Hertz Kompressoren Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06892232

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019

FOR

HERTZ KOMPRESSOREN LTD

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr G L Middleton-Duff

Mrs M Middleton-Duff

SECRETARY:

Mrs M Middleton-Duff

REGISTERED OFFICE:

Unit 12-13

Peel Mills Industrial Estate

Chamberhall Street

Bury

Greater Manchester

BL9 0LU

REGISTERED NUMBER:

06892232

ACCOUNTANTS:

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

BANKERS:

HSBC

2 Market Street

Bury

Lancashire

BL9 0AN

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 Statement of Financial Position. 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 Hertz Kompressoren Ltd for the year ended 30 April 2019 which comprise the

Income Statement, Statement of Financial Position 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 Hertz Kompressoren Ltd, as a body, in accordance with the terms of our engagement letter dated 12 January 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Hertz Kompressoren Ltd and state those matters that we have agreed to state to the Board of Directors of Hertz Kompressoren Ltd, 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 Hertz Kompressoren Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hertz Kompressoren Ltd 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 Hertz Kompressoren Ltd. You consider that Hertz Kompressoren Ltd 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 Hertz Kompressoren Ltd. 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.

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

31 January 2020

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,488

580

4,488

580

CURRENT ASSETS

Stocks

141,590

138,778

Debtors

6

354,408

333,305

Cash in hand

1,500

1,517

497,498

473,600

CREDITORS

Amounts falling due within one year

7

500,915

473,198

NET CURRENT (LIABILITIES)/ASSETS

(3,417

)

402

TOTAL ASSETS LESS CURRENT LIABILITIES

1,071

982

PROVISIONS FOR LIABILITIES

110

110

NET ASSETS

961

872

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

861

772

SHAREHOLDERS' FUNDS

961

872

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 31 January 2020 and were signed on its behalf by:

Mr G L Middleton-Duff - Director

1.	STATUTORY INFORMATION

Hertz Kompressoren Ltd is a private company, limited by shares , registered in Not specified/Other.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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 NIL (2018 - 2 ).

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 May 2018

and 30 April 2019

1,000

AMORTISATION

At 1 May 2018

and 30 April 2019

1,000

NET BOOK VALUE

At 30 April 2019

-

At 30 April 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2018

4,221

6,393

10,614

Additions

4,700

-

4,700

At 30 April 2019

8,921

6,393

15,314

DEPRECIATION

At 1 May 2018

3,641

6,393

10,034

Charge for year

792

-

792

At 30 April 2019

4,433

6,393

10,826

NET BOOK VALUE

At 30 April 2019

4,488

-

4,488

At 30 April 2018

580

-

580

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

154,525

141,735

Other debtors

199,883

191,570

354,408

333,305

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

22,244

7,339

Trade creditors

334,561

319,987

Taxation and social security

34,885

29,051

Other creditors

109,225

116,821

500,915

473,198

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 May 2018

772

Profit for the year

40,130

Dividends

(40,041

)

At 30 April 2019

861