2024-01-012024-12-312024-12-31false11415763H1 FINANCE 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H1 FINANCE LTD

Registered Number
11415763
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

H1 FINANCE LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

RAMADAN, Benjamin
WILLIAMS, Hywel John

Company Secretary

WILLIAMS, Hywel John

Registered Address

Abacus House
Caxton Place
Cardiff
CF23 8HA

Registered Number

11415763 (England and Wales)
H1 FINANCE LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets31,088-
Tangible assets43461,006
1,4341,006
Current assets
Debtors30,88743,114
Cash at bank and on hand7,86012,633
38,74755,747
Creditors amounts falling due within one year5(29,033)(50,395)
Net current assets (liabilities)9,7145,352
Total assets less current liabilities11,1486,358
Net assets11,1486,358
Capital and reserves
Called up share capital100100
Profit and loss account11,0486,258
Shareholders' funds11,1486,358
The financial statements were approved and authorised for issue by the Board of Directors on 8 August 2025, and are signed on its behalf by:
WILLIAMS, Hywel John
Director
Registered Company No. 11415763
H1 FINANCE LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year43
3.Intangible assets

Other

Total

££
Cost or valuation
Additions1,3501,350
At 31 December 241,3501,350
Amortisation and impairment
Charge for year262262
At 31 December 24262262
Net book value
At 31 December 241,0881,088
At 31 December 23--
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 242,7572,757
At 31 December 242,7572,757
Depreciation and impairment
At 01 January 241,7511,751
Charge for year660660
At 31 December 242,4112,411
Net book value
At 31 December 24346346
At 31 December 231,0061,006
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,3183,715
Bank borrowings and overdrafts-117
Taxation and social security20,96429,006
Accrued liabilities and deferred income4,75117,557
Total29,03350,395
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.