Hiley Effective Communications Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08741070 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Hiley Effective Communications Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

L R Hiley

SECRETARY:

Ms G Blight

REGISTERED OFFICE:

The Old Post Office

High Street

Hartley Wintney

Hook

Hampshire

RG27 8NZ

REGISTERED NUMBER:

08741070 (England and Wales)

ACCOUNTANTS:

Willan & Willan

The Old Post Office

High Street

Hartley Wintney

Hook

Hampshire

RG27 8NZ

FIXED ASSETS

Tangible assets

2

3,186

5,399

CURRENT ASSETS

Debtors

10,147

10,662

Cash at bank

143

2,065

10,290

12,727

CREDITORS

Amounts falling due within one year

16,572

16,644

NET CURRENT LIABILITIES

(6,282

)

(3,917

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,096

)

1,482

PROVISIONS FOR LIABILITIES

637

1,080

NET (LIABILITIES)/ASSETS

(3,733

)

402

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

(3,743

)

392

SHAREHOLDERS' FUNDS

(3,733

)

402

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 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 30 May 2017 and were signed by:

L R Hiley - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

10,263

Additions

1,258

At 30 September 2016

11,521

DEPRECIATION

At 1 October 2015

4,864

Charge for year

3,471

At 30 September 2016

8,335

NET BOOK VALUE

At 30 September 2016

3,186

At 30 September 2015

5,399

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

10

Ordinary

1

10

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016 and

30 September 2015:

30.9.16

30.9.15

£

L R Hiley

Balance outstanding at start of year

4,656

-

Amounts advanced

1,027

4,656

Amounts repaid

(4,656

)

-

Balance outstanding at end of year

1,027

4,656

5.	GOING CONCERN

The company is insolvent as at the balance sheet date. However, the director is committed to financially

supporting the company for the foreseeable future and accordingly the accounts have been prepared on the going

concern basis.