HCIM Limited - Accounts

Registered number

07223216

HCIM Limited

Report and Accounts

30 April 2015

HCIM Limited
Registered number:		07223216
Director's Report

The director presents his report and accounts for the year ended 30 April 2015.

Principal activities
The company's principal activity during the year continued to be that of property development and investment.

Directors
The following persons served as directors during the year:

	P W Hill

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 8 September 2015 and signed on its behalf.





P W Hill
Director

HCIM Limited
Profit and Loss Account
for the year ended 30 April 2015


Notes		2015		2014
£			£

Turnover		187,634		166,853

Cost of sales		(139,020)		(70,459)

Gross profit		48,614		96,394

Administrative expenses		(50,683)		(36,862)

Operating (loss)/profit	2	(2,069)		59,532

Interest receivable		29		11
Interest payable	3	(5)		(11)

(Loss)/profit on ordinary activities before taxation		(2,045)		59,532

Tax on (loss)/profit on ordinary activities	4	(1,599)		-

(Loss)/profit for the financial year		(3,644)		59,532

HCIM Limited
Balance Sheet
as at 30 April 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	5		4,359			-

Current assets
Debtors	6	-			1,000
Cash at bank and in hand		44,203			42,891
		44,203			43,891

Creditors: amounts falling due within one year	7	(53,636)			(45,321)

Net current liabilities			(9,433)			(1,430)

Net liabilities			(5,074)			(1,430)

Capital and reserves
Called up share capital	8		100			100
Profit and loss account	9		(5,174)			(1,530)

Shareholder's funds			(5,074)			(1,430)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




P W Hill
Director
Approved by the board on 8 September 2015

HCIM Limited
Notes to the Accounts
for the year ended 30 April 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% straight line



2	Operating profit					2015		2014
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					1,453		486


3	Interest payable					2015		2014
£							£

	Interest payable					5		11


4	Taxation					2015		2014
£							£

	UK corporation tax					1,599		-


5	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	Additions							5,812
	At 30 April 2015							5,812

	Depreciation
	Charge for the year							1,453
	At 30 April 2015							1,453

	Net book value
	At 30 April 2015							4,359


6	Debtors					2015		2014
£							£

	Other debtors					-		1,000


7	Creditors: amounts falling due within one year					2015		2014
£							£

	Other taxes and social security costs					-		11,700
	Other creditors					53,636		33,621
						53,636		45,321


8	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


9	Profit and loss account					2015
£

	At 1 May 2014					(1,530)
	Loss for the year					(3,644)

	At 30 April 2015					(5,174)


10	Related party transactions					2015		2014
£							£
	P W Hill
	Director and shareholder
	Interest free loan
	[Amount due from (to) the related party]					(52,586)		(62,033)


11	Ultimate controlling party

	P W Hill is the holder of the entire share capital of the company and is therefore considered to be the controlling party.

HCIM Limited
Detailed profit and loss account
for the year ended 30 April 2015


	2015		2014
£		£

Sales	187,634		166,853

Cost of sales	(139,020)		(70,459)

Gross profit	48,614		96,394

Administrative expenses	(50,683)		(36,862)

Operating (loss)/profit	(2,069)		59,532

Interest receivable	29		11
Interest payable	(5)		(11)

(Loss)/profit before tax	(2,045)		59,532

HCIM Limited
Detailed profit and loss account
for the year ended 30 April 2015

		2015		2014
£			£
Sales
Sales		187,634		166,853

Cost of sales
Other direct costs		139,020		70,459

Administrative expenses
Employee costs:
	Travel and subsistence	22,758		15,857
	Motor expenses	1,834		876
	Entertaining	3,936		2,523
		28,528		19,256
General administrative expenses:
	Telephone and fax	3,109		1,853
	Postage, stationery and printing	2,493		1,705
	Information and publications	561		369
	Subscriptions	885		569
	Bank charges	445		392
	Equipment expensed	430		87
	Bookkeeping and secretarial fees	2,110		2,160
	Repairs and maintenance	296		545
	Depreciation	1,453		486
	Sundry expenses	535		536
		12,317		8,702
Legal and professional costs:
	Accountancy fees	1,050		725
	Solicitors fees	2,500		3,527
	Advertising and PR	5,268		3,927
	Other legal and professional	1,020		725
		9,838		8,904

		50,683		36,862