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Registered number: 05583352
Honeybeartrader Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Advoco (SW) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05583352
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,700 27,092
21,700 27,092
CURRENT ASSETS
Stocks 5 313,921 310,281
Debtors 6 988,651 666,640
Cash at bank and in hand 240,692 364,269
1,543,264 1,341,190
Creditors: Amounts Falling Due Within One Year 7 (350,359 ) (266,852 )
NET CURRENT ASSETS (LIABILITIES) 1,192,905 1,074,338
TOTAL ASSETS LESS CURRENT LIABILITIES 1,214,605 1,101,430
Creditors: Amounts Falling Due After More Than One Year 8 (60,454 ) (156,791 )
NET ASSETS 1,154,151 944,639
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,154,051 944,539
SHAREHOLDERS' FUNDS 1,154,151 944,639
Page 1
Page 2
For the year ending 31 July 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.
On behalf of the board
Mr Mark Smiley
Director
28 April 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Honeybeartrader Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05583352 . The registered office is 14a Albany Road, Weymouth, Dorset, DT4 9TH.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 20% on cost
2.4. 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.
2.5. 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.
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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 11)
11 11
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2024 123,884 7,804 10,106 141,794
Additions 631 - - 631
As at 31 July 2025 124,515 7,804 10,106 142,425
Depreciation
As at 1 August 2024 99,479 6,126 9,097 114,702
Provided during the period 5,328 252 443 6,023
As at 31 July 2025 104,807 6,378 9,540 120,725
Net Book Value
As at 31 July 2025 19,708 1,426 566 21,700
As at 1 August 2024 24,405 1,678 1,009 27,092
5. Stocks
2025 2024
£ £
Stock 313,921 310,281
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 8,937 6,258
Other debtors 979,714 660,382
988,651 666,640
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,930 1,216
Bank loans and overdrafts 10,000 10,000
Corporation tax liability 100,839 99,697
Social security and other tax 3,538 2,696
VAT 38,109 37,711
Other creditors 82,603 52,022
Pension 990 776
Accrued expenses 2,630 2,337
Director's loan account 106,720 60,397
350,359 266,852
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 16,849 22,406
Other creditors 43,605 134,385
60,454 156,791
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5