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Registered number: 13941221
HAILU LTD
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 13941221
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,230 1,640
1,230 1,640
CURRENT ASSETS
Debtors 6,895 2,896
Cash at bank and in hand 5,903 10,630
12,798 13,526
Creditors: Amounts Falling Due Within One Year (2,154 ) (3,668 )
NET CURRENT ASSETS (LIABILITIES) 10,644 9,858
TOTAL ASSETS LESS CURRENT LIABILITIES 11,874 11,498
NET ASSETS 11,874 11,498
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 11,873 11,497
SHAREHOLDERS' FUNDS 11,874 11,498
Page 1
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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 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss Medhanit Tesfaye
Director
27/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
HAILU LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13941221 . The registered office is Storage King Dartford 599-613 Princes Rd, Office 27, Dartford, Kent, DA2 6HH.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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. Turnover is reduced for estimated customer returns, rebates, 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.
2.4. 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:
Motor Vehicles Straight line basis over 5 years
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Total
£
Cost
As at 1 March 2023 2,050
As at 29 February 2024 2,050
Depreciation
As at 1 March 2023 410
Provided during the period 410
As at 29 February 2024 820
Net Book Value
As at 29 February 2024 1,230
As at 1 March 2023 1,640
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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