Hatric Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04929822 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Hatric Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R G New

Mrs S J New

REGISTERED OFFICE:

Rushmere

Kinsham

Tewkesbury

Gloucestershire

GL20 8HP

REGISTERED NUMBER:

04929822 (England and Wales)

ACCOUNTANTS:

Francis & Co

Second Floor

123 Promenade

Cheltenham

Gloucestershire

GL50 1NW

FIXED ASSETS

Intangible assets

4

5,000

6,000

Tangible assets

5

12,760

13,534

17,760

19,534

CURRENT ASSETS

Debtors

6

3,330

2,791

Cash at bank

2,122

2,621

5,452

5,412

CREDITORS

Amounts falling due within one year

7

45,860

47,451

NET CURRENT LIABILITIES

(40,408

)

(42,039

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,648

)

(22,505

)

PROVISIONS FOR LIABILITIES

-

2,252

NET LIABILITIES

(22,648

)

(24,757

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(22,650

)

(24,759

)

SHAREHOLDERS' FUNDS

(22,648

)

(24,757

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 1 May 2019 and were signed on its behalf by:

Mr R G New - Director

1.	STATUTORY INFORMATION

Hatric Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and

shareholders will continue to financially support the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

20,000

AMORTISATION

At 1 April 2018

14,000

Amortisation for year

1,000

At 31 March 2019

15,000

NET BOOK VALUE

At 31 March 2019

5,000

At 31 March 2018

6,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2018

39,243

6,051

45,294

Additions

1,719

-

1,719

At 31 March 2019

40,962

6,051

47,013

DEPRECIATION

At 1 April 2018

27,756

4,004

31,760

Charge for year

1,981

512

2,493

At 31 March 2019

29,737

4,516

34,253

NET BOOK VALUE

At 31 March 2019

11,225

1,535

12,760

At 31 March 2018

11,487

2,047

13,534

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

830

337

Other debtors

2,500

2,454

3,330

2,791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

45,860

47,451