Herc Ltd. - Limited company - abbreviated - 11.9

Herc Ltd. - Limited company - abbreviated - 11.9

HERC LTD. - Company Information

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05698135 Mr A D Kumar Mrs N Kumar Dr A Kumar 1.3.14 28.2.15 28.2.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure056981352014-02-28056981352015-02-28056981352014-03-012015-02-28056981352013-02-28056981352013-03-012014-02-28056981352014-02-2805698135ns12:England2014-03-012015-02-2805698135ns14:PoundSterling2014-03-012015-02-2805698135ns7:Director12014-03-012015-02-2805698135ns7:Director22014-03-012015-02-2805698135ns7:Director32014-03-012015-02-2805698135ns7:OrdinaryShareClass12014-03-012015-02-2805698135ns5:PatentsConcessionsLicencesTradeMarksSimilar2014-03-012015-02-2805698135ns5:PlantMachinery2014-03-012015-02-2805698135ns7:OrdinaryShareClass12015-02-2805698135ns7:OrdinaryShareClass12014-02-28
REGISTERED NUMBER: 05698135 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Herc Ltd.

Herc Ltd. (Registered number: 05698135)

Contents of the Abbreviated Accounts
for the Year Ended 28 February 2015










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

Herc Ltd. (Registered number: 05698135)

Abbreviated Balance Sheet
28 February 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 136 153
Tangible assets 3 10,063 10,340
10,199 10,493

CURRENT ASSETS
Stocks 1,026 6,847
Debtors 19,475 427
Cash at bank 5,656 1,114
26,157 8,388
CREDITORS
Amounts falling due within one year 118,321 104,986
NET CURRENT LIABILITIES (92,164 ) (96,598 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(81,965		 )
(86,105		 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (82,065 ) (86,205 )
SHAREHOLDERS' FUNDS (81,965 ) (86,105 )

The notes form part of these abbreviated accounts

Page 1
Herc Ltd. (Registered number: 05698135)

Abbreviated Balance Sheet - continued
28 February 2015


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 25 November 2015 and were signed on its behalf
by:




Mr A D Kumar - Director Mrs N Kumar - Director




Dr A Kumar - Director


The notes form part of these abbreviated accounts

Page 2
Herc Ltd. (Registered number: 05698135)

Notes to the Abbreviated Accounts
for the Year Ended 28 February 2015


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.

Patent
Patent is being amortised evenly over its estimated useful life of ten years.

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

Plant and machinery etc - 25% - 50% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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
At 1 March 2014
and 28 February 2015 170
AMORTISATION
At 1 March 2014 17
Amortisation for year 17
At 28 February 2015 34
NET BOOK VALUE

At 28 February 2015 136
At 28 February 2014 153

Page 3
Herc Ltd. (Registered number: 05698135)

Notes to the Abbreviated Accounts - continued
for the Year Ended 28 February 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2014 23,835
Additions 2,266
At 28 February 2015 26,101
DEPRECIATION
At 1 March 2014 13,495
Charge for year 2,543
At 28 February 2015 16,038
NET BOOK VALUE
At 28 February 2015 10,063
At 28 February 2014 10,340

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end and included within other creditors is an amount due to the director, Mrs N Kumar, amounting to
£99,687 (2014-£90,623).

This loan is interest free and payable on demand.

Page 4
Herc Ltd. (Registered number: 05698135)

Notes to the Abbreviated Accounts - continued
for the Year Ended 28 February 2015


6. GOING CONCERN

In determining the appropriate basis of preparation of the financial statements, the directors are required to
consider whether the Company can continue in operational existence for at least the next 12 months.

During the year the company made a net profit of £4,140 and, at the balance sheet date, the company's total
liabilities exceeded its total assets by £81,965.

Having made requisite enquires, the directors are confident that the company has adequate resources to continue
its operations for the foreseeable future. Part of the company's liabilities are monies due to the directors of the
company, amounting to £99,687. They have confirmed that they will not call on these outstanding monies and
will continue their support of the business.

Following a detailed and comprehensive review of the business, the Directors have no reason or intention to
liquidate the company or cease its trading activities over the foreseeable future.

In conclusion, and considering the areas described above, the directors are confident that the Company has
adequate resources to continue in operational existence for the foreseeable future. For these reasons, the
directors consider it appropriate they continue to prepare the financial statements on a going concern basis.
These financial statements do not include any adjustments that would result from the going concern basis of
preparation being inappropriate.

Page 5