Hone U. K. Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06883840 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Hone U. K. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M T Hone Esq

C Hone Esq

REGISTERED OFFICE:

Chimneys

Boughton Hall Avenue

Send

Woking

Surrey

GU23 7DD

REGISTERED NUMBER:

06883840 (England and Wales)

ACCOUNTANTS:

Coussens, Chartered Accountants

Chimneys

Boughton Hall Avenue

Send

Woking

Surrey

GU23 7DD

FIXED ASSETS

Tangible assets

4

5,282

7,043

CURRENT ASSETS

Debtors

5

13,210

13,232

Cash at bank and in hand

13,321

43,500

26,531

56,732

CREDITORS

Amounts falling due within one year

6

(23,750

)

(43,097

)

NET CURRENT ASSETS

2,781

13,635

TOTAL ASSETS LESS CURRENT LIABILITIES

8,063

20,678

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

8,061

20,676

SHAREHOLDERS' FUNDS

8,063

20,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2022 and were signed on its behalf by:

M T Hone Esq - Director

1.	STATUTORY INFORMATION

Hone U. K. Limited 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.

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.

Turnover

Turnover represents gym club subscriptions and sales of sundry supplements and energy foods and drinks. The company operates the Flat Rate scheme for VAT so turnover is shown inclusive of VAT.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2021

and 31 March 2022

42,875

927

4,079

47,881

DEPRECIATION

At 1 April 2021

35,861

898

4,079

40,838

Charge for year

1,754

7

-

1,761

At 31 March 2022

37,615

905

4,079

42,599

NET BOOK VALUE

At 31 March 2022

5,260

22

-

5,282

At 31 March 2021

7,014

29

-

7,043

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

4,210

1,452

Other debtors

9,000

11,780

13,210

13,232

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

-

25,000

Tax

-

1,756

Social security and other taxes

-

39

VAT

2,166

1,104

Directors' current accounts

17,655

9,568

Accrued expenses

3,929

5,630

23,750

43,097

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

2

Ordinary

1

2

2

8.

RESERVES

Retained

earnings

£

At 1 April 2021

20,676

Deficit for the year

(8,615

)

Dividends

(4,000

)

At 31 March 2022

8,061