H_C_TRAFFIC_LTD - Accounts

M CAMBRIDGE LTD - Company Information

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Company Registration No. 08276945 (England and Wales)

H C TRAFFIC LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

H C TRAFFIC LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

H C TRAFFIC LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

2,624

1,882

Current assets

Debtors

64,548

246,905

Cash at bank and in hand

403,700

11,017

468,248

257,922

Creditors: amounts falling due within one year

(108,553)

(111,498)

Net current assets

359,695

146,424

Total assets less current liabilities

362,319

148,306

Provisions for liabilities

(183)

362,136

148,306

Capital and reserves

Called up share capital

100

Profit and loss account

362,036

148,206

Shareholders' funds

362,136

148,306

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 May 2015

J Bachini

Director

Company Registration No. 08276945

H C TRAFFIC LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% of cost

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 January 2014

2,581

Additions

1,850

At 31 December 2014

4,431

Depreciation

At 1 January 2014

699

Charge for the year

1,108

At 31 December 2014

1,807

Net book value

At 31 December 2014

2,624

At 31 December 2013

1,882

H C TRAFFIC LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Directors loan account

1,924

30,000

45,187

(13,263)

1,924

30,000

45,187

(13,263)