Registration number:
Headaway (Europe) Limited
for the Year Ended 28 February 2023
Headaway (Europe) Limited
Contents
Income Statement |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Headaway (Europe) Limited
Income Statement for the Year Ended 28 February 2023
The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
Headaway (Europe) Limited
(Registration number: 03914107)
Balance Sheet as at 28 February 2023
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2023 |
2022 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Headaway (Europe) Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Wales
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency of the financial statements is the Pound Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Summary of disclosure exemptions
As a dormant company, Headaway (Europe) Limited has adopted the transitional exemption: Section 35.10 (m) Dormant Companies. This exemption allows the company, which is within the Companies Act definition of a dormant company, to retain its accounting policies for reported assets, liabilities and equity at the date of transition until there is any change to those balances or the company undertakes any new transactions.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Headaway (Europe) Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023
Debtors |
Current |
Note |
2023 |
2022 |
Amounts owed by related parties |
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Other debtors |
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Accrued income |
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249,835 |
249,835 |
Creditors |
2023 |
2022 |
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Due within one year |
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Accruals |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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790 |
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790 |
Financial guarantee contracts |
The company has a joint and several cross guarantee indemnity facility in respect of contract bonds. This indemnity is in relation to Headaway (Europe) Limited, the parent company G Walters (Holdings) Limited and fellow subsidiaries G Walters (Leasing) Limited, Walters Resources Limited, Walters Plant Hire Limited, Walters Environmental Limited, Walters UK Limited and Walters Land Limited. The indemnity facility is also in relation to three companies outside the group: G Walters (Consultancy) Limited, Ffos Las Limited and Walters Land (Rogerstone) Limited. The total of active contract bonds at 28 February 2023 was £1,891,201 (2022 - £1,168,291).
Related party transactions |
Summary of transactions with parent
Headaway (Europe) Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023
Parent and ultimate parent undertaking |
The company's immediate parent is
The most senior parent entity producing publicly available financial statements is
The ultimate controlling party is