HB Products Limited - Accounts to registrar (filleted) - small 18.2
HB Products Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2021 |
| for |
| HB Products Limited |
| HB Products Limited (Registered number: 07531699) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| HB Products Limited |
| Company Information |
| for the Year Ended 28 February 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3rd Floor Pacific Chambers |
| 11-13 Victoria Street |
| Liverpool |
| Merseyside |
| L2 5QQ |
| HB Products Limited (Registered number: 07531699) |
| Balance Sheet |
| 28 February 2021 |
| 28.2.21 | 29.2.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| HB Products Limited (Registered number: 07531699) |
| Balance Sheet - continued |
| 28 February 2021 |
| 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 |
| HB Products Limited (Registered number: 07531699) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2021 |
| 1. | STATUTORY INFORMATION |
| HB Products Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| HB Products Limited (Registered number: 07531699) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 March 2020 |
| Additions |
| At 28 February 2021 |
| DEPRECIATION |
| At 1 March 2020 |
| Charge for year |
| At 28 February 2021 |
| NET BOOK VALUE |
| At 28 February 2021 |
| At 29 February 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.21 | 29.2.20 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.21 | 29.2.20 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28.2.21 | 29.2.20 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 5,955 | - |
| HB Products Limited (Registered number: 07531699) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2021 |
| 8. | RELATED PARTY DISCLOSURES |
| During the year, in the normal course of business, the company traded with PLH Consulting Ltd, a company owned by Mrs P Howard, wife of Director, Mr G Howard. Included within consultancy expenses are transactions amounting to £24,360 (2020: £27,360). At the end of the year, included within trade creditors is an amount of £4,200 (2020: £2,280) due to PLH Consulting Ltd. |
| During the year, in the normal course of business, the company traded with Black Cat Medicine Ltd, a company 50% owned by Mrs P Howard. Included within sales are amounts of £524,964 (2020: £565,765). At the end of the year, included within trade debtors is an amount due from Black Cat Medicines Ltd of £123,029 (2020: £30,018). |
| Also, during the year, in the normal course of business, the company traded with Direct 4 Baby Ltd, a company owned by Mr G Howard and Mr D Ball. Included within sales are amounts of £471,457 (2020 - £207,886). At the end of the year, included within trade debtors is an amount due from Direct 4 Baby Ltd of £109,149 (2020: £55,261). |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling parties are the Directors, who together, own the entire share capital. |