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Company Registration No. 05032406 (England and Wales)
HALECO LIMITED Unaudited accounts for the year ended 28 February 2023
HALECO LIMITED Unaudited accounts Contents
Page
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HALECO LIMITED Company Information for the year ended 28 February 2023
Director
Irfana Umar
Company Number
05032406 (England and Wales)
Registered Office
455 WHALLEY NEW ROAD BLACKBURN BB1 9SP
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HALECO LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
271,451 
209,183 
Current assets
Inventories
3,344 
2,126 
Debtors
3,116 
613 
Cash at bank and in hand
584,818 
732,952 
591,278 
735,691 
Creditors: amounts falling due within one year
(247,177)
(412,076)
Net current assets
344,101 
323,615 
Total assets less current liabilities
615,552 
532,798 
Creditors: amounts falling due after more than one year
(38,488)
(48,225)
Provisions for liabilities
Deferred tax
(9,470)
(35,847)
Net assets
567,594 
448,726 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
567,494 
448,626 
Shareholders' funds
567,594 
448,726 
For the year ending 28 February 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 her 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 23 October 2023 and were signed on its behalf by
Irfana Umar Director Company Registration No. 05032406
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HALECO LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
HALECO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05032406. The registered office is 455 WHALLEY NEW ROAD, BLACKBURN, BB1 9SP.
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:
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
100,791 
- 
328,029 
428,820 
Additions
- 
31,575 
71,384 
102,959 
At 28 February 2023
100,791 
31,575 
399,413 
531,779 
Depreciation
At 1 March 2022
- 
- 
219,637 
219,637 
Charge for the year
- 
4,736 
35,955 
40,691 
At 28 February 2023
- 
4,736 
255,592 
260,328 
Net book value
At 28 February 2023
100,791 
26,839 
143,821 
271,451 
At 28 February 2022
100,791 
- 
108,392 
209,183 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,116 
613 
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HALECO LIMITED Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
20,528 
- 
VAT
21,583 
16,230 
Trade creditors
27,443 
26,550 
Taxes and social security
20,383 
44,714 
Other creditors
45,286 
44,874 
Loans from directors
111,954 
254,667 
Accruals
- 
25,041 
247,177 
412,076 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,488 
48,225 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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