Company Registration No. 7008815 (England and Wales)
Headland Technical Services Limited
Unaudited accounts
for the year ended 30 September 2019
Headland Technical Services Limited
Unaudited accounts
Contents
Headland Technical Services Limited
Company Information
for the year ended 30 September 2019
Company Number
7008815 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling & Co
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Headland Technical Services Limited
Statement of financial position
as at 30 September 2019
Tangible assets
6,838
5,005
Cash at bank and in hand
93,679
141,511
Creditors: amounts falling due within one year
(32,680)
(34,401)
Net current assets
89,199
118,410
Net assets
161,690
182,672
Called up share capital
100
100
Profit and loss account
161,590
182,572
Shareholders' funds
161,690
182,672
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 January 2020.
J Skulczuk
Director
Company Registration No. 7008815
Headland Technical Services Limited
Notes to the Accounts
for the year ended 30 September 2019
Headland Technical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 7008815. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Computer equipment
25% reducing balance basis
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Headland Technical Services Limited
Notes to the Accounts
for the year ended 30 September 2019
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2018
3,181
9,968
-
13,149
Additions
469
-
3,642
4,111
At 30 September 2019
3,650
9,968
3,642
17,260
At 1 October 2018
2,469
5,675
-
8,144
Charge for the year
295
1,073
910
2,278
At 30 September 2019
2,764
6,748
910
10,422
At 30 September 2019
886
3,220
2,732
6,838
At 30 September 2018
712
4,293
-
5,005
5
Investments
Other investments
Valuation at 1 October 2018
59,257
Fair value adjustments
(10,160)
Valuation at 30 September 2019
65,653
Trade debtors
28,200
11,300
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
8,104
9,775
Loans from directors
23,736
23,816
8
Average number of employees
During the year the average number of employees was 3 (2018: 3).
