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Company Registration No. 06663917 (England and Wales)
HEBASEEM LIMITED Unaudited accounts for the year ended 31 December 2022
HEBASEEM LIMITED Unaudited accounts Contents
Page
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HEBASEEM LIMITED Company Information for the year ended 31 December 2022
Director
Aseem Sheikh
Secretary
Heba Bano
Company Number
06663917 (England and Wales)
Registered Office
6 AUCKLAND STREET LONDON SE11 5HT
Accountants
Tax Whizz Greencoat House, First Floor 259 Stratford Road Birmingham West Midlands B11 1QS
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HEBASEEM LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
515,569 
506,726 
Current assets
Debtors
378,468 
342,161 
Cash at bank and in hand
52,687 
85,920 
431,155 
428,081 
Creditors: amounts falling due within one year
(73,491)
(91,450)
Net current assets
357,664 
336,631 
Total assets less current liabilities
873,233 
843,357 
Creditors: amounts falling due after more than one year
(47,703)
(65,211)
Net assets
825,530 
778,146 
Capital and reserves
Called up share capital
200 
200 
Revaluation reserve
355,498 
355,498 
Profit and loss account
469,832 
422,448 
Shareholders' funds
825,530 
778,146 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Aseem Sheikh Director Company Registration No. 06663917
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HEBASEEM LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
HEBASEEM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06663917. The registered office is 6 AUCKLAND STREET, LONDON, SE11 5HT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
6.66% straight line
Plant & machinery
20% reducing balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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HEBASEEM LIMITED Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
500,000 
28,978 
528,978 
Additions
10,612 
826 
11,438 
At 31 December 2022
510,612 
29,804 
540,416 
Depreciation
At 1 January 2022
- 
22,252 
22,252 
Charge for the year
707 
1,888 
2,595 
At 31 December 2022
707 
24,140 
24,847 
Net book value
At 31 December 2022
509,905 
5,664 
515,569 
At 31 December 2021
500,000 
6,726 
506,726 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
60,720 
22,130 
Other debtors
10,000 
13,321 
70,720 
35,451 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
307,748 
306,710 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
21,095 
36,863 
Trade creditors
1,419 
776 
Taxes and social security
47,050 
53,811 
Other creditors
3,351 
- 
Loans from directors
76 
- 
Accruals
500 
- 
73,491 
91,450 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
35,000 
45,000 
Other creditors
12,703 
19,702 
Loans from directors
- 
509 
47,703 
65,211 
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HEBASEEM LIMITED Notes to the Accounts for the year ended 31 December 2022
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
100 A Ordinary Shares of £1 each
100 
100 
200 
200 
9
Average number of employees
During the year the average number of employees was 6 (2021: 6).
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