COMPANY REGISTRATION NUMBER:
13891656
Filleted Unaudited Abridged Financial Statements |
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Abridged Financial Statements |
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Year ended 29 February 2024
Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements |
1 |
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Abridged statement of financial position |
2 |
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Notes to the abridged financial statements |
4 |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
HEH Global Limited |
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Year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of HEH Global Limited for the year ended 29 February 2024, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of HEH Global Limited. Our work has been undertaken solely to prepare for your approval the abridged financial statements of HEH Global Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HEH Global Limited and its director for our work or for this report.
It is your duty to ensure that HEH Global Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and loss of HEH Global Limited. You consider that HEH Global Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of HEH Global Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.
CAS
Chartered accountants
151 Askew Road
London
W12 9AU
24 November 2024
Abridged Statement of Financial Position |
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29 February 2024
Fixed assets
Tangible assets |
5 |
|
8,294 |
10,368 |
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Current assets
Debtors |
47,331 |
|
– |
Cash at bank and in hand |
370 |
|
16,300 |
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-------- |
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-------- |
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47,701 |
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16,300 |
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Creditors: amounts falling due within one year |
119,496 |
|
65,796 |
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--------- |
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-------- |
Net current liabilities |
|
71,795 |
49,496 |
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-------- |
-------- |
Total assets less current liabilities |
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(
63,501) |
(
39,128) |
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Creditors: amounts falling due after more than one year |
|
241 |
– |
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-------- |
-------- |
Net liabilities |
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(
63,742) |
(
39,128) |
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-------- |
-------- |
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Capital and reserves
Called up share capital |
|
1 |
1 |
Profit and loss account |
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(
63,743) |
(
39,129) |
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-------- |
-------- |
Shareholders deficit |
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(
63,742) |
(
39,128) |
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-------- |
-------- |
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
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.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Abridged Statement of Financial Position (continued) |
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29 February 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
24 November 2024
, and are signed on behalf of the board by:
Company registration number:
13891656
Notes to the Abridged Financial Statements |
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Year ended 29 February 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 151 Askew Road, London, W12 9AU, UK.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fixtures and fittings |
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20% reducing balance |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
3
).
5.
Tangible assets
|
£ |
Cost |
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At 1 March 2023 and 29 February 2024 |
12,960 |
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-------- |
Depreciation |
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At 1 March 2023 |
2,592 |
Charge for the year |
2,074 |
|
-------- |
At 29 February 2024 |
4,666 |
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-------- |
Carrying amount |
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At 29 February 2024 |
8,294 |
|
-------- |
At 28 February 2023 |
10,368 |
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-------- |
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6.
Director's advances, credits and guarantees
At the year end the company owed
Mr H El-Hadidi
£94,330 (2023: £27,599).