HMA Trading Limited - Accounts

HMA TRADING LIMITED - Company Information

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Registered Number: 08800185

England and Wales

Abridged Accounts

for the year ended 31 March 2021

for

HMA TRADING LIMITED

HMA Trading Limited
Contents Page
For the year ended 31 March 2021

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 2021

	Notes	2021 £	2020 £
Current assets
Stocks		13,933	15,152
Debtors: amounts falling due within one year		5,255	6,926
Cash at bank and in hand		17,392	4,459
		36,580	26,537
Creditors: amount falling due within one year		(31,682)	(23,112)
Net current assets		4,898	3,425

Total assets less current liabilities		4,898	3,425
Net assets		4,898	3,425

Capital and reserves
Called up share capital	3	2	2
Profit and loss account		4,896	3,423
Shareholders funds		4,898	3,425

For the year ended 31 March 2021 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 directors' of the company have elected not to include the Income Statement within the financial statements.

The financial statements were approved by the board of directors on 31 May 2021 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 2021

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, B16 8PE. The nature of the company's operations and its principal activity was that of an online retailer.

Accounting policies

Significant accounting policies

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 financial statements comprise the unaudited financial statements of the company up to 31 March each year, and are stated in pound sterling, the company's functional and presentational currency.

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.

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.

2.	Average number of employees Average number of employees during the year was 0 (2020 : 0).

Share Capital

Allotted, called up and fully paid	2021 £		2020 £
2 Ordinary shares of £1.00 each	2		2
	2		2

Related parties

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

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2021 £		2020 £		2021 £		2020 £
RAS Trading (Europe) Limited	(22,999)		(43,897)		(27,750)		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.