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Registered number: 12134655
Hexeris It Management Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2023
Sachdevs
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12134655
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,810 3,294
5,810 3,294
CURRENT ASSETS
Debtors - 5,157
Cash at bank and in hand 39,349 18,937
39,349 24,094
Creditors: Amounts Falling Due Within One Year (37,120 ) (27,003 )
NET CURRENT ASSETS (LIABILITIES) 2,229 (2,909 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,039 385
NET ASSETS 8,039 385
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 7,939 285
SHAREHOLDERS' FUNDS 8,039 385
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For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Krzysztof Tomaszko
Director
08/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Hexeris It Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12134655 . The registered office is 4 Station Avenue, Tile Hill, Coventry, CV4 9HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: 1)
- 1
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4. Tangible Assets
Total
£
Cost
As at 1 September 2022 5,281
Additions 3,969
As at 31 August 2023 9,250
Depreciation
As at 1 September 2022 1,987
Provided during the period 1,453
As at 31 August 2023 3,440
Net Book Value
As at 31 August 2023 5,810
As at 1 September 2022 3,294
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2022 Amounts advanced Amounts repaid Amounts written off As at 31 August 2023
£ £ £ £ £
Mr Krzysztof Tomaszko 10,723 - - - -
The above loan is unsecured, interest free and repayable on demand.
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