Company Registration No. 05032406 (England and Wales)
HALECO LIMITED
Unaudited accounts
for the year ended 29 February 2024
HALECO LIMITED
Unaudited accounts
Contents
HALECO LIMITED
Company Information
for the year ended 29 February 2024
Company Number
05032406 (England and Wales)
Registered Office
455 WHALLEY NEW ROAD
BLACKBURN
BB1 9SP
HALECO LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
256,915
271,451
Cash at bank and in hand
470,874
584,818
Creditors: amounts falling due within one year
(172,518)
(247,177)
Net current assets
305,323
344,101
Total assets less current liabilities
707,238
615,552
Creditors: amounts falling due after more than one year
(29,812)
(38,488)
Provisions for liabilities
Deferred tax
(6,359)
(9,470)
Net assets
671,067
567,594
Called up share capital
100
100
Profit and loss account
670,967
567,494
Shareholders' funds
671,067
567,594
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 June 2024 and were signed on its behalf by
Irfana Umar
Director
Company Registration No. 05032406
HALECO LIMITED
Notes to the Accounts
for the year ended 29 February 2024
HALECO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05032406. The registered office is 455 WHALLEY NEW ROAD, BLACKBURN, BB1 9SP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
100,791
31,575
399,413
531,779
Additions
-
5,813
16,641
22,454
At 29 February 2024
100,791
37,388
416,054
554,233
At 1 March 2023
-
4,736
255,592
260,328
Charge for the year
-
4,898
32,092
36,990
At 29 February 2024
-
9,634
287,684
297,318
At 29 February 2024
100,791
27,754
128,370
256,915
At 28 February 2023
100,791
26,839
143,821
271,451
5
Investments
Other investments
Valuation at 1 March 2023
-
Valuation at 29 February 2024
145,000
HALECO LIMITED
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,689
20,528
Trade creditors
5,134
27,443
Taxes and social security
42,385
20,383
Other creditors
31,139
45,286
Loans from directors
72,766
111,954
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).