Registered number
11503984
HI LONDON LTD
Filleted Accounts
28 February 2023
HI LONDON LTD
Registered number: 11503984
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 482 587
Current assets
Debtors 4 21,937 11,300
Cash at bank and in hand 212 5,513
22,149 16,813
Creditors: amounts falling due within one year 5 (12,452) (4,322)
Net current assets 9,697 12,491
Total assets less current liabilities 10,179 13,078
Creditors: amounts falling due after more than one year 6 (9,315) (12,570)
Net assets 864 508
Capital and reserves
Called up share capital 100 100
Profit and loss account 764 408
Shareholder's funds 864 508
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Turugshan TURNA
Director
Approved by the board on 4 October 2023
HI LONDON LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 18% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 March 2022 999
At 28 February 2023 999
Depreciation
At 1 March 2022 412
Charge for the year 105
At 28 February 2023 517
Net book value
At 28 February 2023 482
At 28 February 2022 587
4 Debtors 2023 2022
£ £
Trade debtors 5,400 6,500
Other debtors 16,537 4,800
21,937 11,300
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans (current liability) 1,721 -
Accrued expenses 1,440 1,146
Taxation and social security costs 9,291 5,074
Other creditors - (1,898)
12,452 4,322
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans (non-current liability) 9,315 12,570
7 Other information
HI LONDON LTD is a private company limited by shares and incorporated in England. Its registered office is:
32 Connaught Road
London
E11 4AB
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