HKM Play Ltd - Accounts

HKM Play Ltd - Accounts

HKM PLAY LTD - Company Information

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Registered Number: 08685362
England and Wales

 

 

 

HKM PLAY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2018

End date: 30 September 2019

HKM Play Ltd
Contents Page
For the year ended 30 September 2019
Director Karmjeet Kaur
Registered Number 08685362
Registered Office 87 Hanby Close
Huddersfield
West Yorkshire
West Yorkshire
HD8 0FZ
Accountants Ashfords Accountants Ltd
2 Manor Court
Manor Mill Lane
Leeds
LS11 8LQ
1
The directors present their annual report and the financial statements for the year ended 30 September 2019
Principal activities
The companys principal activity during the year was the provision of services for recreation and amusement.
Director
The director who served the company throughout the year was as follows:
Karmjeet Kaur
 
Statement of director's responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Each director who held office at the date of approval of this directors' report confirms that
  • So far as the director is aware , there is no relevant audit information needed by the company’s auditor in connection with preparing their report, of which the company auditor is unaware and
  • The director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies regime

This report has been prepared taking advantage of the exemptions for small companies within Part 15 of the Companies Act 2006.

On behalf of the board.


----------------------------------
Karmjeet Kaur
Director

Date approved: 16 June 2020
2
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Intangible fixed assets 2 24,444    26,244 
Tangible fixed assets 3 8,931    11,908 
33,375    38,152 
Current assets      
Stocks 4 250    250 
Cash at bank and in hand (840)   616 
(590)   866 
Creditors: amount falling due within one year 5 (42,510)   (44,678)
Net current assets (43,100)   (43,812)
 
Total assets less current liabilities (9,725)   (5,660)
Provisions for liabilities 6 (738)   0 
Net assets (10,463)   (5,660)
 

Capital and reserves 		     
Called up share capital 7 100    100 
Profit and loss account (10,563)   (5,760)
Shareholders funds (10,463)   (5,660)
 


For the year ended 30 September 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 16 June 2020 and were signed by:


--------------------------------
Karmjeet Kaur
Director
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General Information
HKM Play Ltd is a private company, limited by shares , registered in England and Wales , registration number 08685362 , registration address 87 Hanby Close, Huddersfield, West Yorkshire, West Yorkshire, HD8 0FZ.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. 
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Equipment- 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 October 2018 36,000    36,000 
Additions -    - 
Disposals -    - 
At 30 September 2019 36,000    36,000 
Amortisation
At 01 October 2018 9,756    9,756 
Charge for year 1,800    1,800 
On disposals -    - 
At 30 September 2019 11,556    11,556 
Net book values
At 30 September 2019 24,444    24,444 
At 30 September 2018 26,244    26,244 


3.

Tangible fixed assets

Cost Computer Equipment   Total
  £   £
At 01 October 2018 24,180    24,180 
Additions -    - 
Disposals -    - 
At 30 September 2019 24,180    24,180 
Depreciation
At 01 October 2018 12,272    12,272 
Charge for year 2,977    2,977 
On disposals -    - 
At 30 September 2019 15,249    15,249 
Net book values
Closing balance as at 30 September 2019 8,931    8,931 
Opening balance as at 01 October 2018 11,908    11,908 


4.

Stocks

2019
£		   2018
£
Stocks 250    250 
250    250 

5.

Creditors: amount falling due within one year

2019
£		   2018
£
PAYE & Social Security 0    313 
Accrued Expenses 2,875    750 
Directors' Current Accounts 39,635    43,615 
42,510    44,678 

6.

Provisions for liabilities

2019
£		   2018
£
Deferred Tax 738    0 
738    0 

7.

Share Capital

Allotted
2019
£		   2018
£
100 shares of £1.00 each 100    100 
100    100 

8.

Director’s loan

Directors Loan

At 30 September 2019, the Directors Loan Account of £39,635 (2018 - £43,615) is unsecured, repayable on demand and interest free. During the year the director incurred the following transactions:

Directors Loan Account   Balance B/F
£		   Advances
£		   Credits
£		   Balance C/F
£
Directors Loan (43,615) 4,100  (120) (39,635)

9.

Control Note

The company was under the control of the director in the current year and the previous year.
4