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Registration number: 10272753

Helix Consulting & Project Management Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Helix Consulting & Project Management Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Helix Consulting & Project Management Ltd

(Registration number: 10272753)
Balance Sheet as at 31 December 2023

Note

31 December
2023
£

31 December
2022
£

Fixed assets

 

Tangible assets

4

-

397

Current assets

 

Debtors

5

233,087

386,819

Cash at bank and in hand

 

974

2,354

 

234,061

389,173

Creditors: Amounts falling due within one year

6

(487,430)

(638,482)

Net current liabilities

 

(253,369)

(249,309)

Net liabilities

 

(253,369)

(248,912)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(253,370)

(248,913)

Shareholders' deficit

 

(253,369)

(248,912)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2024
 

.........................................
N Davies
Chief executive

 

Helix Consulting & Project Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of exemptions conferred by Financial Reporting Standard 102 - Related Party Disclosures not to disclose transactions between wholly owned members of the same group.

Going concern

The company is reliant on the financial support of it's fellow group companies to remain in operational existence. The directors of it's parent company Helix Parent Holdings Ltd have confirmed their intention to maintain financial support such that the company can settle it's liabilites as they fall due and as such the accounts have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of consultancy and project management services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Reducing Balance

 

Helix Consulting & Project Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Debtors

Trade debtors are amounts due from customers for consultancy and project management services performed in the ordinary course of business.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

1,533

1,533

Disposals

(1,533)

(1,533)

At 31 December 2023

-

-

Depreciation

At 1 January 2023

1,136

1,136

Eliminated on disposal

(1,136)

(1,136)

At 31 December 2023

-

-

Carrying amount

At 31 December 2023

-

-

At 31 December 2022

397

397

 

Helix Consulting & Project Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Debtors

Current

Note

31 December
2023
£

31 December
2022
£

Amounts owed by related parties

233,087

378,508

Other debtors

 

-

8,311

   

233,087

386,819

6

Creditors

Creditors: amounts falling due within one year

Note

31 December
2023
£

31 December
2022
£

Due within one year

 

Trade creditors

 

-

2,563

Amounts owed to related parties

485,011

-

Taxation and social security

 

619

917

Other creditors

 

1,800

635,002

 

487,430

638,482

7

Parent and ultimate parent undertaking

The company's immediate parent is Helix Parent Holdings Limited, incorporated in England and Wales.