Hatherley Commercial Services Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 04491384 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2016

for

Hatherley Commercial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss K Hatherley

B Hatherley

SECRETARY:

Miss K Hatherley

REGISTERED OFFICE:

Unit 2

Woodland Court

Brunel Business Park

Newark

Nottinghamshire

NG24 2AG

REGISTERED NUMBER:

04491384 (England and Wales)

ACCOUNTANTS:

D. K. Rumsby & Co Limited

3 Colwick Quays

Colwick

Nottingham

Nottinghamshire

NG4 2JY

FIXED ASSETS

Tangible assets

4

25,443

31,622

CURRENT ASSETS

Stocks

37,624

52,770

Debtors

5

170,171

122,487

Cash at bank and in hand

306,029

390,162

513,824

565,419

CREDITORS

Amounts falling due within one year

6

(280,137

)

(285,343

)

NET CURRENT ASSETS

233,687

280,076

TOTAL ASSETS LESS CURRENT LIABILITIES

259,130

311,698

CREDITORS

Amounts falling due after more than one year

7

-

(2,556

)

PROVISIONS FOR LIABILITIES

(4,283

)

(5,341

)

NET ASSETS

254,847

303,801

CAPITAL AND RESERVES

Called up share capital

9

66

66

Capital redemption reserve

33

33

Retained earnings

254,748

303,702

SHAREHOLDERS' FUNDS

254,847

303,801

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 December 2016 and were signed on its behalf by:

B Hatherley - Director

1.	STATUTORY INFORMATION

Hatherley Commercial Services Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

In respect of long-term contracts and contracts for ongoing services, turnover represents the value of

work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term

contracts and contracts for ongoing services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2015

and 30 September 2016

75,174

DEPRECIATION

At 1 October 2015

43,552

Charge for year

6,179

At 30 September 2016

49,731

NET BOOK VALUE

At 30 September 2016

25,443

At 30 September 2015

31,622

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2015

and 30 September 2016

57,040

DEPRECIATION

At 1 October 2015

31,373

Charge for year

5,133

At 30 September 2016

36,506

NET BOOK VALUE

At 30 September 2016

20,534

At 30 September 2015

25,667

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Trade debtors

158,627

110,806

Other debtors

11,544

11,681

170,171

122,487

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Hire purchase contracts

3,056

3,833

Trade creditors

173,105

181,488

Taxation and social security

70,677

97,855

Other creditors

33,299

2,167

280,137

285,343

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.16

30.9.15

£

£

Hire purchase contracts

-

2,556

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.16

30.9.15

£

£

Hire purchase contracts

3,056

6,389

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

66

Ordinary

£1

66

66