Company Registration Number 08483587 (England and Wales)
HARD VIDEO SYSTEMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021
PAGES FOR FILING WITH REGISTRAR
HARD VIDEO SYSTEMS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2021
30 April 2021
- 1 -
2021
2020
£
£
£
£
Fixed assets
10,791
15,389
Current assets
3,463
2,682
Creditors: amounts falling due within one year
(3,952)
(10,714)
Net current liabilities
(489)
(8,032)
Total assets less current liabilities
10,302
7,357
Creditors: amounts falling due after more than one year
(13,500)
Net (liabilities)/assets
(3,198)
7,357
Capital and reserves
(3,198)
7,357
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
Included within current assets is a balance of £459 (2020: £868 due to) due from Mr R D E Martin, who is the director and shareholder of the company. This balance was fully repaid within 9 months of the balance sheet date.
2
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2021
2020
Number
Number
Employees
1
1
3
Going concern
These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the continuing support of the director
s, bankers
and creditors.
If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise.
HARD VIDEO SYSTEMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2021
30 April 2021
- 2 -
4
Coronavirus pandemic
Since 31 December 2019, the consequences of the Covid-19 outbreak have materially and adversely affected businesses worldwide. On 23 March 2020, the UK Government announced a nationwide lock down which was gradually lifted in June 2020 only to be followed by second
and third
lockdown
s
in
November 2020
and January 2021 respectively
. Due to the nature of the company’s business, the pandemic and the resulting restrictions have had
an
impact on the company’s business.
Hard Video Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lynwood House, 373-375 Station Road, Harrow, Middlesex, HA1 2AW.
For the year ended 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 15 October 2021
Mr R D E Martin
Director
Company Registration Number 08483587