Company Registration No. 05146860 (England and Wales)
HANDIWORLD LIMITED
Unaudited accounts
for the year ended 31 December 2021
HANDIWORLD LIMITED
Unaudited accounts
Contents
HANDIWORLD LIMITED
Company Information
for the year ended 31 December 2021
Directors
Toby Davis
Michael Richard Moody
Anthony Carson Shepherd
Secretary
Christopher William Szpak
Company Number
05146860 (England and Wales)
Registered Office
Salisbury House
London Wall
London
EC2M 5PS
England
Accountants
Fox Accountancy Limited
144 Hall Lane
Upminster
Essex
RM14 1AT
HANDIWORLD LIMITED
Statement of financial position
as at 31 December 2021
Intangible assets
21,097
22,868
Inventories
317,867
146,345
Cash at bank and in hand
123,079
56,342
Creditors: amounts falling due within one year
(185,765)
(66,122)
Net current assets
356,518
281,859
Total assets less current liabilities
377,615
304,727
Creditors: amounts falling due after more than one year
(235,654)
(244,167)
Called up share capital
169,962
169,962
Share premium
915,628
915,628
Profit and loss account
(943,629)
(1,025,030)
Shareholders' funds
141,961
60,560
For the year ending 31 December 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 31 March 2022 and were signed on its behalf by
Toby Davis
Director
Company Registration No. 05146860
HANDIWORLD LIMITED
Notes to the Accounts
for the year ended 31 December 2021
HANDIWORLD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05146860. The registered office is Salisbury House, London Wall, London, EC2M 5PS, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2021
187,661
At 31 December 2021
166,564
At 31 December 2021
21,097
At 31 December 2020
22,868
Patents are being written off in equal annual installments over their estimated economic life of 10 and 20 years.
Research and development is being written off over 3 years.
HANDIWORLD LIMITED
Notes to the Accounts
for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
79,314
73,580
Accrued income and prepayments
9,118
34,889
Other debtors
12,905
36,825
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
8,554
5,833
Trade creditors
157,244
33,815
Taxes and social security
(3,577)
3,783
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Creditors: amounts falling due after more than one year
2021
2020
Other creditors
200,000
200,000
Prior to this year the company issued loan stock in the sum of £200,000. Interest is payable at 6% over the HSBC base rate, the original repayment date of 31st December 2020 has been extended to 31st December 2024
The net loan stock balance of £200,000 is included within other creditors.
8
Average number of employees
During the year the average number of employees was 3 (2020: 1).
