Registered number
13090389
HELICAL FORMER LTD
Filleted Consolidated Accounts
31 December 2023
HELICAL FORMER LTD
Registered number: 13090389
Consolidated Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,734 11,695
Current assets
Stocks 17,274 5,000
Debtors 4 135,406 81,292
Cash at bank and in hand 54,505 9,447
207,185 95,739
Creditors: amounts falling due within one year 5 2,447 (5,946)
Net current assets 209,632 89,793
Total assets less current liabilities 224,366 101,488
Creditors: amounts falling due after more than one year 6 - (31,209)
Net assets 224,366 70,279
Capital and reserves
Called up share capital 100 100
Profit and loss account 224,266 70,179
Shareholder's funds 224,366 70,279
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Philippa Davis
Director
Approved by the board on 14 October 2024
HELICAL FORMER LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% RDV
Fixtures, fittings, tools and equipment 25% RDV
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 18,183 2,412 20,595
Additions 7,950 - 7,950
At 31 December 2023 26,133 2,412 28,545
Depreciation
At 1 January 2023 7,956 944 8,900
Charge for the year 4,544 367 4,911
At 31 December 2023 12,500 1,311 13,811
Net book value
At 31 December 2023 13,633 1,101 14,734
At 31 December 2022 10,227 1,468 11,695
4 Debtors 2023 2022
£ £
Trade debtors 2,650 71,142
Amounts owed by group undertakings and undertakings in which the company has a participating interest (1,235) -
Other debtors 133,991 10,150
135,406 81,292
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,946 -
Obligations under finance lease and hire purchase contracts - 10,800
Trade creditors 10,627 6,610
Taxation and social security costs 1,644 5,628
Other creditors (24,664) (17,092)
(2,447) 5,946
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 31,209
7 Group Holdings
Helical Former Ltd is a parent company of a wholly owned foreign subsiderary; Helical Former Inc, 1880 S Dairy Ashford Rd Ste 207, Houston, TX77077. The accounts are consolidated in accordance with IFRS10. The Foreign subsiduary commenced trading 31st October 2023 and made a reporting loss of £1,244 (Sterling) during the reporting period.
8 Other information
HELICAL FORMER LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Sutton Road
Seaford
East Sussex
BN25 1RU
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