2022-01-01 04467458 2022-12-31 04467458 2022-01-01 2022-12-31 04467458 uk-bus:Director1 2022-01-01 2022-12-31 04467458 uk-bus:Director1 2022-12-31 04467458 uk-bus:Director2 2022-01-01 2022-12-31 04467458 uk-bus:Director2 2022-12-31 04467458 2021-12-31 04467458 2021-01-01 2021-12-31 04467458 uk-core:WithinOneYear 2021-12-31 04467458 uk-core:WithinOneYear 2022-12-31 04467458 uk-core:AfterOneYear 2021-12-31 04467458 uk-core:AfterOneYear 2022-12-31 04467458 uk-core:ShareCapital 2022-12-31 04467458 uk-core:ShareCapital 2021-12-31 04467458 uk-core:ToolsEquipment 2022-01-01 2022-12-31 04467458 uk-core:MotorCars 2022-01-01 2022-12-31 04467458 uk-core:FurnitureFittings 2022-01-01 2022-12-31 04467458 uk-core:FurnitureFittings 2021-12-31 04467458 uk-core:MotorCars 2021-12-31 04467458 uk-core:MotorCars 2022-12-31 04467458 uk-core:FurnitureFittings 2022-12-31 iso4217:GBP xbrli:pure 04467458 uk-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 04467458 uk-bus:FRS102 2022-01-01 2022-12-31 04467458 uk-bus:FullAccounts 2022-01-01 2022-12-31 04467458 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
HASMA UK SERVICES LIMITED
Registered Number:04467458
For the year ended 31 December 2022
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Contents Page
1
Directors' Report
2
Income Statement
3
Statement of Financial Position
4 to 6
Notes to the Financial Statements
3
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Directors' Report
The directors present their report and accounts for the year ended 31 December 2022.
Principal activities
The principal activity of the company is to provide its principals (situated in Saudi Arabia) with a complete range of liaison services in the UK, and with office facilities to its foreign associates. The Company proposes to continue these activities.
Directors
The directors who served the company throughout the year were as follows:
Hatem Ali Al-Juffali
Sami Ali Al-Juffali
Hatem Ali Al-Juffali
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
25 September 2023
1 of 6
4
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Income Statement
2021
£
2022
£
Turnover
1,031,674
993,178
993,178
Gross profit
1,031,674
Administrative expenses
(1,012,438)
(974,659)
Operating profit
19,236
18,519
2
19,236
18,519
Profit before taxation
(19,236)
(18,519)
Taxation
-
Profit for the financial year
-
2 of 6
5
Registered Number :
04467458
As at 31 December 2022
HASMA UK SERVICES LIMITED
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
113,943
176,082
3
113,943
176,082
Current assets
Trade and other receivables
4,707
-
4
307,092
Cash and cash equivalents
301,498
301,498
311,799
Trade and other payables: amounts falling due within one
year
(87,781)
(115,341)
5
224,018
186,157
Net current assets
Total assets less current liabilities
300,100
400,100
Trade and other payables: amounts falling due after more
than one year
(400,000)
(300,000)
6
100
Net assets
100
Capital and reserves
Called up share capital
100
100
100
100
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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 in accordance with the provisions applicable to companies subject to the small companies regime.
Hatem Ali Al-Juffali
These financial statements were approved and authorised for issue by the Board on 25 September 2023 and were signed by:
The notes form part of these financial statements
3 of 6
6
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Notes to the Financial Statements
Statutory Information
HASMA UK SERVICES LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04467458.
Registered address:
6 Chesterfield Gardens
London
W1J 5BQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% per annum on cost
Office equipment
25% per annum on cost
Motor vehicles
25% per annum on cost
Fixtures and fittings
2. Profit on ordinary activities before tax
A mark up of 10% is applied to the operating costs of £1,012,438 (£974,659 in 2021) to arrive at the notional profit
for the period. Tax is thus computed on this profit figure £101,244 (£97,466 in 2021). The tax amounts to £19,236
(£18,519 in 2021).
Turnover comprises of the operating costs plus tax on profits, and amounts to £1,031,674 (£993,178 in 2021). The
associate foreign principals reimburse the total operating costs including the tax charge. The operating profit before
taxation, shown in the accounts, comprise of the tax charge for the year. After taxation of £19,236 (£18,519 in 2021)
there is no profit or deficit to be carried forward.
4 of 6
7
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 January 2022
801,050
764,178
36,872
117,616
-
117,616
Additions
At 31 December 2022
154,488
764,178
918,666
Provision for depreciation and impairment
At 01 January 2022
624,968
589,633
35,335
Charge for year
179,755
174,544
5,211
At 31 December 2022
804,723
764,177
40,546
At 31 December 2022
Net book value
113,942
1
113,943
At 31 December 2021
1,537
174,545
176,082
4. Trade and other receivables
2021
2022
£
£
Other debtors
-
4,707
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
(1)
(1)
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
85,260
61,154
Taxation and social security
26,882
23,528
Other creditors
3,200
3,100
115,341
87,781
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
300,000
400,000
5 of 6
8
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Notes to the Financial Statements Continued
7. Average number of persons employed
During the year the average number of employees was 5 (2021 : 5)
6 of 6