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REGISTERED NUMBER: 09057743 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2022

for

Hulse Yazdi Limited

Hulse Yazdi Limited (Registered number: 09057743)






Contents of the Financial Statements
for the Year Ended 31 May 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hulse Yazdi Limited

Company Information
for the Year Ended 31 May 2022







DIRECTORS: D Hulse
D Yazdi





REGISTERED OFFICE: Unit 1, Reed House
Hunters Lane
Rochdale
Lancashire
OL16 1YL





REGISTERED NUMBER: 09057743 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

Hulse Yazdi Limited (Registered number: 09057743)

Statement of Financial Position
31 May 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,772 2,614

CURRENT ASSETS
Debtors 5 111,321 44,044
Cash at bank and in hand 59,513 78,649
170,834 122,693
CREDITORS
Amounts falling due within one year 6 70,021 33,767
NET CURRENT ASSETS 100,813 88,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,585

91,540

CREDITORS
Amounts falling due after more than
one year

7

(37,402

)

(50,000

)

PROVISIONS FOR LIABILITIES 8 (527 ) (497 )
NET ASSETS 65,656 41,043

Hulse Yazdi Limited (Registered number: 09057743)

Statement of Financial Position - continued
31 May 2022

31.5.22 31.5.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 65,654 41,041
SHAREHOLDERS' FUNDS 65,656 41,043

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 8 September 2022 and were signed on its behalf by:




D Yazdi - Director



D Hulse - Director


Hulse Yazdi Limited (Registered number: 09057743)

Notes to the Financial Statements
for the Year Ended 31 May 2022

1. STATUTORY INFORMATION

Hulse Yazdi 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
Revenue 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.


Hulse Yazdi Limited (Registered number: 09057743)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 5 (2021 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2021 3,070 824 4,844 8,738
Additions - - 2,164 2,164
At 31 May 2022 3,070 824 7,008 10,902
DEPRECIATION
At 1 June 2021 2,149 436 3,539 6,124
Charge for year 230 97 1,679 2,006
At 31 May 2022 2,379 533 5,218 8,130
NET BOOK VALUE
At 31 May 2022 691 291 1,790 2,772
At 31 May 2021 921 388 1,305 2,614

Hulse Yazdi Limited (Registered number: 09057743)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

5. DEBTORS
31.5.22 31.5.21
£    £   
Amounts falling due within one year:
Trade debtors 53,481 19,894
Amounts recoverable on contract 42,365 6,321
Amounts owed by related party 6,882 5,345
Prepayments 1,318 2,984
104,046 34,544

Amounts falling due after more than one year:
Staff loan 7,275 9,500

Aggregate amounts 111,321 44,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.22 31.5.21
£    £   
Bank loans and overdrafts 9,974 -
Trade creditors 4,320 2,863
Tax 23,809 18,777
Social security and other taxes 3,381 1,292
VAT 11,790 5,847
Other creditors 8,573 -
Directors' loan accounts 3,964 2,189
Accruals and deferred income 4,210 2,799
70,021 33,767

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.22 31.5.21
£    £   
Bank loans - 1-2 years 37,402 50,000

Hulse Yazdi Limited (Registered number: 09057743)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

8. PROVISIONS FOR LIABILITIES
31.5.22 31.5.21
£    £   
Deferred tax 527 497

Deferred
tax
£   
Balance at 1 June 2021 497
Provided during year 30
Balance at 31 May 2022 527

9. RESERVES
Retained
earnings
£   

At 1 June 2021 41,041
Profit for the year 101,613
Dividends (77,000 )
At 31 May 2022 65,654