2 01/04/2024 31/03/2025 2025-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11247385 2024-04-01 2025-03-31 11247385 2025-03-31 11247385 2024-03-31 11247385 2023-04-01 2024-03-31 11247385 2024-03-31 11247385 2023-03-31 11247385 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 11247385 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11247385 bus:Director1 2024-04-01 2025-03-31 11247385 core:WithinOneYear 2025-03-31 11247385 core:WithinOneYear 2024-03-31 11247385 core:FurnitureFittingsToolsEquipment 2024-03-31 11247385 core:FurnitureFittingsToolsEquipment 2025-03-31 11247385 core:ShareCapital 2025-03-31 11247385 core:ShareCapital 2024-03-31 11247385 core:RetainedEarningsAccumulatedLosses 2025-03-31 11247385 core:RetainedEarningsAccumulatedLosses 2024-03-31 11247385 bus:OrdinaryShareClass1 core:ShareCapital 2025-03-31 11247385 bus:OrdinaryShareClass1 core:ShareCapital 2024-03-31 11247385 core:FurnitureFittingsToolsEquipment 2024-03-31 11247385 bus:SmallEntities 2024-04-01 2025-03-31 11247385 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11247385 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11247385 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11247385 bus:FullAccounts 2024-04-01 2025-03-31
Company registration number: 11247385
H2 Projects Limited
Unaudited filleted financial statements
31 March 2025
H2 Projects Limited
Contents
Balance sheet
Notes to the financial statements
H2 Projects Limited
Balance sheet
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 271 338
_______ _______
271 338
Current assets
Debtors 6 90,097 101,127
Cash at bank and in hand 272,472 110,951
_______ _______
362,569 212,078
Creditors: amounts falling due
within one year 7 ( 299,434) ( 191,756)
_______ _______
Net current assets 63,135 20,322
_______ _______
Total assets less current liabilities 63,406 20,660
_______ _______
Net assets 63,406 20,660
_______ _______
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 63,306 20,560
_______ _______
Shareholders funds 63,406 20,660
_______ _______
For the year ending 31 March 2025 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 year 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.
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 Profit and Loss Account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 July 2025 , and are signed on behalf of the board by:
................................................ ................................................
Mr Hitesh Patel Mr Hursh Bhoja
Director Director
Company registration number: 11247385
H2 Projects Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in the United Kingdom. The address of the registered office is Clifton House, Four Elms Road, Cardiff, CF24 1LE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference. However, no provision has been made as at 31 March 2025, as, in the opinion of the directors, the amount involved is immaterial, and the small provision brought forward as of 31 March 2024 has been written off in these financial statements.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. All of the financial instruments utilised by the company are basic, as defined in the Accounting Standard, and as such are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2024 and 31 March 2025 696 696
_______ _______
Depreciation
At 1 April 2024 358 358
Charge for the year 67 67
_______ _______
At 31 March 2025 425 425
_______ _______
Carrying amount
At 31 March 2025 271 271
_______ _______
At 31 March 2024 338 338
_______ _______
6. Debtors
2025 2024
£ £
Trade debtors 72,702 84,862
Other debtors 17,395 16,265
_______ _______
90,097 101,127
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 42,978 65,025
Accruals and deferred income 2,400 2,400
Social security and other taxes 76,111 30,171
Director loan accounts 177,945 94,160
_______ _______
299,434 191,756
_______ _______
8. Called up share capital
Issued, called up and fully paid
2025 2024
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______