32,984
41,907
At 31 December 2024
4,983
15,316
20,299
At 31 December 2023
6,640
19,840
26,480
Honest Enterprises Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
306,888
106,783
Other debtors
275,008
536,127
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
59,337
48,854
Trade creditors
236,252
113,880
Taxes and social security
41,588
25,116
Other creditors
126,535
82,283
7
Average number of employees
During the year the average number of employees was 19 (2023: 9).