H2H Accountancy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07568387 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

H2H Accountancy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H Mackinnon

REGISTERED OFFICE:

Evolution Business Centre

6 County Business Park

Northallerton

North Yorkshire

DL6 2NQ

REGISTERED NUMBER:

07568387 (England and Wales)

ACCOUNTANTS:

H2H Accountancy Limited

Evolution Bus Centre

6 County Business Park

Northallerton

North Yorkshire

DL6 2NQ

FIXED ASSETS

Tangible assets

4

3,577

4,208

CURRENT ASSETS

Stocks

3,850

6,875

Debtors

5

14,900

13,728

Cash at bank

2,826

3,394

21,576

23,997

CREDITORS

Amounts falling due within one year

6

14,393

23,788

NET CURRENT ASSETS

7,183

209

TOTAL ASSETS LESS CURRENT LIABILITIES

10,760

4,417

PROVISIONS FOR LIABILITIES

680

842

NET ASSETS

10,080

3,575

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

10,079

3,574

SHAREHOLDERS' FUNDS

10,080

3,575

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 director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director on 30 December 2019 and were signed by:

H Mackinnon - Director

1.	STATUTORY INFORMATION

H2H Accountancy 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.

These financial statements are prepared on the going concern basis.

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.

Plant and machinery etc

-

15% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all

purchase, transport, and handling costs in bringing stocks to their present

location and condition.

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.

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.

Revenue recognition

Income is recognised when an invoice is raised for the work carried out.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

11,172

DEPRECIATION

At 1 April 2018

6,964

Charge for year

631

At 31 March 2019

7,595

NET BOOK VALUE

At 31 March 2019

3,577

At 31 March 2018

4,208

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

14,124

12,993

Other debtors

776

735

14,900

13,728

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

1,817

627

Taxation and social security

10,322

14,949

Other creditors

2,254

8,212

14,393

23,788