Hello Comtec Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 13085781 (England and Wales)

Financial Statements

for the Period 16 December 2020 to 31 December 2021

for

Hello Comtec Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N Tancock

REGISTERED OFFICE:

The Grist Mill

Coldharbour

Uffculme

Cullompton

Devon

EX15 3EE

REGISTERED NUMBER:

13085781 (England and Wales)

ACCOUNTANTS:

Platinum Accountancy Services

60 Plymouth Road

Plympton

Plymouth

Devon

PL7 4NA

BANKERS:

Starling Bank

3rd Floor

2 Finsbury Avenue

London

EC2M 2PP

FIXED ASSETS

Tangible assets

4

2,198

CURRENT ASSETS

Debtors

5

1,298

Cash at bank

5,610

6,908

CREDITORS

Amounts falling due within one year

6

10,691

NET CURRENT LIABILITIES

(3,783

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,585

)

PROVISIONS FOR LIABILITIES

418

NET LIABILITIES

(2,003

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(2,004

)

SHAREHOLDERS' FUNDS

(2,003

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 2 September 2022 and were signed by:

Mr N Tancock - Director

1.	STATUTORY INFORMATION

Hello Comtec Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and 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.

Going concern

The company meets its day to day working capital requirements through a loan provided by Mr Neil Tancock, a Director of the company. He will continue to support the company in this way until such times as profits are made.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

3,014

At 31 December 2021

3,014

DEPRECIATION

Charge for period

816

At 31 December 2021

816

NET BOOK VALUE

At 31 December 2021

2,198

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,298

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

828

Tax

3,577

VAT

6,260

Directors' current accounts

26

10,691

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2021:

£

Mr N Tancock

Balance outstanding at start of period

-

Amounts advanced

31,466

Amounts repaid

(31,492

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(26

)

Loans are unsecured, interest free and repayable on demand.