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COMPANY REGISTRATION NUMBER: 11699171
HELLFIRE PAINTBALL BRISTOL LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 November 2021
HELLFIRE PAINTBALL BRISTOL LTD
FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2021
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
HELLFIRE PAINTBALL BRISTOL LTD
OFFICERS AND PROFESSIONAL ADVISERS
Director
D Russo
Registered office
Lynton House
7-12 Tavistock Square
London
United Kingdom
WC1H 9BQ
Accountants
BSG Valentine (UK) LLP
Chartered Accountants
Lynton House
7 - 12 Tavistock Square
London
WC1H 9BQ
HELLFIRE PAINTBALL BRISTOL LTD
STATEMENT OF FINANCIAL POSITION
30 November 2021
2021
2020
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
3,431
5,146
CURRENT ASSETS
Cash at bank and in hand
44
1,795
CREDITORS: amounts falling due within one year
6
( 49,710)
( 34,382)
--------
--------
NET CURRENT LIABILITIES
( 49,666)
( 32,587)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 46,235)
( 27,441)
CREDITORS: amounts falling due after more than one year
7
( 6,281)
--------
--------
NET LIABILITIES
( 46,235)
( 33,722)
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 46,335)
( 33,822)
--------
--------
SHAREHOLDERS DEFICIT
( 46,235)
( 33,722)
--------
--------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HELLFIRE PAINTBALL BRISTOL LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2021
These financial statements were approved by the board of directors and authorised for issue on 18 August 2022 , and are signed on behalf of the board by:
D Russo
Director
Company registration number: 11699171
HELLFIRE PAINTBALL BRISTOL LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 20% straight line
Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2020: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 December 2020 and 30 November 2021
8,577
-------
Depreciation
At 1 December 2020
3,431
Charge for the year
1,715
-------
At 30 November 2021
5,146
-------
Carrying amount
At 30 November 2021
3,431
-------
At 30 November 2020
5,146
-------
6. Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
2,599
Other creditors
49,710
31,783
--------
--------
49,710
34,382
--------
--------
7. Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
6,281
----
-------