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Registered number: 12579713
Hank Trading Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Joshua Leigh & Co Ltd
Chartered Accountants
159 High Street
Barnet
Hertfordshire
EN5 5SU
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12579713
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,929 3,412
Tangible Assets 5 202,991 201,896
204,920 205,308
CURRENT ASSETS
Stocks 15,829 19,535
Debtors 100,672 123,005
Cash at bank and in hand 473,887 343,603
590,388 486,143
Creditors: Amounts Falling Due Within One Year (506,751 ) (414,853 )
NET CURRENT ASSETS (LIABILITIES) 83,637 71,290
TOTAL ASSETS LESS CURRENT LIABILITIES 288,557 276,598
Creditors: Amounts Falling Due After More Than One Year (50,000 ) (50,000 )
NET ASSETS 238,557 226,598
CAPITAL AND RESERVES
Called up share capital 200 200
Profit and Loss Account 238,357 226,398
SHAREHOLDERS' FUNDS 238,557 226,598
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr G Joffe
Director
22 December 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Hank Trading Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12579713 . The registered office is 159 High Street, Barnet, Hertfordshire, EN5 5SU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of five years.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are Trademarks. It is amortised to the profit and loss account over its estimated economic life of five years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the term of the lease
Motor Vehicles 33% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 56 (2024: 55)
56 55
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4. Intangible Assets
Total
£
Cost
As at 1 April 2024 13,870
Additions 725
As at 31 March 2025 14,595
Amortisation
As at 1 April 2024 10,458
Provided during the period 2,208
As at 31 March 2025 12,666
Net Book Value
As at 31 March 2025 1,929
As at 1 April 2024 3,412
5. Tangible Assets
Total
£
Cost
As at 1 April 2024 300,540
Additions 46,295
As at 31 March 2025 346,835
Depreciation
As at 1 April 2024 98,644
Provided during the period 45,200
As at 31 March 2025 143,844
Net Book Value
As at 31 March 2025 202,991
As at 1 April 2024 201,896
Page 4