A B C Hyde Limited
|
Registered number: |
09505600
|
Balance Sheet |
as at 31 March 2017
|
|
Notes |
|
|
2017 |
|
|
2016 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
15,680 |
|
|
20,000 |
Tangible assets |
3 |
|
|
15,804 |
|
|
18,900 |
|
|
|
|
31,484 |
|
|
38,900 |
|
Current assets |
Stocks |
|
|
2,650 |
|
|
3,400 |
Debtors |
4 |
|
3,338 |
|
|
2,270 |
Cash at bank and in hand |
|
|
36,343 |
|
|
22,590 |
|
|
|
42,331 |
|
|
28,260 |
|
Creditors: amounts falling due within one year |
5 |
|
(58,500) |
|
|
(56,708) |
|
Net current liabilities |
|
|
|
(16,169) |
|
|
(28,448) |
|
Total assets less current liabilities |
|
|
|
15,315 |
|
|
10,452 |
|
|
Provisions for liabilities |
|
|
|
(2,443) |
|
|
(1,905) |
|
|
Net assets |
|
|
|
12,872 |
|
|
8,547 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
5,000 |
|
|
5,000 |
Profit and loss account |
|
|
|
7,872 |
|
|
3,547 |
|
Shareholder's funds |
|
|
|
12,872 |
|
|
8,547 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
Mrs A Wood |
Director |
Approved by the board on 16 June 2017
|
|
A B C Hyde Limited
|
Notes to the Accounts |
for the year ended 31 March 2017
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover represents the value of services provided to customers and training grants received.
|
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|
|
|
Leasehold land and buildings |
over 18 months |
|
Fixtures, fittings, and equipment |
over 3 years |
|
|
Stocks |
|
Stocks of food and nursery resources are measured at the lower of cost and net realisable value.
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
|
|
|
2 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2016 |
21,607 |
|
At 31 March 2017 |
21,607 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2016 |
1,607 |
|
Provided during the year |
4,320 |
|
At 31 March 2017 |
5,927 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
15,680 |
|
At 31 March 2016 |
20,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Fixtures, fittings and equipment |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2016 |
7,500 |
|
15,900 |
|
23,400 |
|
Additions |
- |
|
8,645 |
|
8,645 |
|
Disposals |
(7,500) |
|
- |
|
(7,500) |
|
At 31 March 2017 |
- |
|
24,545 |
|
24,545 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2016 |
2,500 |
|
2,000 |
|
4,500 |
|
Charge for the year |
5,000 |
|
6,741 |
|
11,741 |
|
On disposals |
(7,500) |
|
- |
|
(7,500) |
|
At 31 March 2017 |
- |
|
8,741 |
|
8,741 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
- |
|
15,804 |
|
15,804 |
|
At 31 March 2016 |
5,000 |
|
13,900 |
|
18,900 |
|
|
4 |
Debtors |
2017 |
|
2016 |
£ |
£ |
|
|
Trade debtors |
2,000 |
|
1,500 |
|
Other debtors |
1,338 |
|
770 |
|
|
|
|
|
|
3,338 |
|
2,270 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
£ |
£ |
|
|
Corporation tax |
11,656 |
|
5,569 |
|
Other taxes and social security costs |
900 |
|
1,923 |
|
Other creditors |
45,944 |
|
49,216 |
|
|
|
|
|
|
58,500 |
|
56,708 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
A B C Hyde Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Onward House |
|
Onward Street |
|
Hyde |
|
Cheshire |
|
SK14 1HW |