H1 Interactive Limited |
Accountants' Report |
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Accountants' report to the director of |
H1 Interactive Limited |
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You consider that the company is exempt from an audit for the period ended 30 September 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period. |
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
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The Accountancy Partnership |
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Twelve Quays House |
Egerton Wharf |
Wirral |
CH41 1LD |
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6 November 2024 |
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H1 Interactive Limited |
Notes to the Accounts |
for the period from 1 January 2024 to 30 September 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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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. |
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Tangible fixed assets |
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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: |
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Plant and machinery |
20% reducing balance |
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Creditors |
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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. |
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2 |
Employees |
2022 |
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2021 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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2 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 January 2024 |
10,524 |
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Disposals |
(10,524) |
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At 30 September 2024 |
- |
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Depreciation |
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At 1 January 2024 |
9,779 |
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On disposals |
(9,779) |
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At 30 September 2024 |
- |
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Net book value |
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At 30 September 2024 |
- |
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At 31 December 2023 |
745 |
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3 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Other debtors |
- |
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183 |
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4 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Non-equity preference shares |
75 |
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- |
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Other creditors |
12,500 |
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12,219 |
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12,575 |
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12,219 |
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5 |
Controlling party |
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D Kigundu, the director, has ultimate control of the company by virtue of his 60% holding of the issued share capital. |
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6 |
Other information |
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H1 Interactive Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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63 Hicks House |
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Frean Street |
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London |
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SE16 4AS |