Healys Corporate Services Limited - Period Ending 2021-10-31

Healys Corporate Services Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Healys Corporate Services Limited

Company Information

Directors

Mr M K Pattihis Mr D E Skinner

Company secretary

Mr D E Skinner

Registered office

Atrium Court 15-17 Jockey's Fields London WC1R 4QR

Accountants

Aventus Partners Limited Hygeia Building Ground Floor 66-68 College Road Harrow Middlesex HA1 1BE

Healys Corporate Services Limited

(Registration number: 08712129)
Balance Sheet as at 31 October 2021

	Note	2021 £	2020 £
Current assets
Cash at bank and in hand		166	227
Creditors: Amounts falling due within one year	4	(4,570)	(3,606)
Net liabilities		(4,404)	(3,379)
Capital and reserves
Called up share capital	6	2	2
Profit and loss account		(4,406)	(3,381)
Shareholders' deficit		(4,404)	(3,379)

For the financial year ending 31 October 2021 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 June 2022 and signed on its behalf by:
 

......................................... Mr M K Pattihis Director

Healys Corporate Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Atrium Court
15-17 Jockey's Fields
London
WC1R 4QR
United Kingdom

These financial statements were authorised for issue by the Board on 24 June 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the time of approving these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and are willing to provide the necessary financial support as necessary. Also, the directors do not expect there to be any major impacts due to the COVID-19 virus on the financials and accordingly these financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Healys Corporate Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021 (continued)

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average monthly number of persons employed by the company (including directors) during the year, was 2 (2020: 2).

Healys Corporate Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021 (continued)

4

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Due within one year
Bank overdraft	5	38	41
Trade creditors		966	966
Other creditors	7	2,666	1,699
Accrued expenses		900	900
		4,570	3,606

5	Loans and borrowings

	2021 £	2020 £
Current loans and borrowings
Bank overdrafts	38	41

6	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

7	Related party transactions

Summary of transactions with other related parties

As at 31 October 2021, the company owed a Limited Liability Partnership (LLP) £2,666 (2020: £1,699) for payments made on behalf of the company. The directors are also a designated members of this same LLP.