HDG Financial Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08848340 (England and Wales)

HDG Financial Services Ltd

Unaudited Financial Statements for the Year Ended 31 March 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C George

REGISTERED OFFICE:

6th Floor

Chancery Place

50 Brown Street

Manchester

M2 2JT

REGISTERED NUMBER:

08848340 (England and Wales)

CURRENT ASSETS

Debtors

6

101,713

78,182

Cash at bank

1,965

3

103,678

78,185

CREDITORS

Amounts falling due within one year

7

28,383

24,681

NET CURRENT ASSETS

75,295

53,504

TOTAL ASSETS LESS CURRENT LIABILITIES

75,295

53,504

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

75,294

53,503

SHAREHOLDERS' FUNDS

75,295

53,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 October 2020 and were signed by:

C George - Director

1.	STATUTORY INFORMATION

HDG Financial Services Ltd 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

101,506

AMORTISATION

At 1 April 2019

and 31 March 2020

101,506

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

2,246

DEPRECIATION

At 1 April 2019

and 31 March 2020

2,246

NET BOOK VALUE

At 31 March 2020

-

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

101,713

78,182

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

-

4,768

Tax

27,611

19,141

Accruals and deferred income

772

772

28,383

24,681

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

1

Ordinary Shares

1

1

1

9.

RESERVES

Retained

earnings

£

At 1 April 2019

53,503

Profit for the year

101,783

Dividends

(79,992

)

At 31 March 2020

75,294

10.	ULTIMATE CONTROLLING PARTY

The controlling party is C George.

The ultimate controlling party is C George.