Company Registration No. 05032406 (England and Wales)
HALECO LIMITED
Unaudited accounts
for the year ended 28 February 2023
HALECO LIMITED
Unaudited accounts
Contents
HALECO LIMITED
Company Information
for the year ended 28 February 2023
Company Number
05032406 (England and Wales)
Registered Office
455 WHALLEY NEW ROAD
BLACKBURN
BB1 9SP
HALECO LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
271,451
209,183
Cash at bank and in hand
584,818
732,952
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
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
HALECO LIMITED
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 28 February 2023
100,791
26,839
143,821
271,451
At 28 February 2022
100,791
-
108,392
209,183
Amounts falling due within one year
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
-
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).