Hi-Genes Limited - Abbreviated accounts

Registered number

03576221

Hi-Genes Limited

Abbreviated Accounts

30 June 2016

Hi-Genes Limited
Registered number:		03576221
Abbreviated Balance Sheet
as at 30 June 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		31,951			27,416

Current assets
Debtors		25,923			34,619
Cash at bank and in hand		24,161			29,293
		50,084			63,912

Creditors: amounts falling due within one year		(36,487)			(40,778)

Net current assets			13,597			23,134

Total assets less current liabilities			45,548			50,550


Provisions for liabilities			(4,837)			(3,930)


Net assets			40,711			46,620

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			40,611			46,520

Shareholders' funds			40,711			46,620


The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



N H Wrigglesworth
Director
Approved by the board on 23 March 2017

Hi-Genes Limited

Notes to the Abbreviated Accounts
for the year ended 30 June 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 value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Equipment			15% reducing balance
	Motor vehicles			25% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 July 2015					49,389
	Additions					12,125
	At 30 June 2016					61,514

	Depreciation
	At 1 July 2015					21,973
	Charge for the year					7,590
	At 30 June 2016					29,563

	Net book value
	At 30 June 2016					31,951
	At 30 June 2015					27,416


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100