Hale Communications (Europe) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03791740 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Hale Communications (Europe) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

Mr R G Dey

SECRETARY:

Mrs M P Dey

REGISTERED OFFICE:

23 Ashley Road

Altrincham

Cheshire

WA14 2DP

REGISTERED NUMBER:

03791740 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Intangible assets

2

16,500

18,000

Tangible assets

3

6,419

8,003

22,919

26,003

CURRENT ASSETS

Stocks

130,328

103,402

Debtors

613,672

318,861

Cash at bank and in hand

240,634

284,815

984,634

707,078

CREDITORS

Amounts falling due within one year

348,264

186,323

NET CURRENT ASSETS

636,370

520,755

TOTAL ASSETS LESS CURRENT LIABILITIES

659,289

546,758

PROVISIONS FOR LIABILITIES

1,023

1,282

NET ASSETS

658,266

545,476

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

658,256

545,466

SHAREHOLDERS' FUNDS

658,266

545,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23 March 2017 and were signed by:

Mr R G Dey - Director

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.

Goodwill

Goodwill, being the amount on transfer of business in 2001. Goodwill will be amortised over the next 20 years,

which is considered to be its useful economic life.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

30,000

AMORTISATION

At 1 July 2015

12,000

Amortisation for year

1,500

At 30 June 2016

13,500

NET BOOK VALUE

At 30 June 2016

16,500

At 30 June 2015

18,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

32,785

DEPRECIATION

At 1 July 2015

24,782

Charge for year

1,584

At 30 June 2016

26,366

NET BOOK VALUE

At 30 June 2016

6,419

At 30 June 2015

8,003

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

10

Ordinary

£1

10

10

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Hale Communications (Europe) Limited for the year ended 30 June 2016 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hale Communications (Europe) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hale Communications (Europe) Limited and state those matters that we have agreed to state to the director of Hale Communications (Europe) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hale Communications (Europe) Limited director for our work or for this report.

It is your duty to ensure that Hale Communications (Europe) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hale Communications (Europe) Limited. You consider that Hale Communications (Europe) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hale Communications (Europe) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

23 March 2017