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REGISTERED NUMBER: 11164882 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

HILAF LIMITED

HILAF LIMITED (REGISTERED NUMBER: 11164882)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HILAF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Dr F McCarthy





REGISTERED OFFICE: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB





REGISTERED NUMBER: 11164882 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

HILAF LIMITED (REGISTERED NUMBER: 11164882)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 73,543 99,013

CURRENT ASSETS
Debtors 6 19,162 10,566
Cash at bank 76,712 44,966
95,874 55,532
CREDITORS
Amounts falling due within one year 7 70,601 47,995
NET CURRENT ASSETS 25,273 7,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,816

106,550

CREDITORS
Amounts falling due after more than
one year

8

(36,417

)

(62,630

)

PROVISIONS FOR LIABILITIES 9 (18,386 ) (24,732 )
NET ASSETS 44,013 19,188

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 44,011 19,186
SHAREHOLDERS' FUNDS 44,013 19,188

HILAF LIMITED (REGISTERED NUMBER: 11164882)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





Dr F McCarthy - Director


HILAF LIMITED (REGISTERED NUMBER: 11164882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

HILAF 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts receivable for services provided during the year. It is stated exclusive of value added tax and sales of fixed assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Equipment - 25% on cost

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.


HILAF LIMITED (REGISTERED NUMBER: 11164882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

HILAF LIMITED (REGISTERED NUMBER: 11164882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 138,480 896 10,329 149,705
DEPRECIATION
At 1 April 2023 44,183 224 6,285 50,692
Charge for year 23,574 168 1,728 25,470
At 31 March 2024 67,757 392 8,013 76,162
NET BOOK VALUE
At 31 March 2024 70,723 504 2,316 73,543
At 31 March 2023 94,297 672 4,044 99,013

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 138,480
DEPRECIATION
At 1 April 2023 44,183
Charge for year 23,574
At 31 March 2024 67,757
NET BOOK VALUE
At 31 March 2024 70,723
At 31 March 2023 94,297

HILAF LIMITED (REGISTERED NUMBER: 11164882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,206 -
Other debtors - 3,000
Inter-company loan - 6,750
Directors' current accounts 10,907 -
Corporation tax recoverable - 816
Prepayments and accrued income 1,049 -
19,162 10,566

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 26,213 26,213
Trade creditors 2,029 -
Corporation tax 28,487 184
PAYE and social security 1,300 -
VAT 960 -
Other creditors 9,579 2,906
Directors' current accounts - 15,692
Accruals and deferred income 2,033 3,000
70,601 47,995

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 36,417 62,630

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 18,386 24,753
Tax losses carried forward - (21 )
18,386 24,732

HILAF LIMITED (REGISTERED NUMBER: 11164882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 24,732
Provided during year (6,346 )
Balance at 31 March 2024 18,386

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Dr F McCarthy
Balance outstanding at start of year (15,692 ) 278
Amounts advanced 26,599 4,937
Amounts repaid - (20,907 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,907 (15,692 )