REGISTERED NUMBER: 07490813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

HOOKED TACKLE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Howard

REGISTERED OFFICE:

88 All Saints Road

Newmarket

Suffolk

CB8 8HF

REGISTERED NUMBER:

07490813 (England and Wales)

ACCOUNTANTS:

NKT Accountants

11 Kings Court

Willie Snaith Road

Newmarket

Suffolk

CB8 7SG

FIXED ASSETS

Intangible assets

4

19,640

22,640

Tangible assets

5

4,440

6,070

24,080

28,710

CURRENT ASSETS

Stocks

214,222

227,359

Debtors

6

940

940

Cash at bank and in hand

22,403

7,774

237,565

236,073

CREDITORS

Amounts falling due within one year

7

64,609

62,966

NET CURRENT ASSETS

172,956

173,107

TOTAL ASSETS LESS CURRENT LIABILITIES

197,036

201,817

PROVISIONS FOR LIABILITIES

800

1,200

NET ASSETS

196,236

200,617

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

196,235

200,616

SHAREHOLDERS' FUNDS

196,236

200,617

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 10th October 2025 and were signed by:

S J Howard - Director

1.	STATUTORY INFORMATION

Hooked Tackle 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 twenty 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

-

20% on reducing balance

Fixtures and fittings

-

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.

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.

Estimation techniques

In preparing the financial statements, management are required to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and the reported amounts of revenue and expenses during the period.

Significant areas requiring the use of estimated relate to the determination of accruals and other liabilities and the disclosure of contingent liabilities, if any, at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

60,000

AMORTISATION

At 1st April 2024

37,360

Charge for year

3,000

At 31st March 2025

40,360

NET BOOK VALUE

At 31st March 2025

19,640

At 31st March 2024

22,640

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2024

and 31st March 2025

15,422

15,240

3,395

34,057

DEPRECIATION

At 1st April 2024

12,902

11,890

3,195

27,987

Charge for year

560

870

200

1,630

At 31st March 2025

13,462

12,760

3,395

29,617

NET BOOK VALUE

At 31st March 2025

1,960

2,480

-

4,440

At 31st March 2024

2,520

3,350

200

6,070

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other debtors

940

940

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

26,926

13,610

Taxation and social security

5,184

6,638

Other creditors

32,499

42,718

64,609

62,966

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31/3/25

31/3/24

£

£

S J Howard

Balance outstanding at start of year

(39,398

)

(50,796

)

Amounts advanced

20,408

26,530

Amounts repaid

(10,676

)

(15,132

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(29,666

)

(39,398

)

During the year £22,000 in rent was paid to the director.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S J Howard.