Company Registration No. SC705331 (Scotland)
HALA HOLDINGS LIMITED
Unaudited accounts
for the year ended 31 July 2023
HALA HOLDINGS LIMITED
Unaudited accounts
Contents
HALA HOLDINGS LIMITED
Company Information
for the year ended 31 July 2023
Company Number
SC705331 (Scotland)
Registered Office
C/O AVID ACCOUNTANTS, 21
BLYTHSWOOD SQUARE
GLASGOW
G2 4BL
SCOTLAND
Accountants
Avid Accountants Ltd
21 Blythswood Square
Glasgow
G2 4BL
HALA HOLDINGS LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
42,564
15,554
Cash at bank and in hand
409
1,260
Creditors: amounts falling due within one year
(6,174)
(600)
Net current assets
131,444
10,660
Total assets less current liabilities
174,008
26,214
Creditors: amounts falling due after more than one year
(222,174)
(84,374)
Net liabilities
(48,166)
(58,160)
Called up share capital
100
100
Profit and loss account
(48,266)
(58,260)
Shareholders' funds
(48,166)
(58,160)
For the year ending 31 July 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 his 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 5 March 2024 and were signed on its behalf by
Samir Almafalani
Director
Company Registration No. SC705331
HALA HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
HALA HOLDINGS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC705331. The registered office is C/O AVID ACCOUNTANTS, 21, BLYTHSWOOD SQUARE, GLASGOW, G2 4BL, SCOTLAND.
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.
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 29 July 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2022
-
6,478
9,481
-
15,959
Additions
14,238
15,085
7,824
606
37,753
At 31 July 2023
14,238
21,563
17,305
606
53,712
At 1 August 2022
-
135
270
-
405
Charge for the year
2,848
4,313
3,461
121
10,743
At 31 July 2023
2,848
4,448
3,731
121
11,148
At 31 July 2023
11,390
17,115
13,574
485
42,564
At 31 July 2022
-
6,343
9,211
-
15,554
HALA HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Other debtors
10,000
10,000
6
Creditors: amounts falling due within one year
2023
2022
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
222,174
84,374
8
Average number of employees
During the year the average number of employees was 2 (2022: 0).