Hedgehog Lab Limited - Limited company - abbreviated - 11.9
Hedgehog Lab Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Hedgehog Lab Limited |
| Abbreviated Unaudited Accounts for the Year Ended 31 December 2015 |
| Hedgehog Lab Limited (Registered number: 05993194) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 December 2015 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 4 |
| Hedgehog Lab Limited |
| Company Information |
| for the Year Ended 31 December 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Hedgehog Lab Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to |
| five) have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Hedgehog Lab Limited for the year ended 31 December 2015 which comprise the Income |
| Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and |
| the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Hedgehog Lab Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hedgehog Lab Limited and state those matters that we have agreed to state to the Board of Directors of Hedgehog Lab Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Hedgehog Lab Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hedgehog Lab Limited. You consider that Hedgehog Lab Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Hedgehog Lab Limited. For |
| this reason, we have not verified the accuracy or completeness of the accounting records or information and |
| explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 24 March 2016 |
| Hedgehog Lab Limited (Registered number: 05993194) |
| Abbreviated Balance Sheet |
| 31 December 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 financial statements were approved by the Board of Directors on |
| Hedgehog Lab Limited (Registered number: 05993194) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 December 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of |
| Value Added Tax. |
| Turnover is recognised when goods and services are physically delivered to the customer. |
| Delivered goods/ services not invoiced at the year end are included in accrued income. Invoiced goods and |
| services are included in debtors. Where customers pay in advance for goods and services, the amount is |
| recorded as deferred income until the goods and services have been delivered. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| All fixed assets are initially recorded at the lower of cost and net realisable value, less accumulated depreciation |
| and less amounts recognised in respect of impairment. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Financial instruments |
| Financial liabilities and equity instruments are classified according to the substance of the contractual |
| arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets |
| of the entity after deducting all of its financial liabilities. |
| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar |
| debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented |
| as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in |
| the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the |
| outstanding liability. |
| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability |
| then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are |
| debited direct to equity. |
| Compound instruments |
| Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the |
| liability component is estimated using the prevailing market interest rate for a similar debt instrument. The |
| liability component is accounted for as a financial liability. |
| The residual is the difference between the net proceeds of issue and the liability component (at time of issue). |
| The residual is the equity component, which is accounted for as an equity instrument. |
| The interest expense on the liability component is calculated applying the effective interest rate for the liability |
| component of the instrument. The difference between this amount and any repayments is added to the carrying |
| amount of the liability in the balance sheet. |
| Hedgehog Lab Limited (Registered number: 05993194) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| Additions |
| At 31 December 2015 |
| DEPRECIATION |
| At 1 January 2015 |
| Charge for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | 1 |