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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
Page
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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
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Hugo Souto Building and Refurbishments Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,092 
10,281 
Current assets
Debtors
6,000 
13,938 
Cash at bank and in hand
36 
- 
6,036 
13,938 
Creditors: amounts falling due within one year
(23,371)
(26,207)
Net current liabilities
(17,335)
(12,269)
Net liabilities
(9,243)
(1,988)
Capital and reserves
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
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Hugo Souto Building and Refurbishments Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Going concern
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 
Additions
389 
- 
389 
At 31 January 2023
389 
14,000 
14,389 
Depreciation
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 
Net book value
At 31 January 2023
381 
7,711 
8,092 
At 31 January 2022
- 
10,281 
10,281 
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Hugo Souto Building and Refurbishments Limited Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
13,300 
Accrued income and prepayments
6,000 
- 
Other debtors
- 
638 
6,000 
13,938 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,185 
6,649 
Trade creditors
13,568 
18,744 
Taxes and social security
1,906 
814 
Loans from directors
712 
- 
23,371 
26,207 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Hugo Moriarty-Souto
Directors Loan
638 
- 
638 
- 
638 
- 
638 
- 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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