Company Registration No. 06352235 (England and Wales)
Hijet Digital Inkjet Ltd
Unaudited accounts
for the year ended 31 August 2020
Hijet Digital Inkjet Ltd
Unaudited accounts
Contents
Hijet Digital Inkjet Ltd
Company Information
for the year ended 31 August 2020
Company Number
06352235 (England and Wales)
Registered Office
64 Boxworth End
Swavesey
Cambridge
CB24 4RA
Accountants
C J Dyke & Company
The Old Police Station
Priory Road
St Ives
Cambs
PE27 5BB
Hijet Digital Inkjet Ltd
Statement of financial position
as at 31 August 2020
Tangible assets
115,075
115,075
Investments
108,724
46,950
Cash at bank and in hand
892
13,289
Creditors: amounts falling due within one year
(12,401)
(28,091)
Net current liabilities
(11,482)
(14,802)
Net assets
212,317
147,223
Called up share capital
1
1
Profit and loss account
212,316
147,222
Shareholders' funds
212,317
147,223
For the year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 November 2020 and were signed on its behalf by
Mr S Childs
Director
Company Registration No. 06352235
Hijet Digital Inkjet Ltd
Notes to the Accounts
for the year ended 31 August 2020
Hijet Digital Inkjet Ltd is a private company, limited by shares, registered in England and Wales, registration number 06352235. The registered office is 64 Boxworth End, Swavesey, Cambridge, CB24 4RA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line over 3 years
Investments in shares are included at fair value.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2019
115,075
5,781
120,856
At 31 August 2020
115,075
5,781
120,856
At 1 September 2019
-
5,781
5,781
At 31 August 2020
-
5,781
5,781
At 31 August 2020
115,075
-
115,075
At 31 August 2019
115,075
-
115,075
Hijet Digital Inkjet Ltd
Notes to the Accounts
for the year ended 31 August 2020
5
Investments
Other investments
Valuation at 1 September 2019
46,950
Fair value adjustments
41,746
Valuation at 31 August 2020
108,724
7
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
6,696
24,182
Loans from directors
205
9
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).
