Hana Design Limited - Filleted accounts

Registered number

05623108

Hana Design Limited

Report and Accounts

31 March 2025

Hana Design Limited
Registered number:		05623108

Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,854			1,854

Current assets
Stocks		28,088			193,088
Debtors	4	906,442			578,972
Cash at bank and in hand		6,796			79,218
		941,326			851,278

Creditors: amounts falling due within one year	5	(572,830)			(469,123)

Net current assets			368,496			382,155

Net assets			370,350			384,009

Capital and reserves
Called up share capital			1			1
Profit and loss account			370,349			384,008

Shareholders' funds			370,350			384,009

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R Issa
Director
Approved by the board on 29 April 2025

Hana Design Limited

Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	2		2



3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	At 1 April 2024			1,854
	At 31 March 2025			1,854

	Depreciation
	At 31 March 2025			-

	Net book value
	At 31 March 2025			1,854
	At 31 March 2024			1,854




4	Debtors	2025		2024
£			£

	Trade debtors	828,317		517,940
	Other debtors	78,125		61,032
		906,442		578,972


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	23,777		2,733
	Corporation tax	8,654		-
	Other taxes and social security costs	2,132		2,475
	Other creditors	538,267		463,915
		572,830		469,123




6	Controlling party

	R Issa has the control of the company by virtue of 100% shareholding.


7	Other information

	Hana Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
	33 Bicknall Street
	Blackburn
	Lancashire
	BB1 7EY