Help Me Stop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11289229 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2020

for

Help Me Stop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

T J D Smith

S W Bradshaw

M W Sherwood

REGISTERED OFFICE:

4 Percy Street

London

W1T 1DF

REGISTERED NUMBER:

11289229 (England and Wales)

FIXED ASSETS

Intangible assets

4

138,585

108,959

Tangible assets

5

82,852

110,522

221,437

219,481

CURRENT ASSETS

Debtors

6

62,946

42,855

Cash at bank and in hand

5,143

7,594

68,089

50,449

CREDITORS

Amounts falling due within one year

7

(275,999

)

(179,308

)

NET CURRENT LIABILITIES

(207,910

)

(128,859

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,527

90,622

CREDITORS

Amounts falling due after more than one year

8

(369,487

)

(360,000

)

NET LIABILITIES

(355,960

)

(269,378

)

CAPITAL AND RESERVES

Called up share capital

9

3

2

Share premium

917,609

355,988

Other reserves

-

161,000

Retained earnings

(1,273,572

)

(786,368

)

SHAREHOLDERS' FUNDS

(355,960

)

(269,378

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 September 2021 and were signed on its behalf by:

T J D Smith - Director

1.	STATUTORY INFORMATION

Help Me Stop 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in existence for the foreseeable future. Having reviewed the future cashflows of the company and share issues subsequent to the period end the directors believe it is appropriate for the financial statements to be prepared on a going concern basis.

Turnover

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

Intangible assets

Expenditure on development activities is capitalised if the product or process is technically and commercially feasible and the company intends and has the technical ability and sufficient resources to complete development, future economic benefits are probable and if the company can measure reliably the expenditure attributable to the intangible asset during its development.

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

Branding development 5 years

Website development 5 years

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings - 20% on cost

Computer Equipment - 25% on cost

Taxation

Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank

overdrafts are shown within borrowings in current liabilities.

Share capital

Ordinary shares are classed as equity.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2019 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2020

121,721

Additions

77,660

Disposals

(15,000

)

At 31 December 2020

184,381

AMORTISATION

At 1 January 2020

12,762

Charge for year

33,034

At 31 December 2020

45,796

NET BOOK VALUE

At 31 December 2020

138,585

At 31 December 2019

108,959

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

137,760

Additions

1,211

At 31 December 2020

138,971

DEPRECIATION

At 1 January 2020

27,238

Charge for year

28,881

At 31 December 2020

56,119

NET BOOK VALUE

At 31 December 2020

82,852

At 31 December 2019

110,522

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

910

3,900

Other debtors

62,036

38,955

62,946

42,855

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans and overdrafts

5,513

-

Trade creditors

175,790

135,418

Taxation and social security

47,950

7,042

Other creditors

46,746

36,848

275,999

179,308

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans

44,487

-

Other creditors

325,000

360,000

369,487

360,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,411

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

2,873,405

Ordinary

£0.000001

3

2

On 31 January 2020 218,859 Ordinary shares of £0.000001 each were issued at £0.7438 per share.

On 5 February 2020 130,000 Ordinary shares of £0.000001 each were issued at £1.0000 per share.

On 3 March 2020 155,000 Ordinary shares of £0.000001 each were issued at £1.0000 per share.

On 5 March 2020 30,000 Ordinary shares of £0.000001 each were issued at £1.0000 per share.

On 10 March 2020 40,000 Ordinary shares of £0.000001 each were issued at £1.0000 per share.

On 2 April 2020 40,000 Ordinary shares of £0.000001 each were issued at £1.0000 per share.

On 17 April 2020 15,000 Ordinary shares of £0.000001 each were issued at £1.0000 per share.

On 6 August 2020 31,817 Ordinary shares of £0.000001 each were issued at £1.1000 per share.

On 10 September 2020 18,182 Ordinary shares of £0.000001 each were issued at £1.1000 per share.

10.	OTHER FINANCIAL COMMITMENTS

Total operating lease commitments which are not included in the balance sheet amount to £52,000 falling due within one year, and £208,000 falling due within 5 years, and £429,000 later than five years.

11.	RELATED PARTY DISCLOSURES

12.	POST BALANCE SHEET EVENTS

On 1 April 2021 325,000 Ordinary shares of £0.000001 each were issued at £1 per share.

On 21 April 2021 70,000 Ordinary shares of £0.000001 each were issued at £1 per share.

On 13 May 2021 70,000 Ordinary shares of £0.000001 each were issued at £1 per share.

On 3 June 2021 65,000 Ordinary shares of £0.000001 each were issued at £1 per share.

On 1 July 2021 20,000 Ordinary shares of £0.000001 each were issued at £1 per share.

On 1 April 2021 100,000 Ordinary shares of £0.00001 each were issued at £1 per share, in exchange for loans to the value of £100,000.which existed at the balance sheet date.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Help Me Stop Limited for the year ended 31 December 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Help Me Stop Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Help Me Stop Limited and state those matters that we have agreed to state to the Board of Directors of Help Me Stop Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Help Me Stop Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Help Me Stop Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Help Me Stop Limited. You consider that Help Me Stop Limited 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 financial statements of Help Me Stop Limited. 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 financial statements.

27 September 2021