HOWESG Limited - Period Ending 2016-03-31

Registration number: 08985035

HOWESG Limited

Unaudited Abbreviated Accounts

for the Period from 1 May 2015 to 31 March 2016

 

West Accounting Solutions
  46 Church Lane
  Backwell
  Bristol
  North Somerset
  BS48 3PQ

HOWESG Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
HOWESG Limited
for the Period Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HOWESG Limited for the period ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of HOWESG Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of HOWESG Limited and state those matters that we have agreed to state to them, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HOWESG Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that HOWESG Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of HOWESG Limited. You consider that HOWESG Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of HOWESG 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 accounts.

......................................

West Accounting Solutions
46 Church Lane
Backwell
Bristol
North Somerset
BS48 3PQ

11 May 2016

Page 1

HOWESG Limited
(Registration number: 08985035)
Abbreviated Balance Sheet at 31 March 2016

		Note			31 March 2016 £			30 April 2015 £
Fixed assets
Tangible fixed assets					2,820			2,255
Current assets
Debtors					18,318			6,971
Cash at bank and in hand					20,401			23,784
					38,719			30,755
Creditors: Amounts falling due within one year					(29,458)			(24,201)
Net current assets					9,261			6,554
Total assets less current liabilities					12,081			8,809
Provisions for liabilities					(564)			(451)
Net assets					11,517			8,358
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					11,417			8,258
Shareholders' funds					11,517			8,358

For the year ending 31 March 2016 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 director acknowledges his 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 director on 11 May 2016

.........................................
Mr H Pearce
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

HOWESG Limited
Notes to the Abbreviated Accounts for the Period from 1 May 2015 to 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

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 Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		2,871			2,871
Additions		1,426			1,426
At 31 March 2016		4,297			4,297
Depreciation
At 1 May 2015		616			616
Charge for the period		861			861
At 31 March 2016		1,477			1,477
Net book value
At 31 March 2016		2,820			2,820
At 30 April 2015		2,255			2,255

Page 3

HOWESG Limited
Notes to the Abbreviated Accounts for the Period from 1 May 2015 to 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016						30 April 2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4