Hire Up Solutions Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08336196 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 19 DECEMBER 2012 TO 31 MARCH 2014

FOR

HIRE UP SOLUTIONS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C R Shuttleworth

D Shuttleworth

SECRETARY:

REGISTERED OFFICE:

Batley Business & Technology Centre

Technology Drive

Batley

West Yorkshire

WF17 6ER

REGISTERED NUMBER:

08336196 (England and Wales)

ACCOUNTANTS:

Bairstow and Atkinson

Chartered Accountants

Carlton House

Bull Close Lane

Halifax

West Yorkshire

HX1 2EG

FIXED ASSETS

Intangible assets

2

55,538

Tangible assets

3

6,408

61,946

CURRENT ASSETS

Debtors

168,702

Cash at bank

35,731

204,433

CREDITORS

Amounts falling due within one year

172,878

NET CURRENT ASSETS

31,555

TOTAL ASSETS LESS CURRENT LIABILITIES

93,501

CREDITORS

Amounts falling due after more than one year

(70,000

)

PROVISIONS FOR LIABILITIES

(1,282

)

NET ASSETS

22,219

CAPITAL AND RESERVES

Called up share capital

4

330

Profit and loss account

21,889

SHAREHOLDERS' FUNDS

22,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 July 2014 and were signed on its behalf by:

C R Shuttleworth - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Franchise fees

The purchase of the 'Driver Hire' franchise is to be written off over 5 years on a straight line basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

70,900

At 31 March 2014

70,900

AMORTISATION

Amortisation for period

15,362

At 31 March 2014

15,362

NET BOOK VALUE

At 31 March 2014

55,538

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

12,128

Disposals

(3,400

)

At 31 March 2014

8,728

DEPRECIATION

Charge for period

2,320

At 31 March 2014

2,320

NET BOOK VALUE

At 31 March 2014

6,408

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

300

Ordinary A

£1

300

10

Ordinary B

£1

10

10

Ordinary C

£1

10

10

Ordinary D

£1

10

330

The following shares were issued during the period for cash at par :

300 Ordinary A shares of £1

10 Ordinary B shares of £1

10 Ordinary C shares of £1

10 Ordinary D shares of £1