HTS Design Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05161314 (England and Wales)

HTS Design Services Limited

Financial Statements for the Year Ended 30th June 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Bell

J M Clark

A Terry

SECRETARY:

M Bell

REGISTERED OFFICE:

Suite 4 Dunston House

Livingstone Road

Hessle

East Yorkshire

HU13 0EG

REGISTERED NUMBER:

05161314 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Intangible assets

4

22,503

27,003

Tangible assets

5

4,185

4,862

26,688

31,865

CURRENT ASSETS

Stocks

2,500

2,500

Debtors

6

110,115

93,195

Cash at bank and in hand

1,575

1,522

114,190

97,217

CREDITORS

Amounts falling due within one year

7

87,862

103,857

NET CURRENT ASSETS/(LIABILITIES)

26,328

(6,640

)

TOTAL ASSETS LESS CURRENT LIABILITIES

53,016

25,225

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

53,014

25,223

SHAREHOLDERS' FUNDS

53,016

25,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 4th October 2019 and were signed on its behalf by:

M Bell - Director

1.	STATUTORY INFORMATION

HTS Design Services Limited 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.

The significant accounting policies applied in the preparation of these financial statements are set out

below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Tangible fixed assets

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

Plant and machinery etc

-

15% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss)

for the current or past reporting periods. It is measured at the amount expected to be paid or recovered

using the tax rates and laws that have been enacted or substantively enacted by the balance sheet

date.

Deferred tax represents the future tax consequences of transactions and events recognised in the

financial statements of current and previous periods. It is recognised in respect of all timing

differences, with certain exceptions. Timing differences are differences between taxable profits and

total comprehensive income as stated in the financial statements that arise from the inclusion of

income and expense in tax assessments in periods different from those in which they are recognised

in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured

using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss

account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1st July 2018

and 30th June 2019

90,000

3

90,003

AMORTISATION

At 1st July 2018

63,000

-

63,000

Charge for year

4,500

-

4,500

At 30th June 2019

67,500

-

67,500

NET BOOK VALUE

At 30th June 2019

22,500

3

22,503

At 30th June 2018

27,000

3

27,003

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2018

112,095

Additions

1,618

Disposals

(101,782

)

At 30th June 2019

11,931

DEPRECIATION

At 1st July 2018

107,233

Charge for year

1,565

Eliminated on disposal

(101,052

)

At 30th June 2019

7,746

NET BOOK VALUE

At 30th June 2019

4,185

At 30th June 2018

4,862

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

101,208

85,194

Other debtors

8,907

8,001

110,115

93,195

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

28,858

21,782

Trade creditors

8,186

13,226

Taxation and social security

29,506

24,178

Other creditors

21,312

44,671

87,862

103,857

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

2

Ordinary

£1

2

2

9.	OTHER FINANCIAL COMMITMENTS

Total commitments under non-cancellable operating leases not provided for in the accounts are

£34,013 (2018: £30,236).

10.	RELATED PARTY DISCLOSURES