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REGISTERED NUMBER: 10191066 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st May 2024

for

H010 LIMITED

H010 LIMITED (REGISTERED NUMBER: 10191066)






Contents of the Financial Statements
for the year ended 31st May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


H010 LIMITED

Company Information
for the year ended 31st May 2024







DIRECTORS: R W Swallow
J Bayly
C F Gale





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 10191066 (England and Wales)





ACCOUNTANTS: TC Group
Office: Croydon - TC SWP
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN

H010 LIMITED (REGISTERED NUMBER: 10191066)

Statement of Financial Position
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,407 10,233
Property, plant and equipment 5 700 978
7,107 11,211

CURRENT ASSETS
Debtors 6 3,652 36,977
Cash at bank 14,076 29,377
17,728 66,354
CREDITORS
Amounts falling due within one year 7 99,424 108,673
NET CURRENT LIABILITIES (81,696 ) (42,319 )
TOTAL ASSETS LESS CURRENT LIABILITIES (74,589 ) (31,108 )

CAPITAL AND RESERVES
Called up share capital 440 414
Share premium 667,817 547,308
Retained earnings (742,846 ) (578,830 )
(74,589 ) (31,108 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

H010 LIMITED (REGISTERED NUMBER: 10191066)

Statement of Financial Position - continued
31st May 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th February 2025 and were signed on its behalf by:





J Bayly - Director


H010 LIMITED (REGISTERED NUMBER: 10191066)

Notes to the Financial Statements
for the year ended 31st May 2024

1. STATUTORY INFORMATION

H010 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.

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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Fixtures and fittings - 25% straight line
Computer equipment - 25% straight line
Plant and machinery - 25% straight line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amounts and are recognised in the Statement of Comprehensive Income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


H010 LIMITED (REGISTERED NUMBER: 10191066)

Notes to the Financial Statements - continued
for the year ended 31st May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st June 2023
and 31st May 2024 15,303
AMORTISATION
At 1st June 2023 5,070
Charge for year 3,826
At 31st May 2024 8,896
NET BOOK VALUE
At 31st May 2024 6,407
At 31st May 2023 10,233

H010 LIMITED (REGISTERED NUMBER: 10191066)

Notes to the Financial Statements - continued
for the year ended 31st May 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st June 2023
and 31st May 2024 22,407 1,109 2,239 25,755
DEPRECIATION
At 1st June 2023 22,407 131 2,239 24,777
Charge for year - 278 - 278
At 31st May 2024 22,407 409 2,239 25,055
NET BOOK VALUE
At 31st May 2024 - 700 - 700
At 31st May 2023 - 978 - 978

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 24,284
VAT 3,552 -
Prepayments and accrued income 100 12,693
3,652 36,977

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 9,191 26,528
Social security and other taxes 2,970 964
Other creditors 85,119 80,000
Accruals and deferred income 2,144 1,181
99,424 108,673