2023-01-01 04467458 2023-12-31 04467458 2023-01-01 2023-12-31 04467458 uk-bus:Director1 2023-01-01 2023-12-31 04467458 uk-bus:Director1 2023-12-31 04467458 uk-bus:Director2 2023-01-01 2023-12-31 04467458 uk-bus:Director2 2023-12-31 04467458 2022-12-31 04467458 2022-01-01 2022-12-31 04467458 uk-core:WithinOneYear 2022-12-31 04467458 uk-core:WithinOneYear 2023-12-31 04467458 uk-core:AfterOneYear 2022-12-31 04467458 uk-core:AfterOneYear 2023-12-31 04467458 uk-core:ShareCapital 2023-12-31 04467458 uk-core:ShareCapital 2022-12-31 04467458 uk-core:ToolsEquipment 2023-01-01 2023-12-31 04467458 uk-core:MotorCars 2023-01-01 2023-12-31 04467458 uk-core:FurnitureFittings 2023-01-01 2023-12-31 04467458 uk-core:FurnitureFittings 2022-12-31 04467458 uk-core:MotorCars 2022-12-31 04467458 uk-core:MotorCars 2023-12-31 04467458 uk-core:FurnitureFittings 2023-12-31 iso4217:GBP xbrli:pure 04467458 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04467458 uk-bus:FRS102 2023-01-01 2023-12-31 04467458 uk-bus:FullAccounts 2023-01-01 2023-12-31 04467458 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
HASMA UK SERVICES LIMITED
Registered Number:04467458
For the year ended 31 December 2023
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 December 2023
HASMA UK SERVICES LIMITED
Contents Page
1
Directors' Report
2
Income Statement
3
Statement of Financial Position
4 to 5
Notes to the Financial Statements
3
For the year ended 31 December 2023
HASMA UK SERVICES LIMITED
Directors' Report
The director presents his report and accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company is to provide its principals (situated in Saudi Arabia) with a complete range of liaison services in the UK, and with office facilities to its foreign associates. The Company proposes to continue these activities.
Directors
The director who served the company throughout the year was as follows:
Hatem Ali Al-Juffali
Sami Ali Al-Juffali
Hatem Ali Al-Juffali
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
06 September 2024
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4
For the year ended 31 December 2023
HASMA UK SERVICES LIMITED
Income Statement
2022
£
2023
£
Turnover
938,557
1,031,674
1,031,674
Gross profit
938,557
Administrative expenses
(918,727)
(1,012,438)
Operating profit
19,830
19,236
2
19,830
19,236
Profit before taxation
(19,830)
(19,236)
Taxation
-
Profit for the financial year
-
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5
Registered Number :
04467458
As at 31 December 2023
HASMA UK SERVICES LIMITED
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
84,539
113,943
3
84,539
113,943
Current assets
301,498
Cash and cash equivalents
176,918
176,918
301,498
Trade and other payables: amounts falling due within one
year
(115,341)
(61,357)
4
186,157
115,561
Net current assets
Total assets less current liabilities
200,100
300,100
Trade and other payables: amounts falling due after more
than one year
(300,000)
(200,000)
5
100
Net assets
100
Capital and reserves
Called up share capital
100
100
100
100
Shareholders' funds
For the year ended 31 December 2023 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Hatem Ali Al-Juffali
These financial statements were approved and authorised for issue by the Board on 06 September 2024 and were signed by:
The notes form part of these financial statements
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6
For the year ended 31 December 2023
HASMA UK SERVICES LIMITED
Notes to the Financial Statements
Statutory Information
HASMA UK SERVICES LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04467458.
Registered address:
6 Chesterfield Gardens
London
W1J 5BQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% per annum on cost
Office equipment
25% per annum on cost
Motor vehicles
25% per annum on cost
Fixtures and fittings
2. Profit on ordinary activities before tax
A mark up of 10% is applied to the operating costs of £918,727 (£1,012,438 in 2022) to arrive at the notional profit
for the period. Tax is thus computed on this profit figure £91,873 (£101,244 in 2022). The tax amounts to £19,830
(£19,236 in 2022).
Turnover comprises of the operating costs plus tax on profits, and amounts to £938,557 (£1,031,674 in 2022). The
associate foreign principals reimburse the total operating costs including the tax charge. The operating profit before
taxation, shown in the accounts, comprise of the tax charge for the year. After taxation of £19,830 (£19,236 in 2022)
there is no profit or deficit to be carried forward.
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7
For the year ended 31 December 2023
HASMA UK SERVICES LIMITED
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 January 2023
918,666
764,178
154,488
At 31 December 2023
154,488
764,178
918,666
Provision for depreciation and impairment
At 01 January 2023
804,723
764,177
40,546
Charge for year
29,404
-
29,404
At 31 December 2023
834,127
764,177
69,950
At 31 December 2023
Net book value
84,538
1
84,539
At 31 December 2022
113,942
1
113,943
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
(1)
(1)
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
34,063
85,260
Taxation and social security
26,995
26,882
Other creditors
300
3,200
61,357
115,341
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
200,000
300,000
6. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
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