Herc Ltd. - Abbreviated accounts 16.1

Herc Ltd. - Abbreviated accounts 16.1

HERC LTD. - Company Information

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05698135 Mr A D Kumar Mrs N Kumar Dr A Kumar 1.3.15 29.2.16 29.2.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure056981352015-02-28056981352016-02-29056981352015-03-012016-02-29056981352014-02-28056981352014-03-012015-02-28056981352015-02-2805698135ns12:England2015-03-012016-02-2905698135ns14:PoundSterling2015-03-012016-02-2905698135ns7:Director12015-03-012016-02-2905698135ns7:Director22015-03-012016-02-2905698135ns7:Director32015-03-012016-02-2905698135ns7:OrdinaryShareClass12015-03-012016-02-2905698135ns5:PatentsConcessionsLicencesTradeMarksSimilar2015-03-012016-02-2905698135ns5:PlantMachinery2015-03-012016-02-2905698135ns7:OrdinaryShareClass12016-02-2905698135ns7:OrdinaryShareClass12015-02-28
REGISTERED NUMBER: 05698135 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 29 February 2016

for

Herc Ltd.

Herc Ltd. (Registered number: 05698135)

Contents of the Abbreviated Accounts
for the Year Ended 29 February 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

Herc Ltd. (Registered number: 05698135)

Abbreviated Balance Sheet
29 February 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 119 136
Tangible assets 3 8,455 10,063
8,574 10,199

CURRENT ASSETS
Stocks 792 1,026
Debtors 40,834 19,475
Cash at bank 8,571 5,656
50,197 26,157
CREDITORS
Amounts falling due within one year 119,749 118,321
NET CURRENT LIABILITIES (69,552 ) (92,164 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(60,978
)
(81,965
)

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (61,078 ) (82,065 )
SHAREHOLDERS' FUNDS (60,978 ) (81,965 )

The notes form part of these abbreviated accounts

Page 1
Herc Ltd. (Registered number: 05698135)

Abbreviated Balance Sheet - continued
29 February 2016


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 30 November 2016 and were signed on its behalf
by:




Mr A D Kumar - Director Mrs N Kumar - Director




Dr A Kumar - Director


The notes form part of these abbreviated accounts

Page 2
Herc Ltd. (Registered number: 05698135)

Notes to the Abbreviated Accounts
for the Year Ended 29 February 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods, excluding value added tax.

Patent
Patent is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% - 50% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 170
AMORTISATION
At 1 March 2015 34
Amortisation for year 17
At 29 February 2016 51
NET BOOK VALUE

At 29 February 2016 119
At 28 February 2015 136

Page 3
Herc Ltd. (Registered number: 05698135)

Notes to the Abbreviated Accounts - continued
for the Year Ended 29 February 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015 26,101
Additions 815
At 29 February 2016 26,916
DEPRECIATION
At 1 March 2015 16,038
Charge for year 2,423
At 29 February 2016 18,461
NET BOOK VALUE
At 29 February 2016 8,455
At 28 February 2015 10,063

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

5. GOING CONCERN

In determining the appropriate basis of preparation of the financial statements, the directors are required to
consider whether the Company can continue in operational existence for at least the next 12 months.

During the year the company made a net profit of £20,987 and, at the balance sheet date, the company's total
liabilities exceeded its total assets by £60,978.

Having made requisite enquires, the directors are confident that the company has adequate resources to continue
its operations for the foreseeable future. Part of the company's liabilities are monies due to the directors of the
company, amounting to £108,378. They have confirmed that they will not call on these outstanding monies and
will continue their support of the business.

Following a detailed and comprehensive review of the business, the Directors have no reason or intention to
liquidate the company or cease its trading activities over the foreseeable future.

In conclusion, and considering the areas described above, the directors are confident that the Company has
adequate resources to continue in operational existence for the foreseeable future. For these reasons, the
directors consider it appropriate they continue to prepare the financial statements on a going concern basis.
These financial statements do not include any adjustments that would result from the going concern basis of
preparation being inappropriate.

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