0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-27 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06687925 2022-12-27 2023-12-24 06687925 2023-12-24 06687925 2022-12-26 06687925 2021-12-29 2022-12-26 06687925 2022-12-26 06687925 2021-12-28 06687925 core:FurnitureFittings 2022-12-27 2023-12-24 06687925 bus:Director2 2022-12-27 2023-12-24 06687925 core:FurnitureFittings 2022-12-26 06687925 core:FurnitureFittings 2023-12-24 06687925 core:WithinOneYear 2023-12-24 06687925 core:WithinOneYear 2022-12-26 06687925 core:ShareCapital 2023-12-24 06687925 core:ShareCapital 2022-12-26 06687925 core:RetainedEarningsAccumulatedLosses 2023-12-24 06687925 core:RetainedEarningsAccumulatedLosses 2022-12-26 06687925 core:FurnitureFittings 2022-12-26 06687925 bus:SmallEntities 2022-12-27 2023-12-24 06687925 bus:AuditExemptWithAccountantsReport 2022-12-27 2023-12-24 06687925 bus:SmallCompaniesRegimeForAccounts 2022-12-27 2023-12-24 06687925 bus:PrivateLimitedCompanyLtd 2022-12-27 2023-12-24 06687925 bus:FullAccounts 2022-12-27 2023-12-24 06687925 core:ComputerEquipment 2022-12-27 2023-12-24 06687925 core:ComputerEquipment 2023-12-24 06687925 core:ComputerEquipment 2022-12-26
COMPANY REGISTRATION NUMBER: 06687925
HOLYWELL TECHNICAL SOLUTIONS LTD.
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
24 December 2023
HOLYWELL TECHNICAL SOLUTIONS LTD.
STATEMENT OF FINANCIAL POSITION
24 December 2023
24 Dec 23
26 Dec 22
Note
£
£
£
FIXED ASSETS
Tangible assets
4
6,831
8,037
CURRENT ASSETS
Debtors
5
1,812,903
1,812,903
Cash at bank and in hand
1,921
1,921
------------
------------
1,814,824
1,814,824
CREDITORS: amounts falling due within one year
6
( 6,495,041)
( 6,835,152)
------------
------------
NET CURRENT LIABILITIES
( 4,680,217)
( 5,020,328)
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 4,673,386)
( 5,012,291)
------------
------------
NET LIABILITIES
( 4,673,386)
( 5,012,291)
------------
------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 4,673,486)
( 5,012,391)
------------
------------
SHAREHOLDERS DEFICIT
( 4,673,386)
( 5,012,291)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 24 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HOLYWELL TECHNICAL SOLUTIONS LTD.
STATEMENT OF FINANCIAL POSITION (continued)
24 December 2023
These financial statements were approved by the board of directors and authorised for issue on 10 June 2024 , and are signed on behalf of the board by:
D J Fox
Director
Company registration number: 06687925
HOLYWELL TECHNICAL SOLUTIONS LTD.
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 27 DECEMBER 2022 TO 24 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Holywell Row, London, EC2A 4JB.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed the ongoing financial support of the major creditor of the company. The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
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:
Fixtures and Fittings
-
15% reducing balance
Office Equipment
-
15% reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 27 December 2022 and 24 December 2023
53,458
6,227
59,685
--------
-------
--------
Depreciation
At 27 December 2022
46,777
4,871
51,648
Charge for the period
1,002
204
1,206
--------
-------
--------
At 24 December 2023
47,779
5,075
52,854
--------
-------
--------
Carrying amount
At 24 December 2023
5,679
1,152
6,831
--------
-------
--------
At 26 December 2022
6,681
1,356
8,037
--------
-------
--------
5. DEBTORS
24 Dec 23
26 Dec 22
£
£
Other debtors
1,812,903
1,812,903
------------
------------
6. CREDITORS: amounts falling due within one year
24 Dec 23
26 Dec 22
£
£
Trade creditors
6,485,237
6,826,848
Other creditors
9,804
8,304
------------
------------
6,495,041
6,835,152
------------
------------