Company Registration No. 03686742 (England and Wales)
Hand In Hand Distribution Limited
Unaudited accounts
for the year ended 31 March 2025
Hand In Hand Distribution Limited
Unaudited accounts
Contents
Hand In Hand Distribution Limited
Company Information
for the year ended 31 March 2025
Directors
Mr G Cramphorn
Mrs J Cramphorn
Company Number
03686742 (England and Wales)
Registered Office
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
United Kingdom
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Hand In Hand Distribution Limited
Statement of financial position
as at 31 March 2025
Tangible assets
186,168
188,104
Inventories
132,254
162,714
Cash at bank and in hand
44,467
127,670
Creditors: amounts falling due within one year
(415,249)
(478,040)
Net current liabilities
(128,508)
(125,360)
Total assets less current liabilities
140,502
145,586
Creditors: amounts falling due after more than one year
(1,667)
(11,667)
Provisions for liabilities
Deferred tax
(3,376)
(3,744)
Net assets
135,459
130,175
Called up share capital
10
10
Profit and loss account
135,449
130,165
Shareholders' funds
135,459
130,175
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by
Mr G Cramphorn
Director
Company Registration No. 03686742
Hand In Hand Distribution Limited
Notes to the Accounts
for the year ended 31 March 2025
Hand In Hand Distribution Limited is a private company, limited by shares, registered in England and Wales, registration number 03686742. The registered office is Brunel Court, 122 Fore Street, Saltash, Cornwall, PL12 6JW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
3 year straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Hand In Hand Distribution Limited
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
168,398
42,558
14,715
38,849
264,520
Additions
-
-
-
5,150
5,150
At 31 March 2025
168,398
42,558
14,715
43,999
269,670
At 1 April 2024
-
40,316
3,846
32,254
76,416
Charge for the year
-
404
1,630
5,052
7,086
At 31 March 2025
-
40,720
5,476
37,306
83,502
At 31 March 2025
168,398
1,838
9,239
6,693
186,168
At 31 March 2024
168,398
2,242
10,869
6,595
188,104
5
Investments
Other investments
Valuation at 1 April 2024
82,842
Valuation at 31 March 2025
82,842
Amounts falling due within one year
Trade debtors
89,098
54,095
Other debtors
20,922
8,201
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Trade creditors
976
13,742
Taxes and social security
6,231
4,708
Other creditors
91,725
105,741
Loans from directors
287,384
314,520
Hand In Hand Distribution Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).