H2F WORLDWIDE LIMITED

H2F WORLDWIDE LIMITED

H2F WORLDWIDE LTD - Company Information

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Company Registration No. 08738640 (England and Wales)
H2F WORLDWIDE LIMITED Abbreviated unaudited accounts for the year ended 31 October 2016
H2F WORLDWIDE LIMITED Abbreviated Balance Sheet as at 31 October 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Intangible assets
2
102,735 
102,735 
Tangible assets
3
11,236 
3,390 
113,971 
106,125 
Current assets
Cash at bank and in hand
7,000 
1,422 
Creditors: amounts falling due within one year
(223,979)
(152,897)
Net current liabilities
(216,979)
(151,475)
Net liabilities
(103,008)
(45,350)
Capital and reserves
Called up share capital
4
100 
100 
Profit and loss account
(103,108)
(45,450)
Total shareholders' funds
(103,008)
(45,350)
For the year ending 31 October 2016 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 3 November 2016
Ms T. Gor Director Company Registration No. 08738640
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H2F WORLDWIDE LIMITED Notes to the Abbreviated Accounts for the year ended 31 October 2016
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 VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3% straight line
Leasehold Property
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2015
102,735 
At 31 October 2016
102,735 
Amortisation
At 1 November 2015
- 
Net book value
At 31 October 2016
102,735 
At 31 October 2015
102,735 
3
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost
At 1 November 2015
- 
5,535 
5,535 
Additions
9,948 
- 
9,948 
At 31 October 2016
9,948 
5,535 
15,483 
Depreciation
At 1 November 2015
- 
2,145 
2,145 
Charge for the year
995 
1,107 
2,102 
At 31 October 2016
995 
3,252 
4,247 
Net book value
At 31 October 2016
8,953 
2,283 
11,236 
At 31 October 2015
- 
3,390 
3,390 
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H2F WORLDWIDE LIMITED Notes to the Abbreviated Accounts for the year ended 31 October 2016
4
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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