Company Registration No. 08738640 (England and Wales)
H2F WORLDWIDE LTD
Unaudited accounts
for the year ended 31 October 2023
H2F WORLDWIDE LTD
Unaudited accounts
Contents
H2F WORLDWIDE LTD
Company Information
for the year ended 31 October 2023
Company Number
08738640 (England and Wales)
Registered Office
40A Olive Road
London
W5 4JH
Accountants
Heartwood Accountants Limited
103 High Street
Waltham Cross
Herts
EN87AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of H2F WORLDWIDE LTD for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
H2F WORLDWIDE LTD for the year ended
31 October 2023 as set out on pages
5 -
7 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 icaew.com/membershandbook.
This report is made solely to the Board of Directors of H2F WORLDWIDE LTD, as a body, in accordance with the terms of our engagement letter dated 2 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of H2F WORLDWIDE LTD and state those matters that we have agreed to state to the Board of Directors of H2F WORLDWIDE LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H2F WORLDWIDE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that H2F WORLDWIDE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of H2F WORLDWIDE LTD. You consider that H2F WORLDWIDE LTD 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 accounts of H2F WORLDWIDE LTD. 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 accounts.
Heartwood Accountants Limited
Chartered Accountants
103 High Street
Waltham Cross
Herts
EN87AN
9 February 2024
H2F WORLDWIDE LTD
Statement of financial position
as at 31 October 2023
Intangible assets
127,007
127,007
Cash at bank and in hand
5,744
1,550
Creditors: amounts falling due within one year
(690)
-
Net current assets
5,054
1,921
Total assets less current liabilities
133,665
129,311
Creditors: amounts falling due after more than one year
(216,042)
(239,423)
Net liabilities
(82,377)
(110,112)
Called up share capital
100
100
Profit and loss account
(82,477)
(110,212)
Shareholders' funds
(82,377)
(110,112)
For the year ending 31 October 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 9 February 2024 and were signed on its behalf by
Ms T. Gor
Director
Company Registration No. 08738640
H2F WORLDWIDE LTD
Notes to the Accounts
for the year ended 31 October 2023
H2F WORLDWIDE LTD is a private company, limited by shares, registered in England and Wales, registration number 08738640. The registered office is 40A Olive Road, London, W5 4JH.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives;
Fixtures & fittings
20% Straight line
Computer equipment
20% Straight line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Other
At 1 November 2022
127,007
At 31 October 2023
127,007
At 31 October 2023
127,007
At 31 October 2022
127,007
H2F WORLDWIDE LTD
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
1,429
-
1,429
At 31 October 2023
1,429
1,781
3,210
At 1 November 2022
1,046
-
1,046
Charge for the year
285
275
560
At 31 October 2023
1,331
275
1,606
At 31 October 2023
98
1,506
1,604
At 31 October 2022
383
-
383
Amounts falling due within one year
Accrued income and prepayments
-
371
7
Creditors: amounts falling due within one year
2023
2022
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
216,042
233,073
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
The company was under the control of T. Gor throughout the current year. T. Gor is personally interested in 100% of the company's issued share capital.
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).