HELIA PHOTONICS LIMITED

Company Registration Number:
SC232228 (Scotland)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

HELIA PHOTONICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

HELIA PHOTONICS LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 514,800 546,975
Tangible assets: 4 270,644 251,993
Investments:   0 0
Total fixed assets: 785,444 798,968
Current assets
Stocks: 79,838 79,336
Debtors:   342,632 370,908
Cash at bank and in hand: 139,126 102,180
Investments:   0 0
Total current assets: 561,596 552,424
Creditors: amounts falling due within one year:   (390,908) (393,232)
Net current assets (liabilities): 170,688 159,192
Total assets less current liabilities: 956,132 958,160
Creditors: amounts falling due after more than one year:   (17,400) (41,381)
Provision for liabilities: 0 0
Total net assets (liabilities): 938,732 916,779
Capital and reserves
Called up share capital: 1,287,012 1,287,012
Share premium account: 0 0
Revaluation reserve:5512,000512,000
Other reserves: 0 0
Profit and loss account: (860,280) (882,233)
Shareholders funds: 938,732 916,779

The notes form part of these financial statements

HELIA PHOTONICS LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 January 2025
and signed on behalf of the board by:

Name: NICHOLAS SOMERVILLE
Status: Director

The notes form part of these financial statements

HELIA PHOTONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

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: If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Intangible fixed assets and amortisation policy

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

HELIA PHOTONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 23 23

HELIA PHOTONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible Assets

Total
Cost £
At 01 August 2023 643,500
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2024 643,500
Amortisation
At 01 August 2023 96,525
Charge for year 32,175
On disposals 0
Other adjustments 0
At 31 July 2024 128,700
Net book value
At 31 July 2024 514,800
At 31 July 2023 546,975

HELIA PHOTONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible Assets

Total
Cost £
At 01 August 2023 1,263,957
Additions 100,506
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2024 1,364,463
Depreciation
At 01 August 2023 1,011,964
Charge for year 81,855
On disposals 0
Other adjustments 0
At 31 July 2024 1,093,819
Net book value
At 31 July 2024 270,644
At 31 July 2023 251,993

HELIA PHOTONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Revaluation reserve

2024
£
Balance at 01 August 2023 512,000
Surplus or deficit after revaluation 0
Balance at 31 July 2024 512,000

HELIA PHOTONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Related party transactions

Name of the related party: Spring Engineering Services Ltd
Relationship:
Common Control
Description of the Transaction: sale of goods and services
£
Balance at 01 August 2023 0
Balance at 31 July 2024 0
Name of the related party: Spring Engineering Services Ltd
Relationship:
Common Control
Description of the Transaction: purchase of goods and services
£
Balance at 01 August 2023 24,077
Balance at 31 July 2024 1,920
Name of the related party: Pergola International Holdings Ltd
Relationship:
PARENT COMPANY
Description of the Transaction: Loan plus accrued interest
£
Balance at 01 August 2023 153,373
Balance at 31 July 2024 157,103