Company Registration No. 06374252 (England and Wales)
Hi-Biz Limited
Unaudited abbreviated financial statements
for the year ended 30 september 2016
HI-BIZ LIMITED
Hi-Biz Limited
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HI-BIZ LIMITED
Hi-Biz Limited
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,564
2,271
Current assets
Debtors
4,964
7,670
Cash at bank and in hand
6,666
753
11,630
8,423
Creditors: amounts falling due within one year
(12,910)
(14,122)
Net current liabilities
(1,280)
(5,699)
Total assets less current liabilities
1,284
(3,428)
Provisions for liabilities
(513)
-
771
(3,428)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
769
(3,430)
Shareholder's funds
771
(3,428)
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 June 2017
Mrs G Davis
Director
Company Registration No. 06374252
HI-BIZ LIMITED
Hi-Biz Limited
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
3,539
Additions
1,251
At 30 September 2016
4,790
Depreciation
At 1 October 2015
1,268
Charge for the year
958
At 30 September 2016
2,226
Net book value
At 30 September 2016
2,564
At 30 September 2015
2,271
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
4
Related party relationships and transactions
HI-BIZ LIMITED
Hi-Biz Limited
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
4
Related party relationships and transactions
(Continued)
- 3 -
At the year end a loan from the director to the company was outstanding. The Directors Loan account remained in credit all year. At the balance sheet date the amount due to Mrs G Davis was £8,199 (2015-£11,088)