HP2g Ltd - Period Ending 2016-03-31

Registration number: 06493553

HP2g Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

HP2g Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

HP2g Ltd
(Registration number: 06493553)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			3,981			5,835
Current assets
Stocks					1,850			1,850
Debtors					39,839			21,621
Cash at bank and in hand					69,127			96,363
					110,816			119,834
Creditors: Amounts falling due within one year					(31,823)			(36,587)
Net current assets					78,993			83,247
Total assets less current liabilities					82,974			89,082
Provisions for liabilities					(796)			(1,167)
Net assets					82,178			87,915
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					82,078			87,815
Shareholders' funds					82,178			87,915

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 directors acknowledge their 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 Board on 6 December 2016 and signed on its behalf by:

 JC Batten
 Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

HP2g Ltd
Notes to the Abbreviated Accounts for the Year Ended 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).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable , net of value added tax, in respect of the sale of goods and 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
Plant and machinery	20% straight line basis
Office equipment	20% straight line basis
Motor vehicles	20% straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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 rate effective at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

HP2g Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		27,386			27,386
Additions		932			932
At 31 March 2016		28,318			28,318
Depreciation
At 1 April 2015		21,551			21,551
Charge for the year		2,786			2,786
At 31 March 2016		24,337			24,337
Net book value
At 31 March 2016		3,981			3,981
At 31 March 2015		5,835			5,835

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A shares of £1 each		50			50			50			50
Ordinary B shares of £1 each		50			50			50			50
		100			100			100			100

Page 3

HP2g Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

4

Control

The company is controlled by the directors who own 100% of the called up share capital.

Page 4