Hurricane Design Consultants Limited - Period Ending 2016-04-30

Registration number: 01865123

Hurricane Design Consultants Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Hurricane Design Consultants Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Hurricane Design Consultants Limited
(Registration number: 01865123)
Abbreviated Balance Sheet
at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			3,042			7,758
Current assets
Stocks					-			9,708
Debtors					158,057			68,391
Cash at bank and in hand					12,483			18,438
					170,540			96,537
Creditors: Amounts falling due within one year		3			(173,202)			(80,542)
Net current (liabilities)/assets					(2,662)			15,995
Total assets less current liabilities					380			23,753
Provisions for liabilities					(210)			(1,094)
Net assets					170			22,659
Capital and reserves
Called up share capital		4			75			75
Profit and loss account					95			22,584
Shareholders' funds					170			22,659

For the year ended 30 April 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 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 within Part 15 of the Companies Act 2006.

Approved by the director and authorised for issue on 25 January 2017

D P Myerson
Director

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Hurricane Design Consultants Limited
Notes to the Abbreviated Accounts
for the Year Ended 30 April 2016

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, net of value added tax, in respect of the sale of goods and services to customers.

Tangible fixed assets and 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
Fixtures, fittings & computer equipment	50% on cost per annum

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

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 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.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

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Hurricane Design Consultants Limited
Notes to the Abbreviated Accounts
for the Year Ended 30 April 2016

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		69,213			69,213
Additions		2,186			2,186
At 30 April 2016		71,399			71,399
Depreciation
At 1 May 2015		61,455			61,455
Charge for the year		6,902			6,902
At 30 April 2016		68,357			68,357
Net book value
At 30 April 2016		3,042			3,042
At 30 April 2015		7,758			7,758

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		32,845			5,398

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A of £1 each		71			71			71			71
Ordinary B of £1 each		4			4			4			4
		75			75			75			75

The different classes of share referred to above carry separate rights to dividends but in all other significant respects rank pari passu.

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Hurricane Design Consultants Limited
Notes to the Abbreviated Accounts
for the Year Ended 30 April 2016

5	Related party transactions

At the year end, the director D P Myerson owed the company £69,200 (2015: £15,685 - restated) in the form of a director's loan account. The majority of this loan was repaid after the year end.

 

6

Control

The company is controlled by the director D P Myerson .

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