Handleport Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08421923 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2019

for

Handleport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr J L Davies

Mrs SE Kormann

SECRETARY:

Mr J L Davies

REGISTERED OFFICE:

7 Stocks Farm Barns

Stocks Road

Tring

Hertfordshire

HP23 5RX

REGISTERED NUMBER:

08421923 (England and Wales)

ACCOUNTANTS:

Haines Watts

4 Claridge Court

Lower Kings Road

Berkhamsted

Hertfordshire

HP4 2AF

FIXED ASSETS

Tangible assets

4

758

1,010

CURRENT ASSETS

Debtors

5

41,866

26,103

Cash at bank

15,595

10,828

57,461

36,931

CREDITORS

Amounts falling due within one year

6

32,854

21,519

NET CURRENT ASSETS

24,607

15,412

TOTAL ASSETS LESS CURRENT LIABILITIES

25,365

16,422

PROVISIONS FOR LIABILITIES

144

192

NET ASSETS

25,221

16,230

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

25,219

16,228

SHAREHOLDERS' FUNDS

25,221

16,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 November 2019 and were signed on its behalf by:

Mr J L Davies - Director

1.	STATUTORY INFORMATION

Handleport 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.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2018

and 28 February 2019

4,258

464

4,722

DEPRECIATION

At 1 March 2018

3,248

464

3,712

Charge for year

252

-

252

At 28 February 2019

3,500

464

3,964

NET BOOK VALUE

At 28 February 2019

758

-

758

At 28 February 2018

1,010

-

1,010

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Other debtors

26,866

26,103

Prepayments and accrued income

15,000

-

41,866

26,103

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade creditors

-

3,616

Tax

22,559

10,774

Social security and other taxes

180

316

VAT

3,825

434

Other creditors

4,394

4,050

Directors' current accounts

67

161

Accrued expenses

1,829

2,168

32,854

21,519

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2019

and 28 February 2018:

28.2.19

28.2.18

£

£

Mr J L Davies and Mrs SE Kormann

Balance outstanding at start of year

(161

)

(896

)

Amounts advanced

113,217

88,372

Amounts repaid

(113,123

)

(87,637

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(67

)

(161

)

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Handleport Limited for the year ended 28 February 2019 which

comprise the Income Statement, Balance Sheet and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Handleport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Handleport Limited and state those matters that we have agreed to state to the Board of Directors of Handleport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Handleport Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Handleport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Handleport Limited. You consider that Handleport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Handleport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

4 Claridge Court

Lower Kings Road

Berkhamsted

Hertfordshire

HP4 2AF

Date: .............................................