Silverfin false 03/04/2023 01/05/2022 03/04/2023 Simon Timothy Barclay 03/04/2023 Craig John Barlow 03/04/2023 Maureen Gillian Cable 03/04/2023 23/07/2007 27 October 2023 The principal activity of the Company during the financial year was that of the supply of monitored personal alarms. 05422168 2023-04-03 05422168 bus:Director1 2023-04-03 05422168 bus:Director2 2023-04-03 05422168 bus:Director3 2023-04-03 05422168 2022-04-30 05422168 core:CurrentFinancialInstruments 2023-04-03 05422168 core:CurrentFinancialInstruments 2022-04-30 05422168 core:Non-currentFinancialInstruments 2023-04-03 05422168 core:Non-currentFinancialInstruments 2022-04-30 05422168 core:ShareCapital 2023-04-03 05422168 core:ShareCapital 2022-04-30 05422168 core:RetainedEarningsAccumulatedLosses 2023-04-03 05422168 core:RetainedEarningsAccumulatedLosses 2022-04-30 05422168 core:ComputerSoftware 2022-04-30 05422168 core:ComputerSoftware 2023-04-03 05422168 core:LeaseholdImprovements 2022-04-30 05422168 core:Vehicles 2022-04-30 05422168 core:OfficeEquipment 2022-04-30 05422168 core:OtherPropertyPlantEquipment 2022-04-30 05422168 core:LeaseholdImprovements 2023-04-03 05422168 core:Vehicles 2023-04-03 05422168 core:OfficeEquipment 2023-04-03 05422168 core:OtherPropertyPlantEquipment 2023-04-03 05422168 bus:OrdinaryShareClass1 2023-04-03 05422168 core:WithinOneYear 2023-04-03 05422168 core:WithinOneYear 2022-04-30 05422168 core:BetweenOneFiveYears 2023-04-03 05422168 core:BetweenOneFiveYears 2022-04-30 05422168 2022-05-01 2023-04-03 05422168 bus:FullAccounts 2022-05-01 2023-04-03 05422168 bus:SmallEntities 2022-05-01 2023-04-03 05422168 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-03 05422168 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-03 05422168 bus:Director1 2022-05-01 2023-04-03 05422168 bus:Director2 2022-05-01 2023-04-03 05422168 bus:Director3 2022-05-01 2023-04-03 05422168 core:ComputerSoftware core:TopRangeValue 2022-05-01 2023-04-03 05422168 core:LeaseholdImprovements core:TopRangeValue 2022-05-01 2023-04-03 05422168 core:OfficeEquipment core:BottomRangeValue 2022-05-01 2023-04-03 05422168 core:OfficeEquipment core:TopRangeValue 2022-05-01 2023-04-03 05422168 core:OtherPropertyPlantEquipment core:BottomRangeValue 2022-05-01 2023-04-03 05422168 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-05-01 2023-04-03 05422168 2021-05-01 2022-04-30 05422168 core:ComputerSoftware 2022-05-01 2023-04-03 05422168 core:LeaseholdImprovements 2022-05-01 2023-04-03 05422168 core:Vehicles 2022-05-01 2023-04-03 05422168 core:OfficeEquipment 2022-05-01 2023-04-03 05422168 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-03 05422168 core:Non-currentFinancialInstruments 2022-05-01 2023-04-03 05422168 bus:OrdinaryShareClass1 2022-05-01 2023-04-03 05422168 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05422168 (England and Wales)

HELPLINE LTD

Unaudited Financial Statements
For the financial period from 01 May 2022 to 03 April 2023
Pages for filing with the registrar

