H2F WORLDWIDE LTD

H2F WORLDWIDE LTD

H2F WORLDWIDE LTD - Company Information

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1 November 2019 false Taxfiler 2020.15 08738640business:PrivateLimitedCompanyLtd2019-11-012020-10-31 087386402019-10-31 087386402019-11-012020-10-31 08738640business:AuditExemptWithAccountantsReport2019-11-012020-10-31 08738640business:FullAccounts2019-11-012020-10-31 087386402020-10-31 08738640business:Director12019-11-012020-10-31 08738640business:RegisteredOffice2019-11-012020-10-31 087386402019-10-31 08738640core:WithinOneYear2020-10-31 08738640core:WithinOneYear2019-10-31 08738640core:ShareCapital2020-10-31 08738640core:ShareCapital2019-10-31 08738640core:RetainedEarningsAccumulatedLosses2020-10-31 08738640core:RetainedEarningsAccumulatedLosses2019-10-31 08738640business:SmallEntities2019-11-012020-10-31 08738640countries:EnglandWales2019-11-012020-10-31 08738640core:ComputerEquipment2019-11-012020-10-31 08738640core:IntangibleAssetsOtherThanGoodwill2019-10-31 08738640core:IntangibleAssetsOtherThanGoodwill2020-10-31 08738640core:MotorVehicles2019-10-31 08738640core:FurnitureFittings2019-10-31 08738640core:MotorVehicles2020-10-31 08738640core:FurnitureFittings2020-10-31 08738640core:MotorVehicles2019-11-012020-10-31 08738640core:FurnitureFittings2019-11-012020-10-31 08738640business:OrdinaryShareClass12019-11-012020-10-31 08738640business:OrdinaryShareClass12018-11-012019-10-31 087386402018-11-012019-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08738640 (England and Wales)
H2F WORLDWIDE LTD Unaudited accounts for the year ended 31 October 2020
H2F WORLDWIDE LTD Unaudited accounts Contents
Page
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H2F WORLDWIDE LTD Company Information for the year ended 31 October 2020
Director
Ms T. Gor
Company Number
08738640 (England and Wales)
Registered Office
40A Olive Road London W5 4JH
Accountants
SimplTax Limited 103 High Street Waltham Cross Herts EN87AN
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H2F WORLDWIDE LTD Accountants' report
Accountants' report to the director of H2F WORLDWIDE LTD on the preparation of the unaudited statutory accounts for the year ended 31 October 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of H2F WORLDWIDE LTD for the year ended 31 October 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of H2F WORLDWIDE LTD, as a body, in accordance with the terms of our engagement letter dated 2 December 2019. Our work has been undertaken solely to prepare for your approval the accounts of H2F WORLDWIDE LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H2F WORLDWIDE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that H2F WORLDWIDE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of H2F WORLDWIDE LTD. You consider that H2F WORLDWIDE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of H2F WORLDWIDE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SimplTax Limited 103 High Street Waltham Cross Herts EN87AN 30 December 2020
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H2F WORLDWIDE LTD Statement of financial position as at 31 October 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
115,818 
115,818 
Tangible assets
5
(45)
1,945 
115,773 
117,763 
Current assets
Debtors
6
- 
695 
Cash at bank and in hand
4,779 
1,221 
4,779 
1,916 
Creditors: amounts falling due within one year
7
(225,610)
(238,365)
Net current liabilities
(220,831)
(236,449)
Net liabilities
(105,058)
(118,686)
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
(105,158)
(118,786)
Shareholders' funds
(105,058)
(118,686)
For the year ending 31 October 2020 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 30 December 2020 and were signed on its behalf by
Ms T. Gor Director Company Registration No. 08738640
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H2F WORLDWIDE LTD Notes to the Accounts for the year ended 31 October 2020
1
Statutory information
H2F WORLDWIDE LTD is a private company, limited by shares, registered in England and Wales, registration number 08738640. The registered office is 40A Olive Road, London, W5 4JH.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3% straight line
Leasehold Property
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2019
115,818 
At 31 October 2020
115,818 
Amortisation
At 1 November 2019
- 
At 31 October 2020
- 
Net book value
At 31 October 2020
115,818 
At 31 October 2019
115,818 
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H2F WORLDWIDE LTD Notes to the Accounts for the year ended 31 October 2020
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2019
9,948 
5,535 
15,483 
At 31 October 2020
9,948 
5,535 
15,483 
Depreciation
At 1 November 2019
6,965 
6,573 
13,538 
Charge for the year
1,990 
- 
1,990 
At 31 October 2020
8,955 
6,573 
15,528 
Net book value
At 31 October 2020
993 
(1,038)
(45)
At 31 October 2019
2,983 
(1,038)
1,945 
6
Debtors
2020 
2019 
£ 
£ 
Other debtors
- 
695 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Other creditors
222,610 
226,365 
Loans from directors
3,000 
12,000 
225,610 
238,365 
8
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
The company was under the control of T. Gor throughout the current year. T. Gor is personally interested in 100% of the company's issued share capital.
10
Average number of employees
During the year the average number of employees was 1 (2019: 1).
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