HTC Fleet Solutions Limited - Accounts to registrar (filleted) - small 18.2

HTC Fleet Solutions Limited - Accounts to registrar (filleted) - small 18.2

HTC FLEET SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 11164082 (England and Wales)











Unaudited Financial Statements

for the Year Ended 29 February 2020

for

HTC Fleet Solutions Limited
HTC Fleet Solutions Limited (Registered number: 11164082)






Contents of the Financial Statements
for the Year Ended 29 February 2020




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HTC Fleet Solutions Limited

Company Information
for the Year Ended 29 February 2020







DIRECTORS: C Chidlow
C Lamont
D A J Brown





REGISTERED OFFICE: The Glades
Festival Way
Stoke on Trent
Staffordshire
ST1 5SQ





REGISTERED NUMBER: 11164082 (England and Wales)





Page 1
HTC Fleet Solutions Limited (Registered number: 11164082)

Statement of Financial Position
29 February 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investments 4 972,474 972,474

CURRENT ASSETS
Cash at bank 56,082 120,158

CREDITORS
Amounts falling due within one year 5 844,785 808,792
NET CURRENT LIABILITIES (788,703 ) (688,634 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
183,771
283,840

CREDITORS
Amounts falling due after more than
one year
6
11,314
172,556
NET ASSETS 172,457 111,284

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 171,457 110,284
172,457 111,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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 notes form part of these financial statements

Page 2 continued...
HTC Fleet Solutions Limited (Registered number: 11164082)

Statement of Financial Position - continued
29 February 2020


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2020 and were signed on its behalf by:




C Chidlow - Director C Lamont - Director




D A J Brown - Director


The notes form part of these financial statements

Page 3
HTC Fleet Solutions Limited (Registered number: 11164082)

Notes to the Financial Statements
for the Year Ended 29 February 2020

1. STATUTORY INFORMATION

HTC Fleet Solutions 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
The financial statements cover the company as an individual entity, have been prepared under the historical cost convention and are presented in Pounds Sterling (£) being the functional currency.

The financial statements have been prepared on the assumption that the company is able to carry on business as a going concern, which the director considers appropriate having regard to the company's current and expected performance.

Particular consideration has been given to the impact of the Coronavirus on the company's ability to operate for the foreseeable future. In arriving at this assessment of the going concern status of the company the directors have made key judgements about the continuing level of demand for the services provided by the company.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES

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

Page 4 continued...
HTC Fleet Solutions Limited (Registered number: 11164082)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2020

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2019
and 29 February 2020 972,474
NET BOOK VALUE
At 29 February 2020 972,474
At 28 February 2019 972,474

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 61,242 51,222
Amounts owed to group undertakings 508,637 497,975
Taxation and social security 4,078 2,800
Other creditors 270,828 256,795
844,785 808,792

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Bank loans 11,314 72,556
Other creditors - 100,000
11,314 172,556

7. POST BALANCE SHEET EVENTS

In March 2020 the UK was impacted by the outbreak of the Coronavirus. In order to manage the spread of the virus the Government has imposed significant restrictions on the movement of people and the ability of businesses to continue to trade. This event occurred after the company's reporting period and so is considered to be a non-adjusting event.

The directors do not anticipate there to be any material impact on the business in the reporting period to 28 February 2021.

Page 5