Halo SQE Ltd - Period Ending 2014-10-31

Registration number: 08749959

Halo SQE Ltd

Unaudited Abbreviated Accounts

for the Period from 28 October 2013 to 31 October 2014

 

Coles Accountants Ltd
Chartered Management Accountants
Redewynde Cottage,
15 Woodmarsh,
North Bradley
Trowbridge
Wiltshire
BA14 0SA

Halo SQE Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Management Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Halo SQE Ltd
for the Period Ended 31 October 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Halo SQE Ltd for the period ended 31 October 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://cimglobal.com/handbook.

This report is made solely to the Board of Directors of Halo SQE Ltd , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Halo SQE Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Halo SQE Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Halo SQE Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Halo SQE Ltd. You consider that Halo SQE Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Halo SQE Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Coles Accountants Ltd
Chartered Management Accountants
Redewynde Cottage,
15 Woodmarsh,
North Bradley
Trowbridge
Wiltshire
BA14 0SA

19 March 2015

Page 1

Halo SQE Ltd
(Registration number: 08749959)
Abbreviated Balance Sheet at 31 October 2014

		Note			31 October 2014 £
Fixed assets
Tangible fixed assets					1,544
Current assets
Debtors					67
Cash at bank and in hand					8,544
					8,611
Creditors: Amounts falling due within one year					(4,226)
Net current assets					4,385
Net assets					5,929
Capital and reserves
Called up share capital		3			1
Profit and loss account					5,928
Shareholders' funds					5,929

For the year ending 31 October 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 19 March 2015

.........................................
Mr Kevin Byrne
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Halo SQE Ltd
Notes to the Abbreviated Accounts for the Period from 28 October 2013 to 31 October 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	Straight line 25%
Office equipment	Straight line between 25% and 33.33%

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		2,023			2,023
At 31 October 2014		2,023			2,023
Depreciation
Charge for the period		479			479
At 31 October 2014		479			479
Net book value
At 31 October 2014		1,544			1,544

Page 3

Halo SQE Ltd
Notes to the Abbreviated Accounts for the Period from 28 October 2013 to 31 October 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 October 2014
		No.			£
Ordinary shares of £1 each		1			1

New shares allotted

During the period 1 Ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1. Company formation.

Page 4