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REGISTERED NUMBER: 01882084 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Heli Technique International Limited

Heli Technique International Limited (Registered number: 01882084)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Heli Technique International Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: G Cox
A Cox





SECRETARY: G Cox





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
West Midlands
CV3 1JN





REGISTERED NUMBER: 01882084 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Heli Technique International Limited (Registered number: 01882084)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 451 697
Investments 5 - 117,210
451 117,907

CURRENT ASSETS
Stocks 750 750
Debtors 6 6,327 4,882
Cash at bank 113,834 18,695
120,911 24,327
CREDITORS
Amounts falling due within one year 7 15,270 18,744
NET CURRENT ASSETS 105,641 5,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,092

123,490

PROVISIONS FOR LIABILITIES 94 -
NET ASSETS 105,998 123,490

CAPITAL AND RESERVES
Called up share capital 78 78
Revaluation reserve 8 - 17,210
Capital redemption reserve 22 22
Retained earnings 105,898 106,180
SHAREHOLDERS' FUNDS 105,998 123,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Heli Technique International Limited (Registered number: 01882084)

Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:




G Cox - Director



A Cox - Director


Heli Technique International Limited (Registered number: 01882084)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Heli Technique International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced brokerage income and sales of goods and services, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Deferred taxation
Deferred taxation arises as a result of including items of income and expenditure in taxtion computations in periods different from those in which they are included in the companies accounts. Deferred taxation is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Heli Technique International Limited (Registered number: 01882084)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 15,317 13,957 29,274
Additions - 79 79
At 30 June 2024 15,317 14,036 29,353
DEPRECIATION
At 1 July 2023 15,298 13,279 28,577
Charge for year 5 320 325
At 30 June 2024 15,303 13,599 28,902
NET BOOK VALUE
At 30 June 2024 14 437 451
At 30 June 2023 19 678 697

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 117,210
Disposals (117,210 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 117,210

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2020 (12,519 )
Valuation in 2021 17,465
Valuation in 2022 10,368
Valuation in 2023 1,896
Valuation in 2024 (17,210 )

Heli Technique International Limited (Registered number: 01882084)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 993
Other debtors 6,327 3,889
6,327 4,882

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 159 3,838
Other creditors 15,111 14,906
15,270 18,744

8. RESERVES
Revaluation
reserve
£   
At 1 July 2023 17,210
Non Distributable Reserves (17,210 )

At 30 June 2024 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount of £5,080 (2023: £5,103) owed to Mr G Cox, a director. This amount is interest free and has no set terms of repayment.

An amount of £5,788 (2023: £5,787) is owed to Mr A Cox, also a director by the company. This amount is interest free and has no set terms of repayment.

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by Mr G Cox and Mr A Cox by virtue of them holding a majority of the issued ordinary share capital of the company.