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Company Registration No. 09058411 (England and Wales)
Honcho Limited Unaudited accounts for the year ended 31 December 2025
Honcho Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Honcho Limited Company Information for the year ended 31 December 2025
Director
C P Ailey
Company Number
09058411 (England and Wales)
Registered Office
The Old Barn Cole Green Hertford Hertfordshire SG14 2NN United Kingdom
Accountants
Infinity Accounting Ltd Eventus Sunderland Road Market Deeping Peterborough PE6 8FD
- 3 -
Honcho Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
22,500
27,000
Tangible assets
5
65,257
81,189
87,757
108,189
Current assets
Debtors
6
878,733
826,171
Cash at bank and in hand
148,304
49,636
1,027,037
875,807
Creditors: amounts falling due within one year
7
(1,146,756)
(1,029,389)
Net current liabilities
(119,719)
(153,582)
Total assets less current liabilities
(31,962)
(45,393)
Creditors: amounts falling due after more than one year
8
(98,615)
(179,134)
Provisions for liabilities
Deferred tax
9
(3,464)
(4,593)
Net liabilities
(134,041)
(229,120)
Capital and reserves
Called up share capital
10
111
111
Profit and loss account
(134,152)
(229,231)
Shareholders' funds
(134,041)
(229,120)
For the year ending 31 December 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 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 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 and authorised for issue on 24 February 2026 and were signed on its behalf by
C P Ailey Director Company Registration No. 09058411
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Honcho Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Honcho Limited is a private company, limited by shares, registered in England and Wales, registration number 09058411. The registered office is The Old Barn, Cole Green, Hertford, Hertfordshire, SG14 2NN, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
10% on cost
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Development costs are being amortised evenly over their estimated useful life of five years.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 January 2025
45,000
56,000
101,000
At 31 December 2025
45,000
56,000
101,000
Amortisation
At 1 January 2025
18,000
56,000
74,000
Charge for the year
4,500
-
4,500
At 31 December 2025
22,500
56,000
78,500
Net book value
At 31 December 2025
22,500
-
22,500
At 31 December 2024
27,000
-
27,000
- 5 -
Honcho Limited Notes to the Accounts for the year ended 31 December 2025
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
114,153
39,071
37,711
190,935
Additions
-
-
844
844
At 31 December 2025
114,153
39,071
38,555
191,779
Depreciation
At 1 January 2025
51,337
23,763
34,646
109,746
Charge for the year
11,415
2,296
3,065
16,776
At 31 December 2025
62,752
26,059
37,711
126,522
Net book value
At 31 December 2025
51,401
13,012
844
65,257
At 31 December 2024
62,816
15,308
3,065
81,189
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
82,075
70,886
Accrued income and prepayments
672,347
645,154
Other debtors
124,311
110,131
878,733
826,171
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
36,667
44,000
VAT
366,624
437,589
Trade creditors
852,993
680,904
Taxes and social security
167,289
117,296
Other creditors
50,353
35,125
Loans from directors
(343,968)
(301,955)
Accruals
16,798
16,430
1,146,756
1,029,389
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
36,666
Other creditors
98,615
142,468
98,615
179,134
During the year 2020, the company received a government backed loan in light of the Covid-19 pandemic. The loan is secured by the government over a 10 year repayment period. The loan is being repaid by instalments that began in November 2021. Interest is charged at 2.5% per annum.
- 6 -
Honcho Limited Notes to the Accounts for the year ended 31 December 2025
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
3,464
4,593
2025
2024
£
£
Provision at start of year
4,593
6,928
Credited to the profit and loss account
(1,129)
(2,335)
Provision at end of year
3,464
4,593
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
10,000 Ordinary A shares of £0.01 each
100.00
100.00
1,111 Ordinary B shares of £0.01 each
11.11
11.11
111.11
111.11
11
Operating lease commitments
2025
2024
£
£
At 31 December 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,509
21,058
Later than one year and not later than five years
-
3,509
3,509
24,567
12
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Directors Loan
301,955
47,013
5,000
343,968
301,955
47,013
5,000
343,968
13
Transactions with related parties
At 31 December 2025, the company owed Laud Limited an amount of £6,500 (2024: £nil). Laud Limited is a company in which C Ailey, the director of Honcho Limited is a director and majority shareholder. No interest has been charged on the loan.
14
Average number of employees
During the year the average number of employees was 22 (2024: 25).
- 7 -