Abbreviated Company Accounts - HIGH ENERGY SYSTEMS LTD

HIGH ENERGY SYSTEMS LTD - Company Information

07271623 HIGH ENERGY SYSTEMS LTD 2014-12-31 false 2013-07-01 2014-12-31 true 07271623 2013-07-01 2014-12-31 07271623 2014-12-31 07271623 2013-06-30 07271623 uk-gaap-cd-bus:Director1 2013-07-01 2014-12-31 07271623 uk-gaap-cd-bus:Director2 2013-07-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 07271623

HIGH ENERGY SYSTEMS LTD

Abbreviated Accounts

31 December 2014

HIGH ENERGY SYSTEMS LTD Registered Number 07271623

Abbreviated Balance Sheet as at 31 December 2014

	Notes	31/12/2014	30/06/2013
		£	£
Current assets
Debtors		8,857,405	1,000
Cash at bank and in hand		120,733	-
		8,978,138	1,000
Creditors: amounts falling due within one year		(1,535,634)	-
Net current assets (liabilities)		7,442,504	1,000
Total assets less current liabilities		7,442,504	1,000
Creditors: amounts falling due after more than one year		(7,402,966)	-
Total net assets (liabilities)		39,538	1,000
Capital and reserves
Called up share capital	2	1,000	1,000
Profit and loss account		38,538	-
Shareholders' funds		39,538	1,000

For the year ending 31 December 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 directors acknowledge their 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 Board on 1 December 2015

And signed on their behalf by:
V Papaleontiou, Director

HIGH ENERGY SYSTEMS LTD Registered Number 07271623

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 Small Entities (effective April 2008).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

The revenue recognised is measured by reference to the amounts likely to be chargeable to customers, less a suitable allowance to recognise the uncertainties remaining in the completion of the obligations.

Other accounting policies
Cash flow

The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Small Entities (effective April 2008).

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of ruling on the date of the transaction.

Exchange gains and losses are recognised on the Profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:

	31/12/2014 £	30/06/2013 £
1,000 Ordinary shares of £1 each	1,000	1,000