HIA_DIRECT_LIMITED_28_Feb_2021_companies_house_set_of_accounts.html
HIA_DIRECT_LIMITED_28_Feb_2021_companies_house_set_of_accounts.html
Company registration number:
Statement of Financial Position
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| Note | £ | £ | |||
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| Creditors: amounts falling due within one year | 5 |
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| Net current (liabilities)/assets |
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| Total assets less current liabilities | (2,515 | ) | 126 | ||
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| Profit and loss account |
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| Shareholders (deficit)/funds |
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For the year ending 28 February 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 financial statements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 November 2021 , and are signed on behalf of the board by:
| Director |
Company registration number:
11818220
Notes to the Financial Statements
Year ended 28 February 2021
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 3 Meldon Road , Manchester , M13 0TZ , England.
The Company is engaged in the following business activties:- Wholesale of clothing and footwear- Retail sale of clothing in specialised stores- Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)- Other retail sale not in stores, stalls or markets
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
4 Average number of employees
The average number of persons employed by the company during the year was 3 (2020: nil).
5 Creditors: amounts falling due within one year
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| £ | £ | |||
| Taxation and social security | - |
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| Other creditors |
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Other creditors include £3,174 (2020: Nil) payable to Director.