Company Registration No. 13125444 (England and Wales)
Hugo Souto Building and Refurbishments Limited
Unaudited accounts
for the year ended 31 January 2023
Hugo Souto Building and Refurbishments Limited
Unaudited accounts
Contents
Hugo Souto Building and Refurbishments Limited
Company Information
for the year ended 31 January 2023
Director
Hugo Moriarty-Souto
Company Number
13125444 (England and Wales)
Registered Office
C/O LIME CORPORATE FINANCE LTD EMBASSY O
STANWELL ROAD
PENARTH
VALE OF GLAMORGAN
CF64 2AA
WALES
Hugo Souto Building and Refurbishments Limited
Statement of financial position
as at 31 January 2023
Tangible assets
8,092
10,281
Cash at bank and in hand
36
-
Creditors: amounts falling due within one year
(23,371)
(26,207)
Net current liabilities
(17,335)
(12,269)
Net liabilities
(9,243)
(1,988)
Called up share capital
864
-
Profit and loss account
(10,107)
(1,988)
Shareholders' funds
(9,243)
(1,988)
For the 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. 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 4 September 2023 and were signed on its behalf by
Hugo Moriarty-Souto
Director
Company Registration No. 13125444
Hugo Souto Building and Refurbishments Limited
Notes to the Accounts
for the year ended 31 January 2023
Hugo Souto Building and Refurbishments Limited is a private company, limited by shares, registered in England and Wales, registration number 13125444. The registered office is C/O LIME CORPORATE FINANCE LTD EMBASSY O, STANWELL ROAD, PENARTH, VALE OF GLAMORGAN, CF64 2AA, WALES.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
At 31 January 2023 the company had net liabilities of £9,243 However the company received financial support from the directors and shareholder of the company, and continues to meet liabilities as they fall due. Therefore the going concern basis is considered appropriate.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2022
-
14,000
14,000
At 31 January 2023
389
14,000
14,389
At 1 February 2022
-
3,719
3,719
Charge for the year
8
2,570
2,578
At 31 January 2023
8
6,289
6,297
At 31 January 2023
381
7,711
8,092
At 31 January 2022
-
10,281
10,281
Hugo Souto Building and Refurbishments Limited
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Accrued income and prepayments
6,000
-
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
13,568
18,744
Taxes and social security
1,906
814
Loans from directors
712
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
638
-
638
-
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).