Hanstar Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07078574

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,379		5,925

			6,379		5,925
CURRENT ASSETS
Stocks	5	799,910		424,679
Debtors	6	634,483		341,737
Cash at bank and in hand		209,100		417,280

		1,643,493		1,183,696
Creditors: Amounts Falling Due Within One Year	7	(926,162 )		(585,861 )

NET CURRENT ASSETS (LIABILITIES)			717,331		597,835

TOTAL ASSETS LESS CURRENT LIABILITIES			723,710		603,760

Creditors: Amounts Falling Due After More Than One Year	8		(3,032 )		(12,586 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(1,595 )		(1,481 )

NET ASSETS			719,083		589,693

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			718,983		589,593

SHAREHOLDERS' FUNDS			719,083		589,693

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Hanstar Limited

Balance Sheet (continued)

As At 31 March 2025

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 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.

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.

On behalf of the board

Mr Dhillan Chhipa Director	Mr Sachin Chhipa Director
22/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hanstar Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07078574 . The registered office is 48 Rose Court, Nursery Road, Pinner, Middlesex, HA5 2AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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 amounts 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.

2.2. Turnover

Turnover represents amounts receivable for cars sales and commissions received net of VAT and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are initially measured at cost less accumulated depreciation and any accumulated impairment losses.

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

Fixtures & Fittings

25% per annum on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.4. Stocks and Work in Progress

Stocks are valued at the lower of cost and estimated selling price less costs to compelte 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.

Stocks held for distribution at no or noimnal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recoginsed in profit or loss.

2.5. Taxation

Income 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 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 ductible. 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.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Hanstar Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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.

2.6. Judgement and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilites that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods wehre the revision affects both current and future periods.

2.7. Cash at bank and in had

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three month or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilites.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	8,640
Additions	2,581

As at 31 March 2025	11,221

Depreciation
As at 1 April 2024	2,715
Provided during the period	2,127

As at 31 March 2025	4,842

Net Book Value
As at 31 March 2025	6,379

As at 1 April 2024	5,925

5. Stocks

	2025	2024
	£	£
Stock	799,910	424,679

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Hanstar Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	330,135	303,664
Other debtors	304,348	38,073

	634,483	341,737

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	575,597	264,568
Bank loans and overdrafts	10,302	10,747
Other creditors	256,813	178,862
Taxation and social security	83,450	131,684

	926,162	585,861

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,032	12,586

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	1,595	1,481

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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