Registered number
08867617
HELIXEL LIMITED
Filleted Accounts
31 December 2024
HELIXEL LIMITED
Registered number: 08867617
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,325 5,932
Current assets
Debtors 4 20,773 8,794
Cash at bank and in hand 117,624 99,942
138,397 108,736
Creditors: amounts falling due within one year 5 (15,308) (16,921)
Net current assets 123,089 91,815
Net assets 142,414 97,747
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 140,414 95,747
Shareholder's funds 142,414 97,747
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Vincent Dulbecco
Director
Approved by the board on 10 July 2025
HELIXEL LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer and office equipment over 3 years
Furniture over 5 years
Vehicles 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 15,356 - 15,356
Additions 4,215 16,141 20,356
Disposals (5,384) - (5,384)
At 31 December 2024 14,187 16,141 30,328
Depreciation
At 1 January 2024 9,424 - 9,424
Charge for the year 3,735 3,228 6,963
On disposals (5,384) - (5,384)
At 31 December 2024 7,775 3,228 11,003
Net book value
At 31 December 2024 6,412 12,913 19,325
At 31 December 2023 5,932 - 5,932
4 Debtors 2024 2023
£ £
Other debtors 20,773 8,794
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 959 -
Taxation and social security costs 12,561 15,301
Other creditors 1,788 1,620
15,308 16,921
6 Other information
HELIXEL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Ingles Manor
Castle Hill Avenue
Folkestone
CT20 2RD
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