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REGISTERED NUMBER: 10655239 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

HELICOM LTD

HELICOM LTD (REGISTERED NUMBER: 10655239)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HELICOM LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: T Leicester





REGISTERED OFFICE: Unit 10
Sheddingdean Business Centre
Marchants Way
Burgess Hill
East Sussex
RH15 8QY





REGISTERED NUMBER: 10655239 (England and Wales)





ACCOUNTANTS: Lees Chartered Accountants
The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP

HELICOM LTD (REGISTERED NUMBER: 10655239)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,395 30,941

CURRENT ASSETS
Debtors 5 76,958 92,004
Cash at bank 370 10,693
77,328 102,697
CREDITORS
Amounts falling due within one year 6 54,175 109,167
NET CURRENT ASSETS/(LIABILITIES) 23,153 (6,470 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,548

24,471

CREDITORS
Amounts falling due after more than one
year

7

18,192

24,368
NET ASSETS 25,356 103

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 25,355 102
25,356 103

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

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

The director acknowledges his 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.

HELICOM LTD (REGISTERED NUMBER: 10655239)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





T Leicester - Director


HELICOM LTD (REGISTERED NUMBER: 10655239)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Helicom Ltd 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 cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 year was 4 (2022 - 4 ) .

HELICOM LTD (REGISTERED NUMBER: 10655239)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 67,100
Additions 8,306
At 31 March 2023 75,406
DEPRECIATION
At 1 April 2022 36,159
Charge for year 18,852
At 31 March 2023 55,011
NET BOOK VALUE
At 31 March 2023 20,395
At 31 March 2022 30,941

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 73,195 92,003
Other debtors 3,763 1
76,958 92,004

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 14,490 -
Taxation and social security 23,438 27,256
Other creditors 16,247 81,911
54,175 109,167

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 18,192 24,368