Hattily Cost And Commercial Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08423016 (England and Wales)

Hattily Cost And Commercial Ltd

Unaudited Financial Statements for the Year Ended 30 April 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Wilson

S J Wilson

REGISTERED OFFICE:

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

REGISTERED NUMBER:

08423016 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Intangible assets

4

-

2,185

Tangible assets

5

65,495

63,834

65,495

66,019

CURRENT ASSETS

Debtors

6

133,693

93,213

Cash at bank

5,449

31,475

139,142

124,688

CREDITORS

Amounts falling due within one year

7

147,690

73,615

NET CURRENT (LIABILITIES)/ASSETS

(8,548

)

51,073

TOTAL ASSETS LESS CURRENT LIABILITIES

56,947

117,092

CREDITORS

Amounts falling due after more than one
year

8

(54,276

)

(58,589

)

PROVISIONS FOR LIABILITIES

(1,412

)

(595

)

NET ASSETS

1,259

57,908

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

1,257

57,906

SHAREHOLDERS' FUNDS

1,259

57,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

S J Wilson - Director

1.	STATUTORY INFORMATION

Hattily Cost And Commercial Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 20% on cost

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted by the year end date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

2,475

Disposals

(2,475

)

At 30 April 2025

-

AMORTISATION

At 1 May 2024

290

Charge for year

495

Eliminated on disposal

(785

)

At 30 April 2025

-

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

2,185

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 May 2024

68,872

42,187

111,059

Additions

-

6,079

Disposals

-

(8,309

)

(8,309

)

At 30 April 2025

68,872

39,957

108,829

DEPRECIATION

At 1 May 2024

7,647

39,578

47,225

Charge for year

1,377

3,041

4,418

Eliminated on disposal

-

(8,309

)

(8,309

)

At 30 April 2025

9,024

34,310

43,334

NET BOOK VALUE

At 30 April 2025

59,848

5,647

65,495

At 30 April 2024

61,225

2,609

63,834

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

-

20,031

Other debtors

67,823

7,312

67,823

27,343

Amounts falling due after more than one year:

Other debtors

65,870

Aggregate amounts

133,693

93,213

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

6,114

9,064

Taxation and social security

139,676

62,775

Other creditors

1,900

1,776

147,690

73,615

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

54,276

58,589

Amounts falling due in more than five years:

Repayable by instalments

due after five years

15,287

19,158

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

60,390

67,653

The bank loan is secured by a fixed charge over the company's freehold premises.

10.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £68,000.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 April 2025 and the period ended 30 April 2024:

2025

2024

£

Mrs C Wilson and S J Wilson

Balance outstanding at start of year

-

Amounts advanced

137,025

411,731

Amounts repaid

(177,983

)

(411,731

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(40,958

)

-

12.	RELATED PARTY DISCLOSURES

Other debtors include £76,190 (2024 : £72,370 ) owed by a company controlled by one of the directors. The amount is repayable over 11 years commencing in March 2024.