HELPLINE LTD

Unaudited Financial Statements

For the financial period from 01 May 2022 to 03 April 2023

Contents

HELPLINE LTD

STATEMENT OF FINANCIAL POSITION

As at 03 April 2023
HELPLINE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 03 April 2023
Note 03.04.2023 30.04.2022
£ £
Fixed assets
Intangible assets 3 7,710 4,932
Tangible assets 4 127,987 140,135
135,697 145,067
Current assets
Stocks 7,000 10,000
Debtors 5 157,014 112,767
Cash at bank and in hand 92,444 66,183
256,458 188,950
Creditors: amounts falling due within one year 6 ( 295,234) ( 175,372)
Net current (liabilities)/assets (38,776) 13,578
Total assets less current liabilities 96,921 158,645
Creditors: amounts falling due after more than one year 7 ( 69,850) ( 122,986)
Provision for liabilities ( 32,043) ( 35,034)
Net (liabilities)/assets ( 4,972) 625
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account ( 5,072 ) 525
Total shareholder's (deficit)/funds ( 4,972) 625

For the financial period ending 03 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Helpline Ltd (registered number: 05422168) were approved and authorised for issue by the Director on 27 October 2023. They were signed on its behalf by:

Craig John Barlow
Director
HELPLINE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2022 to 03 April 2023
HELPLINE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2022 to 03 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Helpline Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Oregon House, 19 Queensway, New Milton, BH25 5NN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

These financial statements have been prepared for a period of 11 months and 3 days in order to cover up until the date that the company was sold. As a result of this, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Vehicles not depreciated
Office equipment 3 - 4 years straight line
Other property, plant and equipment 5 - 6 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

During the accounting period ending 30 April 2022, the accounting policy for the carrying value of motor vehicles changed from being carried at net book value, to being carried at market value (on the revaluation basis). The market value of motor vehicles will be determined by the directors annually.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Period from
01.05.2022 to
03.04.2023
Year ended
30.04.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 15 15

3. Intangible assets

Computer software Total
£ £
Cost
At 01 May 2022 54,376 54,376
Additions 9,923 9,923
At 03 April 2023 64,299 64,299
Accumulated amortisation
At 01 May 2022 49,444 49,444
Charge for the financial period 7,145 7,145
At 03 April 2023 56,589 56,589
Net book value
At 03 April 2023 7,710 7,710
At 30 April 2022 4,932 4,932

4. Tangible assets

Leasehold improve-
ments
Vehicles Office equipment Other property, plant
and equipment
Total
£ £ £ £ £
Cost
At 01 May 2022 9,088 35,000 100,252 436,650 580,990
Additions 0 0 1,432 40,742 42,174
Disposals 0 ( 14,000) 0 0 ( 14,000)
At 03 April 2023 9,088 21,000 101,684 477,392 609,164
Accumulated depreciation
At 01 May 2022 9,088 0 87,509 344,258 440,855
Charge for the financial period 0 0 5,369 34,953 40,322
At 03 April 2023 9,088 0 92,878 379,211 481,177
Net book value
At 03 April 2023 0 21,000 8,806 98,181 127,987
At 30 April 2022 0 35,000 12,743 92,392 140,135

5. Debtors

03.04.2023 30.04.2022
£ £
Trade debtors 26,507 9,075
Prepayments 17,611 4,995
VAT recoverable 15,978 8,872
Other debtors 96,918 89,825
157,014 112,767

6. Creditors: amounts falling due within one year

03.04.2023 30.04.2022
£ £
Bank loans and overdrafts 25,400 36,492
Trade creditors 129,500 35,138
Accruals and deferred income 97,565 57,924
Taxation and social security 15,470 20,230
Obligations under finance leases and hire purchase contracts 0 2,133
Other creditors 27,299 23,455
295,234 175,372

7. Creditors: amounts falling due after more than one year

03.04.2023 30.04.2022
£ £
Bank loans 69,850 122,986

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

03.04.2023 30.04.2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

03.04.2023 30.04.2022
£ £
- within one year 8,716 21,387
- between one and five years 0 7,598
8,716 28,985

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

03.04.2023 30.04.2022
£ £
Unpaid contributions due to the fund (inc. in other creditors) 864 0