03824916falsesales and installation of high specification and quality kitchens2023-09-012024-09-30http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-08-31http://www.companieshouse.gov.uk/cd:Director12023-09-012024-09-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-08-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-08-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-09-012024-09-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-09-012024-09-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-09-012024-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-08-31http://www.companieshouse.gov.uk/2023-09-012024-09-30http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/cd:FRS1022023-09-012024-09-30http://www.companieshouse.gov.uk/2024-09-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-09-012024-09-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-09-012024-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03824916

H2 8Resources Limited

ACCOUNTS
FOR THE 396 DAY PERIOD ENDED 30/09/2024

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

H2 8Resources Limited

ACCOUNTS
FOR THE 396 DAY PERIOD ENDED 30/09/2024
DIRECTORS
Cyprian Akojie
REGISTERED OFFICE
475-477 London Road
North Cheam
Surrey
ST3 7YD
SM3 8JW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03824916
BANKERS
Lloyds Bank plc
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

H2 8Resources Limited

ACCOUNTS
FOR THE396 DAY PERIODENDED30/09/2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

H2 8Resources Limited

BALANCE SHEET AT 30/09/2024
20242023
Notes££
FIXED ASSETS
Tangible assets328,0686,294
CURRENT ASSETS
Stock5,0005,000
Debtors535,69527,086
Cash at bank and in hand640114
41,33532,200
CREDITORS: Amounts falling due within one year653,78718,111
NET CURRENT (LIABILITIES) / ASSETS(12,452)14,089
TOTAL ASSETS LESS CURRENT LIABILITIES15,61620,383
CREDITORS: Amounts falling due after more than one year765,68468,459
NET LIABILITIES(50,068)(48,076)
CAPITAL AND RESERVES
Called up share capital850,00050,000
Profit and loss account(100,068)(98,076)
SHAREHOLDERS' FUNDS(50,068)(48,076)
For the year ending 30/09/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/04/2025 and signed on their behalf by
.............................
Cyprian Akojie
Director

H2 8Resources Limited

NOTES TO THE ACCOUNTS
FOR THE 396 DAY PERIOD ENDED 30/09/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on a going concern basis. The company director is of the opinion that the business in a going conern. He has and will continue to provide financial support to the company and the company is renting out some of its space in order to save costs until the trading position improves.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 20%
Commercial Vehiclesreducing balance 15%
Fixtures and Fittingsstraight line 33.33%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.

H2 8Resources Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andCommercialFixtures
PropertiesMachineryVehiclesand FittingsTotal
£££££
Cost
At 01/09/202388135,22717,09112,89666,095
Additions-25,000--25,000
Disposals-(27,226)--(27,226)
At 30/09/202488133,00117,09112,89663,869
Depreciation
At 01/09/202388030,42615,59912,89659,801
Disposals-(27,226)--(27,226)
For the 396 day period-2,983243-3,226
At 30/09/20248806,18315,84212,89635,801
Net Book Amounts
At 30/09/2024126,8181,249-28,068
At 31/08/202314,8011,492-6,294
4. STOCK 20242023
££
Stock comprises:
Work in progress5,0005,000
5,0005,000
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors6,14123
VAT1,3722,377
Other debtors2,000-
Prepayments2,9341,438
Deferred taxation23,24823,248
35,69527,086

H2 8Resources Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Directors current account44,0306,023
Bank Loan2,8252,825
Trade creditors6,0328,363
Accruals900900
53,78718,111
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr15,68418,459
Directors loan50,00050,000
65,68468,459
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
50,000 Ordinary shares of £1 each50,00050,000
50,00050,000