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REGISTERED NUMBER: 10183962 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

HELMET CONTRACTING LIMITED

HELMET CONTRACTING LIMITED (REGISTERED NUMBER: 10183962)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HELMET CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr T Mukattash





REGISTERED OFFICE: 1 Macmillan Grove
Biggleswade
Bedfordshire
SG18 8XL





REGISTERED NUMBER: 10183962 (England and Wales)

HELMET CONTRACTING LIMITED (REGISTERED NUMBER: 10183962)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,269 354

CURRENT ASSETS
Debtors 5 58,383 39,203
Cash at bank 19,880 39,487
78,263 78,690
CREDITORS
Amounts falling due within one year 6 36,444 35,156
NET CURRENT ASSETS 41,819 43,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,088

43,888

CREDITORS
Amounts falling due after more than one
year

7

(52,588

)

-

PROVISIONS FOR LIABILITIES (15,317 ) -
NET ASSETS 35,183 43,888

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 35,182 43,887
35,183 43,888

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

HELMET CONTRACTING LIMITED (REGISTERED NUMBER: 10183962)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 April 2024 and were signed by:





Mr T Mukattash - Director


HELMET CONTRACTING LIMITED (REGISTERED NUMBER: 10183962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Helmet Contracting Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue comprises the fair value for the sale of services excluding value added taxes and represents net invoice value. The company provides project management services under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the date the work is performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Office equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

HELMET CONTRACTING LIMITED (REGISTERED NUMBER: 10183962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 - 1,162 1,162
Additions 65,405 - 65,405
At 31 October 2023 65,405 1,162 66,567
DEPRECIATION
At 1 November 2022 - 808 808
Charge for year 4,360 130 4,490
At 31 October 2023 4,360 938 5,298
NET BOOK VALUE
At 31 October 2023 61,045 224 61,269
At 31 October 2022 - 354 354

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,383 39,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 9,613 -
Taxation and social security 16,813 26,170
Other creditors 10,018 8,986
36,444 35,156

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 52,588 -

HELMET CONTRACTING LIMITED (REGISTERED NUMBER: 10183962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. RELATED PARTY DISCLOSURES

At the year end the company owed Mr T Mukattash £1,731 (2022: £1,419) on his directors loan account. The loan is interest free and repayable on demand.