0 false false false false false false false false false true false false false false true false No description of principal activity 2021-05-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 12578969 2021-05-01 2022-04-30 12578969 2022-04-30 12578969 2021-04-30 12578969 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 12578969 bus:Director1 2021-05-01 2022-04-30 12578969 core:WithinOneYear 2022-04-30 12578969 core:WithinOneYear 2021-04-30 12578969 core:ShareCapital 2022-04-30 12578969 core:ShareCapital 2021-04-30 12578969 core:RetainedEarningsAccumulatedLosses 2022-04-30 12578969 core:RetainedEarningsAccumulatedLosses 2021-04-30 12578969 bus:SmallEntities 2021-05-01 2022-04-30 12578969 bus:AuditExemptWithAccountantsReport 2021-05-01 2022-04-30 12578969 bus:FullAccounts 2021-05-01 2022-04-30 12578969 bus:SmallCompaniesRegimeForAccounts 2021-05-01 2022-04-30 12578969 bus:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 12578969 bus:OrdinaryShareClass1 2022-04-30 12578969 bus:OrdinaryShareClass1 2021-04-30 12578969 core:Associate1 2021-05-01 2022-04-30
COMPANY REGISTRATION NUMBER: 12578969
HELIOS LOGISTICS (WYNYARD) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2022
HELIOS LOGISTICS (WYNYARD) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30th APRIL 2022
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
HELIOS LOGISTICS (WYNYARD) LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2022
2022
2021
Note
£
£
CURRENT ASSETS
Stocks
4
250,000
Debtors
5
1,185,505
4,044
Cash at bank and in hand
476,599
1,348
-------------
-------
1,912,104
5,392
CREDITORS: amounts falling due within one year
6
( 366,927)
( 31,166)
-------------
--------
NET CURRENT ASSETS/(LIABILITIES)
1,545,177
( 25,774)
-------------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,545,177
( 25,774)
-------------
--------
NET ASSETS/(LIABILITIES)
1,545,177
( 25,774)
-------------
--------
HELIOS LOGISTICS (WYNYARD) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2022
2022
2021
Note
£
£
CAPITAL AND RESERVES
Called up share capital
7
100
100
Profit and loss account
1,545,077
( 25,874)
-------------
--------
SHAREHOLDERS FUNDS/(DEFICIT)
1,545,177
( 25,774)
-------------
--------
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 comprehensive income has not been delivered.
For the year ending 30th April 2022 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 were approved by the board of directors and authorised for issue on 2 September 2022 , and are signed on behalf of the board by:
T Cartner
Director
Company registration number: 12578969
HELIOS LOGISTICS (WYNYARD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30th APRIL 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Carter House, Pelaw Leazes Lane, Durham, DH1 1TB.
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. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured sat 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Work in progress is measured at the lower of cost and estimated selling price. Cost includes all costs of purchase and other costs incurred in bringing the work in progress to its present state of completion.
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.
4. STOCKS
2022
2021
£
£
Raw materials and consumables
250,000
----------
----
An adjustment of £834,492 has been made to stock based on the directors' assessment of current market conditions.
5. DEBTORS
2022
2021
£
£
Amounts owed by group undertakings
1,185,000
Other debtors
505
4,044
-------------
-------
1,185,505
4,044
-------------
-------
6. CREDITORS: amounts falling due within one year
2022
2021
£
£
Trade creditors
1,502
24,266
Amounts owed to group undertakings
5,000
Accruals and deferred income
3,000
1,900
Corporation tax
362,425
----------
--------
366,927
31,166
----------
--------
7. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2022
2021
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
8. RELATED PARTY TRANSACTIONS
During the year, the company loaned the amount of £490,000 (2021: £nil) to a company under common control. The loan was interest free and repayable on demand. At the year-end, an amount of £490,000 (2021: £nil) was outstanding. During the year, the company loaned the amount of £205,000 (2021: £nil) to a company under common control. The loan was interest free and repayable on demand. At the year end, an amount of £205,000 (2021: £nil) was outstanding. During the year, the company loaned the amount of £490,000 (2021: £nil) to a company under common control. The loan was interest free and repayable on demand. At the year-end, an amount of £490,000 (2021: £nil) was outstanding. During the year, an amount of £45,000 (2021: £5,000) was loaned from a company under common control. Loan repayments were made totalling £50,000 (2021: £nil). The loan was interest free and repayable on demand. At the year-end, an amount of £nil (2021: £5,000) was outstanding. No further transactions with related parties were undertaken such as required to be disclosure under FRS 102 Section 1A small entities.
9. EMPLOYEE NUMBERS
The company had no employees during the current and previous financial year.