Company registration number 03055863 (England and Wales)
HIS RECORDS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
HIS RECORDS LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023
Director
H Cornwell
Secretary
Dales Evans Business Management Limited
Company number
03055863
Registered office
88/90 Baker Street
London
W1U 6TQ
Accountants
Dales Evans & Co Limited
Chartered Accountants
88/90 Baker Street
London
W1U 6TQ
HIS RECORDS LIMITED
CONTENTS
FOR THE YEAR ENDED 31 MAY 2023
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
HIS RECORDS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HIS RECORDS LIMITED FOR THE YEAR ENDED 31 MAY 2023
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of His Records Limited for the year ended 31 May 2023, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of His Records Limited, as a body, in accordance with the terms of our engagement letter dated 1 February 2021. Our work has been undertaken solely to prepare for your approval the financial statements of His Records Limited and state those matters that we have agreed to state to the board of directors of His Records Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than His Records Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that His Records Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that His Records Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of His Records Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
....................................................
17 January 2024
Dales Evans & Co Limited
Date
Chartered Accountants
88/90 Baker Street
London
W1U 6TQ
HIS RECORDS LIMITED
BALANCE SHEET
- 2 -
2023
2022
£
£
£
£
Fixed assets
1,664
532
Current assets
319,596
164,217
Prepayments and accrued income
2,944
6,295
Creditors: amounts falling due within one year
(32,395)
(37,662)
Net current assets
290,145
132,850
Total assets less current liabilities
291,809
133,382
Accruals and deferred income
(141,763)
(9,034)
Net assets
150,046
124,348
Capital and reserves
150,046
124,348
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the year HIS Records Limited loaned £81,248 (2022: £57,510) to the director. Additionally, during the year the director made loan repayments of £53,113 (2022: £62,549) to HIS Records Limited. As at 31 May 2023 the director owed £38,758 (2022: £10,623) to HIS Records Limited. The loan was charged interest at 2.0% and is repayable on demand.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
His Records Limited is a private company limited by shares incorporated in England and Wales. The registered office is 88/90 Baker Street, London, W1U 6TQ.
For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
HIS RECORDS LIMITED
BALANCE SHEET (CONTINUED)
- 3 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 17 January 2024
H Cornwell
Director
Company Registration Number 03055863