HBK Consultants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08669989 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2020

for

HBK Consultants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Kelly

REGISTERED OFFICE:

1 Golden Court

Richmond

Surrey

TW9 1EU

REGISTERED NUMBER:

08669989 (England and Wales)

ACCOUNTANTS:

The Hughes Consultancy

1 Golden Court

Richmond

Surrey

TW9 1EU

FIXED ASSETS

Tangible assets

4

382

510

CURRENT ASSETS

Debtors

5

96,536

67,472

Cash at bank

-

8,173

96,536

75,645

CREDITORS

Amounts falling due within one year

6

69,542

74,624

NET CURRENT ASSETS

26,994

1,021

TOTAL ASSETS LESS CURRENT LIABILITIES

27,376

1,531

CREDITORS

Amounts falling due after more than one year

7

25,000

-

NET ASSETS

2,376

1,531

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

2,276

1,431

SHAREHOLDERS' FUNDS

2,376

1,531

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 31 August 2021 and were signed by:

B Kelly - Director

1.	STATUTORY INFORMATION

HBK Consultants 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

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.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2019

and 31 August 2020

4,194

DEPRECIATION

At 1 September 2019

3,684

Charge for year

128

At 31 August 2020

3,812

NET BOOK VALUE

At 31 August 2020

382

At 31 August 2019

510

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

6,024

18,870

Other debtors

90,512

48,602

96,536

67,472

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

16,568

-

Trade creditors

12,331

56,983

Taxation and social security

40,643

17,641

69,542

74,624

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

25,000

-

8.

RESERVES

Retained

earnings

£

At 1 September 2019

1,431

Profit for the year

117,845

Dividends

(117,000

)

At 31 August 2020

2,276