Hi-Genes Limited - Abbreviated accounts

Registered number

03576221

Hi-Genes Limited

Abbreviated Accounts

30 June 2015

Hi-Genes Limited
Registered number:		03576221
Abbreviated Balance Sheet
as at 30 June 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		27,416			25,486

Current assets
Debtors		34,619			9,152
Cash at bank and in hand		29,293			32,610
		63,912			41,762

Creditors: amounts falling due within one year		(40,778)			(23,579)

Net current assets			23,134			18,183

Total assets less current liabilities			50,550			43,669


Provisions for liabilities			(3,930)			(5,097)


Net assets			46,620			38,572

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			46,520			38,472

Shareholders' funds			46,620			38,572


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.
Members have 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.



N H Wrigglesworth
Director
Approved by the board on 31 March 2016

Hi-Genes Limited

Notes to the Abbreviated Accounts
for the year ended 30 June 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.

	Equipment			15% reducing balance
	Motor vehicles			25% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 July 2014					45,024
	Additions					11,855
	Disposals					(7,490)
	At 30 June 2015					49,389

	Depreciation
	At 1 July 2014					19,538
	Charge for the year					6,040
	On disposals					(3,605)
	At 30 June 2015					21,973

	Net book value
	At 30 June 2015					27,416
	At 30 June 2014					25,486


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