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Company Registration No. 05032406 (England and Wales)
HALECO LIMITED Unaudited accounts for the year ended 28 February 2025
HALECO LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
HALECO LIMITED Company Information for the year ended 28 February 2025
Director
Irfana Umar
Company Number
05032406 (England and Wales)
- 3 -
HALECO LIMITED Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
310,523
256,915
Investments
5
185,000
145,000
495,523
401,915
Current assets
Inventories
3,711
3,618
Debtors
6
447,768
3,349
Cash at bank and in hand
79,148
470,874
530,627
477,841
Creditors: amounts falling due within one year
7
(212,246)
(172,518)
Net current assets
318,381
305,323
Total assets less current liabilities
813,904
707,238
Creditors: amounts falling due after more than one year
8
(19,688)
(29,812)
Provisions for liabilities
Deferred tax
(1)
(6,359)
Net assets
794,215
671,067
Capital and reserves
Called up share capital
100
100
Profit and loss account
794,115
670,967
Shareholders' funds
794,215
671,067
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 June 2025 and were signed on its behalf by
Irfana Umar Director Company Registration No. 05032406
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HALECO LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
HALECO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05032406.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
100,791
37,388
416,054
554,233
Additions
-
63,690
25,200
88,890
At 28 February 2025
100,791
101,078
441,254
643,123
Depreciation
At 1 March 2024
-
9,634
287,684
297,318
Charge for the year
-
4,568
30,714
35,282
At 28 February 2025
-
14,202
318,398
332,600
Net book value
At 28 February 2025
100,791
86,876
122,856
310,523
At 29 February 2024
100,791
27,754
128,370
256,915
5
Investments
Other investments
£
Valuation at 1 March 2024
145,000
Additions
40,000
Valuation at 28 February 2025
185,000
- 5 -
HALECO LIMITED Notes to the Accounts for the year ended 28 February 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
2,768
3,349
Amounts due from group undertakings etc.
445,000
-
447,768
3,349
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,779
2,689
VAT
10,107
18,405
Trade creditors
5,015
5,134
Taxes and social security
24,878
42,385
Other creditors
28,500
31,139
Loans from directors
77,977
72,766
Accruals
60,990
-
212,246
172,518
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
19,688
29,812
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -