H.B.E. Facilities Limited 11877153 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true 11877153 2022-02-01 2023-01-31 11877153 2023-01-31 11877153 core:CurrentFinancialInstruments 2023-01-31 11877153 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11877153 core:Non-currentFinancialInstruments 2023-01-31 11877153 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 11877153 core:MoreThanFiveYears 1 2023-01-31 11877153 core:LandBuildings 2023-01-31 11877153 bus:SmallEntities 2022-02-01 2023-01-31 11877153 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11877153 bus:FullAccounts 2022-02-01 2023-01-31 11877153 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 11877153 bus:RegisteredOffice 2022-02-01 2023-01-31 11877153 bus:Director1 2022-02-01 2023-01-31 11877153 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11877153 core:LandBuildings 2022-02-01 2023-01-31 11877153 countries:AllCountries 2022-02-01 2023-01-31 11877153 2022-01-31 11877153 core:LandBuildings 2022-01-31 11877153 2021-02-01 2022-01-31 11877153 2022-01-31 11877153 core:CurrentFinancialInstruments 2022-01-31 11877153 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 11877153 core:Non-currentFinancialInstruments 2022-01-31 11877153 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 11877153 core:MoreThanFiveYears 1 2022-01-31 11877153 core:LandBuildings 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 11877153

H.B.E. Facilities Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

image-name
 

H.B.E. Facilities Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

H.B.E. Facilities Limited

Company Information

Director

Mr H W Bramley

Registered office

Unit 9
Commerce Way
Leighton Buzzard
Bedfordshire
LU7 4RW

Accountants

Michael J Emery & Co Limited
Chartered Accountants
22 St. John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

H.B.E. Facilities Limited

(Registration number: 11877153)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

580,453

592,959

Current assets

 

Debtors

5

399,448

144,971

Cash at bank and in hand

 

407,546

58,925

 

806,994

203,896

Creditors: Amounts falling due within one year

6

(33,859)

(33,520)

Net current assets

 

773,135

170,376

Total assets less current liabilities

 

1,353,588

763,335

Creditors: Amounts falling due after more than one year

6

(368,568)

(384,831)

Net assets

 

985,020

378,504

Capital and reserves

 

Called up share capital

200

200

Retained earnings

984,820

378,304

Shareholders' funds

 

985,020

378,504

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 20 October 2023
 

.........................................
Mr H W Bramley
Director

 

H.B.E. Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales. Registration number 11877153.

The address of its registered office is:
Unit 9
Commerce Way
Leighton Buzzard
Bedfordshire
LU7 4RW

These financial statements were authorised for issue by the director on 20 October 2023.

2

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

H.B.E. Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Asset class

Depreciation method and rate

Buildings

2% Straight line on building

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

H.B.E. Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

3

Staff numbers

The average number of persons employed by the company during the year, including the director, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 February 2022

625,264

625,264

At 31 January 2023

625,264

625,264

Depreciation

At 1 February 2022

32,305

32,305

Charge for the year

12,506

12,506

At 31 January 2023

44,811

44,811

Carrying amount

At 31 January 2023

580,453

580,453

At 31 January 2022

592,959

592,959

5

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

399,248

144,771

Other debtors

 

200

200

 

399,448

144,971

 

H.B.E. Facilities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

32,559

32,560

Accruals and deferred income

 

1,300

960

 

33,859

33,520

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

368,568

384,831

2023
£

2022
£

Due after more than five years

After more than five years by instalments

238,330

254,592

-

-

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

368,568

384,831

2023
£

2022
£

Current loans and borrowings

Bank borrowings

32,559

32,560