Hymal Tools Limited - Accounts to registrar - small 17.2
Hymal Tools Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 January 2017 |
| for |
| Hymal Tools Limited |
| Hymal Tools Limited (Registered number: SC048947) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Hymal Tools Limited |
| Company Information |
| for the Year Ended 31 January 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 10 Duckburn Business Park |
| Dunblane |
| FK15 0EW |
| BANKERS: |
| 56 Murray Place |
| Stirling |
| FK8 2BX |
| Hymal Tools Limited (Registered number: SC048947) |
| Balance Sheet |
| 31 January 2017 |
| 31/1/17 | 31/1/16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Hymal Tools Limited (Registered number: SC048947) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2017 |
| 1. | STATUTORY INFORMATION |
| Hymal Tools Limited is a |
| 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 on the going concern basis. They are presented in sterling, which is the functional currency of the |
| company. |
| The preparation of financial statements in compliance with FRS 102 requires the use of certain critical |
| accounting estimates. It also requires the directors to exercise their judgement in the application of the company's |
| accounting policies. They do not consider that there are any matters arising in this regard that are so significant |
| to the financial statements as to require separate disclosure. |
| The principal accounting policies applied in the preparation of these financial statements are set out below. They |
| have been applied consistently to all years presented, unless otherwise stated. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Land and buidings | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value on the first-in first-out basis, after making due |
| allowance for obsolete and slow moving items. |
| 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. |
| Debtors and creditors due within one year |
| Debtors, prepayments, creditors and provisions are recognised at the transaction value, after taking account of |
| any discounts or impairments. |
| Cash and cash equivalents |
| Cash at bank and in hand includes cash, bank current accounts and bank deposits repayable without penalty on |
| notice of not more than three months.. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Hymal Tools Limited (Registered number: SC048947) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2016 |
| and 31 January 2017 |
| DEPRECIATION |
| At 1 February 2016 |
| Charge for year |
| At 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| At 31 January 2016 |
| All amounts shown under land and buildings relate to short leasehold property. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/1/17 | 31/1/16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/1/17 | 31/1/16 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | RELATED PARTY DISCLOSURES |
| 8. | FIRST YEAR ADOPTION OF FRS 102 |
| This is the first year that the company has presented its results under FRS 102. The last financial statements |
| under the previous UK GAAP were for the year ended 31 January 2016. No adjustments are required to the |
| comparative prior year amounts in respect of the transition to FRS 102. |