Company Registration No. 03242032 (England and Wales)
HIGHWAYS CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
HIGHWAYS CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
HIGHWAYS CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,485
Current assets
Debtors
19,110
32
Cash at bank and in hand
8,386
566
27,496
598
Creditors: amounts falling due within one year
(14,784)
(7,438)
Net current assets/(liabilities)
12,712
(6,840)
Total assets less current liabilities
12,712
(5,355)
Capital and reserves
Called up share capital
3
20
20
Profit and loss account
12,692
(5,375)
Shareholders' funds
12,712
(5,355)
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 4 April 2017
J M B Hopkins
Director
Company Registration No. 03242032
HIGHWAYS CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Property improvements
15% on cost
Office equipment
straight line over 3 years
Fixtures and fittings
straight line over 4 years
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
284,077
Depreciation
At 1 October 2015
282,592
Charge for the year
1,485
At 30 September 2016
284,077
Net book value
At 30 September 2016
At 30 September 2015
1,485
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
20 Ordinary of £1 each
20
20
4
Related party relationships and transactions
Other transactions
Included in other creditors is a balance due to the directors at 30 September 2016 of £5,055 (2015 - £6,512).
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