Company registration number 07015617 (England and Wales)
HOT ONION ACTION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HOT ONION ACTION LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HOT ONION ACTION LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,759
5,338
Current assets
Stocks
6,003
6,044
Debtors
4
10,981
12,717
Cash at bank and in hand
95,218
86,764
112,202
105,525
Creditors: amounts falling due within one year
5
(24,813)
(26,247)
Net current assets
87,389
79,278
Total assets less current liabilities
92,148
84,616
Provisions for liabilities
(832)
(954)
Net assets
91,316
83,662
Capital and reserves
Called up share capital
100
100
Capital redemption reserve
25
25
Profit and loss reserves
91,191
83,537
Total equity
91,316
83,662
HOT ONION ACTION LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 November 2025 and are signed on its behalf by:
Mr S W Southworth
Director
Company registration number 07015617 (England and Wales)
HOT ONION ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Company information

Hot Onion Action Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Paisley Avenue, St Helens, United Kingdom, WA11 9QW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from performance and recording is recognised when services are provided. Revenue from sales of merchandise is recognised when goods are provided.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Equipment
25% Reducing Balance
Motor vehicles
25% Reducing Balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HOT ONION ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
(Continued)
- 4 -
Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax has not been discounted.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
3
Tangible fixed assets
Equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024
14,869
9,975
24,844
Additions
1,007
-
0
1,007
At 31 March 2025
15,876
9,975
25,851
Depreciation and impairment
At 1 April 2024
11,898
7,608
19,506
Depreciation charged in the year
994
592
1,586
At 31 March 2025
12,892
8,200
21,092
Carrying amount
At 31 March 2025
2,984
1,775
4,759
At 31 March 2024
2,971
2,367
5,338
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
10,362
12,397
Other debtors
619
320
10,981
12,717
HOT ONION ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
658
-
0
Corporation tax
14,735
13,693
Other creditors
9,420
12,554
24,813
26,247
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