Hyderus_Cyf - Accounts

HYDERUS CYF - Company Information

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Hyderus Cyf

Unaudited Abbreviated Accounts

For the year ended 30 June 2015

Company Registration No. 04463610 (England and Wales)

Hyderus Cyf

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

Hyderus Cyf

Abbreviated Balance Sheet

As at 30 June 2015

Page 1

2015

2014

Notes

Fixed assets

Tangible assets

6,711

4,512

Investments

2,850

9,561

7,362

Current assets

Debtors

151,138

208,490

Cash at bank and in hand

221,698

26,927

372,836

235,417

Creditors: amounts falling due within one year

(219,929)

(98,899)

Net current assets

152,907

136,518

Total assets less current liabilities

162,468

143,880

Provisions for liabilities

(632)

(41)

161,836

143,839

Capital and reserves

Called up share capital

100

Profit and loss account

161,736

143,739

Shareholders' funds

161,836

143,839

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 March 2016

M. Chataway

Director

Company Registration No. 04463610

Hyderus Cyf

Notes to the Abbreviated Accounts

For the year ended 30 June 2015

Page 2

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the amount due net of value added tax for services carried out which the company has a right to recognise. Turnover also includes rebilled costs which the company is entitled to invoice to customers.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% straight line

Fixtures, fittings & equipment

20% straight line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Deferred taxation

In accordance with FRS 19, deferred tax is recognised as a liability or asset if transactions or events that give the company the obligation to pay more tax in future or a right to pay less tax in future have occurred by the balance sheet date.

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Hyderus Cyf

Notes to the Abbreviated Accounts (Continued)

For the year ended 30 June 2015

Page 3

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 July 2014

79,651

2,850

82,501

Additions

7,089

Disposals

(630)

At 30 June 2015

86,110

2,850

88,960

Depreciation

At 1 July 2014

75,139

On disposals

(630)

Charge for the year

4,890

At 30 June 2015

79,399

Net book value

At 30 June 2015

6,711

2,850

9,561

At 30 June 2014

4,512

2,850

7,362

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

Baird's Communications Management Consultants Ltd

England and Wales

Class 'A' Ordinary

35.62

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Loss for the year

2014

Principal activity

Baird's Communications Management Consultants Ltd

Management consultants

63,496

6,963

Hyderus Cyf

Notes to the Abbreviated Accounts (Continued)

For the year ended 30 June 2015

Page 4

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Control

The controlling party is M. Chataway, the sole director, who holds 70% of the issued share capital.

Related party relationships and transactions

Loans from directors

Included within other creditors is an amount owed to the director of £1,852 (2014: £27). During the year rent of £6,000 (2014: £6,030) was paid to the director. The transactions were made on a normal commercial basis.

Dividends

During the year dividends of £25,000 (2014: £nil) were paid to M Chataway a director and of the company and £8,929 (2014: £nil) to M Nial a shareholder of the company.