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Registered number: 11763010
Haala Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11763010
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 574 717
574 717
CURRENT ASSETS
Stocks 5 1,500 1,560
Debtors 6 5,287 3,750
Cash at bank and in hand 6,241 6,799
13,028 12,109
Creditors: Amounts Falling Due Within One Year 7 (25,133 ) (22,706 )
NET CURRENT ASSETS (LIABILITIES) (12,105 ) (10,597 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,531 ) (9,880 )
NET LIABILITIES (11,531 ) (9,880 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (11,631 ) (9,980 )
SHAREHOLDERS' FUNDS (11,531) (9,880)
Page 1
Page 2
For the year ending 31 January 2024 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 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.
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.
On behalf of the board
Mrs Sana Shakir
Director
22/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Haala Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11763010 . The registered office is 39 Winterbourne Road, Thornton Heath, CR7 7QX.
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
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 1,750
As at 31 January 2024 1,750
Depreciation
As at 1 February 2023 1,033
Provided during the period 143
As at 31 January 2024 1,176
Net Book Value
As at 31 January 2024 574
As at 1 February 2023 717
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5. Stocks
2024 2023
£ £
Finished goods 1,500 1,560
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,750 3,750
Other taxes and social security 1,537 -
5,287 3,750
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 10,446 9,992
Net wages 5,502 2,509
Pension 304 327
Accruals and deferred income 649 850
Director's loan account 8,232 9,028
25,133 22,706
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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