Registered number: 03824916 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
ST3 7YD | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 |
H2 8Resources Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
41,335 | 32,200 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 14,089 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 65,684 | 68,459 | |||||||
NET LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | (100,068) | (98,076) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Plant and Machinery | straight line 20% | |||||||
Commercial Vehicles | reducing balance 15% | |||||||
Fixtures and Fittings | straight 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 | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||||
Short Leasehold | Plant and | Commercial | Fixtures | |||||||
Properties | Machinery | Vehicles | and Fittings | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/09/2023 | 881 | 35,227 | 17,091 | 12,896 | 66,095 | |||||
Additions | - | 25,000 | - | - | 25,000 | |||||
Disposals | - | (27,226) | - | - | (27,226) | |||||
At 30/09/2024 | 881 | 33,001 | 17,091 | 12,896 | 63,869 | |||||
Depreciation | ||||||||||
At 01/09/2023 | 880 | 30,426 | 15,599 | 12,896 | 59,801 | |||||
Disposals | - | (27,226) | - | - | (27,226) | |||||
For the 396 day period | - | 2,983 | 243 | - | 3,226 | |||||
At 30/09/2024 | 880 | 6,183 | 15,842 | 12,896 | 35,801 | |||||
Net Book Amounts | ||||||||||
At 30/09/2024 | 1 | 28,068 | ||||||||
At 31/08/2023 | 1 | 6,294 | ||||||||
4. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Work in progress | ||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 6,141 | 23 | ||||||
VAT | 1,372 | 2,377 | ||||||
Other debtors | 2,000 | - | ||||||
Prepayments | 2,934 | 1,438 | ||||||
Deferred taxation | 23,248 | 23,248 | ||||||
35,695 | 27,086 | |||||||
H2 8Resources Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Directors current account | 44,030 | 6,023 | ||||||
Bank Loan | 2,825 | 2,825 | ||||||
Trade creditors | 6,032 | 8,363 | ||||||
Accruals | 900 | 900 | ||||||
53,787 | 18,111 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 15,684 | 18,459 | ||||||
Directors loan | 50,000 | 50,000 | ||||||
65,684 | 68,459 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
50,000 | 50,000 | |||||||
50,000 | 50,000 | |||||||