HMA Trading Limited - Accounts

HMA TRADING LIMITED - Company Information

2019-04-01 2020-03-31 false Capium Accounts Production 1.1 08800185 bus:AbridgedAccounts 2019-04-01 2020-03-31 08800185 bus:FRS102 2019-04-01 2020-03-31 08800185 bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 08800185 bus:SmallCompaniesRegimeForAccounts 2019-04-01 2020-03-31 08800185 bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 08800185 2019-04-01 2020-03-31 08800185 2020-03-31 08800185 bus:RegisteredOffice 2019-04-01 2020-03-31 08800185 core:WithinOneYear 2020-03-31 08800185 core:AfterOneYear 2020-03-31 08800185 bus:Director1 2019-04-01 2020-03-31 08800185 bus:Director1 2020-03-31 08800185 bus:Director1 2018-04-01 2019-03-31 08800185 bus:Director2 2019-04-01 2020-03-31 08800185 bus:Director2 2020-03-31 08800185 bus:Director2 2018-04-01 2019-03-31 08800185 2018-04-01 08800185 bus:CompanySecretary1 2019-04-01 2020-03-31 08800185 bus:LeadAgentIfApplicable 2019-04-01 2020-03-31 08800185 2018-04-01 2019-03-31 08800185 2019-03-31 08800185 core:WithinOneYear 2019-03-31 08800185 core:AfterOneYear 2019-03-31 08800185 bus:EntityAccountantsOrAuditors 2018-04-01 2019-03-31 08800185 bus:OrdinaryShareClass1 2019-04-01 2020-03-31 08800185 bus:OrdinaryShareClass1 2020-03-31 08800185 bus:OrdinaryShareClass1 2018-04-01 2019-03-31 08800185 bus:OrdinaryShareClass1 2019-03-31 08800185 core:ComputerEquipment 2019-04-01 2020-03-31 08800185 core:ComputerEquipment 2020-03-31 08800185 core:ComputerEquipment 2019-03-31 08800185 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2020-03-31 08800185 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2019-03-31 08800185 core:CostValuation core:Non-currentFinancialInstruments 2020-03-31 08800185 core:CostValuation core:Non-currentFinancialInstruments 2019-03-31 08800185 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2020-03-31 08800185 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2020-03-31 08800185 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2020-03-31 08800185 core:Non-currentFinancialInstruments 2020-03-31 08800185 core:Non-currentFinancialInstruments 2019-03-31 08800185 core:ShareCapital 2020-03-31 08800185 core:ShareCapital 2019-03-31 08800185 core:RetainedEarningsAccumulatedLosses 2020-03-31 08800185 core:RetainedEarningsAccumulatedLosses 2019-03-31 08800185 dpl:Item1 2019-04-01 08800185 dpl:Item1 2020-03-31 08800185 dpl:Item1 2018-04-01 08800185 dpl:Item1 2019-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered Number: 08800185

England and Wales

Abridged Accounts

for the year ended 31 March 2020

for

HMA TRADING LIMITED

HMA Trading Limited
Contents Page
For the year ended 31 March 2020

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 08800185 HMA Trading Limited
Statement of Financial Position
As at 31 March 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible fixed assets	2	-	255
		-	255
Current assets
Stocks		15,152	20,020
Debtors: amounts falling due within one year		6,926	2,250
Cash at bank and in hand		4,460	13,250
		26,538	35,520
Creditors: amount falling due within one year		(23,113)	(34,682)
Net current assets		3,425	838

Total assets less current liabilities		3,425	1,093
Net assets		3,425	1,093

Capital and reserves
Called up share capital	3	2	20
Profit and loss account		3,423	1,073
Shareholders funds		3,425	1,093

For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 19 December 2020 and were signed on its behalf by:

--------------------------------
A Shakoor
Director

HMA Trading Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2020

General Information

HMA Trading Limited is a company limited by shares and is incorporated in England and Wales. The address of the registered office is 54 Hagley Road, Birmingham, West Midlands, England, B16 8PE. The nature of the company's operations and its principal activity was that of an online retailer.

Accounting policies

Basis of accounting

The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.

Turnover

Turnover comprises the value of goods and services supplied by the company.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Tangible fixed assets

Tangible fixed assets, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

33% Straight Line

Stocks

Stocks are measured at lower of cost and estimated selling costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 April 2019	751	751
Additions	-	-
Disposals	-	-
At 31 March 2020	751	751
Depreciation
At 01 April 2019	496	496
Charge for year	255	255
On disposals	-	-
At 31 March 2020	751	751
Net book values
Closing balance as at 31 March 2020	-	-
Opening balance as at 01 April 2019	255	255

Share Capital

Allotted, called up and fully paid	2020 £		2019 £
2 Ordinary shares of £1.00 each	2		2
	2		2

4.	Average number of employees The average monthly number of employees, including directors, during the year/period was 0 (2019 : 0)

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value				Balance owed by/(owed to)
	2020 £		2019 £		2020 £		2019 £
RAS Trading (Europe) Limited	(43,897)		(32,681)		2,250		2,250

RAS Trading (Europe) Limited
During the period, the company purchased goods and services from RAS Trading (Europe) Limited, a company in which Mr A Shakoor, a director of the company has a material interest.