Company Registration No. 06663917 (England and Wales)
HEBASEEM LIMITED
Unaudited accounts
for the year ended 31 December 2022
HEBASEEM LIMITED
Unaudited accounts
Contents
HEBASEEM LIMITED
Company Information
for the year ended 31 December 2022
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
HEBASEEM LIMITED
Statement of financial position
as at 31 December 2022
Tangible assets
515,569
506,726
Cash at bank and in hand
52,687
85,920
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
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
HEBASEEM LIMITED
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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.
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.
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
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
At 31 December 2022
509,905
5,664
515,569
At 31 December 2021
500,000
6,726
506,726
Amounts falling due within one year
Trade debtors
60,720
22,130
Other debtors
10,000
13,321
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
Taxes and social security
47,050
53,811
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
12,703
19,702
Loans from directors
-
509
HEBASEEM LIMITED
Notes to the Accounts
for the year ended 31 December 2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 A Ordinary Shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 6 (2021: 6).