HOWESG Limited - Period Ending 2019-03-31
HOWESG Limited - Period Ending 2019-03-31
Registration number:
HOWESG Limited
for the Year Ended 31 March 2019
Leigh Court Business Centre
Pill Road
Abbots Leigh
Bristol
BS8 3RA
HOWESG Limited
Contents
Company Information |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
HOWESG Limited
Company Information
Director |
Mr H Pearce |
Company secretary |
Mr H Pearce |
Registered office |
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Accountants |
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Page 1 |
HOWESG Limited
Statement of Comprehensive Income for the Year Ended 31 March 2019
2019 |
2018 |
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Profit for the year |
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Total comprehensive income for the year |
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Page 2 |
HOWESG Limited
(Registration number: 08985035)
Abridged Balance Sheet as at 31 March 2019
Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Page 3 |
HOWESG Limited
(Registration number: 08985035)
Abridged Balance Sheet as at 31 March 2019
Approved and authorised by the
.........................................
Company secretary and director
Page 4 |
HOWESG Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2019
General information |
The company is a private company limited by share capital, incorporated in UK.
The principal place of business is:
27 Brook Close
Long Ashton
Bristol
North Somerset
BS41 9NG
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Page 5 |
HOWESG Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2019
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office Equipment |
25% reducing balance |
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 April 2018 |
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At 31 March 2019 |
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Depreciation |
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At 1 April 2018 |
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Charge for the year |
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At 31 March 2019 |
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Carrying amount |
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At 31 March 2019 |
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At 31 March 2018 |
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Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Page 6 |
HOWESG Limited
Notes to the Abridged Financial Statements for the Year Ended 31 March 2019
Dividends |
2019 |
2018 |
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£ |
£ |
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Interim dividend of £ |
30,000 |
32,000 |
Related party transactions |
Transactions with directors |
2019 |
At 1 April 2018 |
Advances to directors |
Other payments made to company by director |
At 31 March 2019 |
Mr H Pearce |
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Monies advanced and repaid during the year. |
(3,825) |
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(2,916) |
( |
2018 |
At 1 April 2017 |
Advances to directors |
Other payments made to company by director |
At 31 March 2018 |
Mr H Pearce |
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Monies advanced and repaid during the year. |
(3,732) |
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(3,825) |
( |
Page 7 |