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REGISTERED NUMBER: 08432401 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2021 to 31 March 2023

for

Handy Heroes Limited

Handy Heroes Limited (Registered number: 08432401)






Contents of the Financial Statements
for the Period 1 October 2021 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Handy Heroes Limited

Company Information
for the Period 1 October 2021 to 31 March 2023







DIRECTORS: M Hammond
R Hughes
D R Sukhija
Ms A Chernyshova
C F Chow





REGISTERED OFFICE: Office 18
Wingate Business Exchange
64-66 Wingate Square
London
SW4 0AF





REGISTERED NUMBER: 08432401 (England and Wales)





ACCOUNTANTS: Atkins & Co Chartered Accountants
7 Morston Court
Aisecombe Way
Weston Super Mare
Somerset
BS22 8NG

Handy Heroes Limited (Registered number: 08432401)

Balance Sheet
31 March 2023

31.3.23 30.9.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,985 24,306
Investments 5 1 1
21,986 24,307

CURRENT ASSETS
Work in progress - 75,000
Debtors 6 1,237,398 734,572
Cash at bank 51,082 17,279
1,288,480 826,851
CREDITORS
Amounts falling due within one year 7 1,233,974 688,087
NET CURRENT ASSETS 54,506 138,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,492

163,071

CREDITORS
Amounts falling due after more than one
year

8

30,990

47,502
NET ASSETS 45,502 115,569

CAPITAL AND RESERVES
Called up share capital 9,500 10,000
Share premium - 99,500
Retained earnings 36,002 6,069
SHAREHOLDERS' FUNDS 45,502 115,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Handy Heroes Limited (Registered number: 08432401)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:




R Hughes - Director M Hammond - Director




D R Sukhija - Director


Handy Heroes Limited (Registered number: 08432401)

Notes to the Financial Statements
for the Period 1 October 2021 to 31 March 2023

1. STATUTORY INFORMATION

Handy Heroes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2021 - 6 ) .

Handy Heroes Limited (Registered number: 08432401)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2021
and 31 March 2023 61,889
DEPRECIATION
At 1 October 2021 37,583
Charge for period 2,321
At 31 March 2023 39,904
NET BOOK VALUE
At 31 March 2023 21,985
At 30 September 2021 24,306

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2021
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 30 September 2021 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.9.21
£    £   
Trade debtors 417,757 73,157
Other debtors 819,641 661,415
1,237,398 734,572

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.9.21
£    £   
Bank loans and overdrafts (see note 9) 16,424 -
Trade creditors 196,357 30,107
Taxation and social security 18,976 16,224
Other creditors 1,002,217 641,756
1,233,974 688,087

Handy Heroes Limited (Registered number: 08432401)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 30.9.21
£    £   
Bank loans (see note 9) 30,990 47,502

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 30.9.21
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 16,424 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 30,990 47,502

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2023 and the year ended 30 September 2021:

31.3.23 30.9.21
£    £   
R Hughes
Balance outstanding at start of period (11,058 ) (13,900 )
Amounts advanced 87,603 40,942
Amounts repaid (77,000 ) (38,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (455 ) (11,058 )

M Hammond
Balance outstanding at start of period (15,143 ) (13,900 )
Amounts advanced 95,033 36,857
Amounts repaid (80,000 ) (38,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (110 ) (15,143 )

D R Sukhija
Balance outstanding at start of period 24,640 15,451
Amounts advanced 4,011 13,200
Amounts repaid (48,064 ) (4,011 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (19,413 ) 24,640

Handy Heroes Limited (Registered number: 08432401)

Notes to the Financial Statements - continued
for the Period 1 October 2021 to 31 March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

C F Chow
Balance outstanding at start of period (200,000 ) (200,000 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (200,000 ) (200,000 )

The overdrawn loan account for D Sukhija was cleared within 9 months of the year end.

11. ULTIMATE CONTROLLING PARTY

During the period under review, the company had been under the joint control of it's Directors, M Hammond and R Hughes, by virtue of their equal shareholdings in the company.