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Registered Number: 12465060
England and Wales

 

 

 


Abridged Accounts


for the period ended 31 August 2024

for

HELICAL ENERGY LTD

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period ended 31 August 2024.

We have prepared these finance statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.



....................................................
MBS Accountants
Conway House
Worcester Street
Gloucester
GL1 3AJ
13 August 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 429,000    1,755,000 
Tangible fixed assets 4 122,926    58,700 
Investments 5 599,495   
1,151,421    1,813,700 
Current assets      
Debtors 567,678    1,006,495 
Cash at bank and in hand 60,633    144,630 
628,311    1,151,125 
Creditors: amount falling due within one year (1,081,465)   (749,649)
Net current assets (453,154)   401,476 
 
Total assets less current liabilities 698,267    2,215,176 
Creditors: amount falling due after more than one year (10,953)   (17,984)
Accruals and deferred income (127,591)  
Provisions for liabilities (13,805)   (11,653)
Net assets 545,918    2,185,539 
 

Capital and reserves
     
Called up share capital 6 1,004    1,004 
Reserves 7 255,000    1,755,000 
Profit and loss account 289,914    429,535 
Shareholders' funds 545,918    2,185,539 
 


For the period ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 13 August 2025 and were signed on its behalf by:


-------------------------------
Christopher Wickham
Director
2
General Information
Helical Energy Ltd is a private company, limited by shares, registered in England and Wales, registration number 12465060, registration address 20-22, Wenlock Road, London, Greater London, N1 7GU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 9 (2023 : 5).
3.

Intangible fixed assets

Cost Patents - 10% Straight Line   Total
  £   £
At 01 March 2023 2,100,000    2,100,000 
Additions 10,000    10,000 
Disposals (1,500,000)   (1,500,000)
At 31 August 2024 610,000    610,000 
Amortisation
At 01 March 2023 345,000    345,000 
Charge for period 61,000    61,000 
On disposals (225,000)   (225,000)
At 31 August 2024 181,000    181,000 
Net book values
At 31 August 2024 429,000    429,000 
At 28 February 2023 1,755,000    1,755,000 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £   £
At 01 March 2023   53,954    26,980    3,468    84,402 
Additions 48,400    30,264      14,014    92,678 
Disposals        
At 31 August 2024 48,400    84,218    26,980    17,482    177,080 
Depreciation
At 01 March 2023   17,532    6,745    1,425    25,702 
Charge for period 5,237    13,337    5,059    4,819    28,452 
On disposals        
At 31 August 2024 5,237    30,869    11,804    6,244    54,154 
Net book values
Closing balance as at 31 August 2024 43,163    53,349    15,176    11,238    122,926 
Opening balance as at 01 March 2023   36,422    20,235    2,043    58,700 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 March 2023  
Additions 599,495    599,495 
Transfer to/from tangible fixed assets  
Disposals  
At 31 August 2024 599,495    599,495 

6.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,004 Class A shares of £1.00 each 1,004    1,004 
1,004    1,004 

3