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Company Registration No. 05032406 (England and Wales)
HALECO LIMITED Unaudited accounts for the year ended 29 February 2024
HALECO LIMITED Unaudited accounts Contents
Page
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HALECO LIMITED Company Information for the year ended 29 February 2024
Director
Irfana Umar
Company Number
05032406 (England and Wales)
Registered Office
455 WHALLEY NEW ROAD BLACKBURN BB1 9SP
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HALECO LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
256,915 
271,451 
Investments
145,000 
- 
401,915 
271,451 
Current assets
Inventories
3,618 
3,344 
Debtors
3,349 
3,116 
Cash at bank and in hand
470,874 
584,818 
477,841 
591,278 
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 
Capital and reserves
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
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HALECO LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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
- 
Additions
145,000 
Valuation at 29 February 2024
145,000 
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HALECO LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,349 
3,116 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,689 
20,528 
VAT
18,405 
21,583 
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 
172,518 
247,177 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
29,812 
38,488 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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