Heli Consultants Limited Filleted accounts for Companies House (small and micro)

HELI CONSULTANTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10046007

Heli Consultants Limited

Filleted Unaudited Financial Statements

31 March 2023

Heli Consultants Limited

Financial Statements

Year ended 31 March 2023

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Heli Consultants Limited

Statement of Financial Position

31 March 2023

	2023	2022
Note	£	£

Current assets

Stocks		390,000	390,000
Debtors	5	15,395	86,500
Cash at bank and in hand		564	808
		---------	---------
		405,959	477,308

Creditors: amounts falling due within one year	6	216,168	105,884
		---------	---------
Net current assets		189,791	371,424
		---------	---------
Total assets less current liabilities		189,791	371,424

Creditors: amounts falling due after more than one year	7	215,128	372,903
		---------	---------
Net liabilities		( 25,337)	( 1,479)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 25,338)	( 1,480)
	--------	-------
Shareholders deficit	( 25,337)	( 1,479)
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Heli Consultants Limited

Statement of Financial Position (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:

Mr M J Moreland
Director

Company registration number: 10046007

Heli Consultants Limited

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis which relies upon the continuing support of the director.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. 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. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).

5. Debtors

	2023	2022
	£	£
Other debtors	15,395	86,500
	--------	--------

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	1,479	288
Other creditors	214,689	105,596
	---------	---------
	216,168	105,884
	---------	---------

7. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Bank loans and overdrafts	29,775	40,703
Other creditors	185,353	332,200
	---------	---------
	215,128	372,903
	---------	---------

Bank loans and overdrafts are secured by way of fixed and floating charges over the assets and undertakings of the company.

8. Related party transactions

At the year end the company owed £84,582 (2022: £104,496) to a director. At the year end the company was owed £15,000 (2022: £15,000) by a company associated by common control. At the year end the company owed £119,957 to a company associated by common control. (2022: At the year end the company was owed £71,457 by a company associated by common control).