ACCOUNTS - Final Accounts

HETTY'S TRADING LTD - Company Information

Caseware UK (AP4) 2014.0.91 2014.0.91 2017-03-312017-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-04-01 09033014 2016-04-01 2017-03-31 09033014 2017-03-31 09033014 2016-03-31 09033014 c:Director1 2016-04-01 2017-03-31 09033014 d:CurrentFinancialInstruments 2017-03-31 09033014 d:CurrentFinancialInstruments 2016-03-31 09033014 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 09033014 d:RetainedEarningsAccumulatedLosses 2017-03-31 09033014 d:RetainedEarningsAccumulatedLosses 2016-03-31 09033014 c:FRS102 2016-04-01 2017-03-31 09033014 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 09033014 c:FullAccounts 2016-04-01 2017-03-31 09033014 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 iso4217:GBP

Registered number: 09033014

HETTY'S TRADING LTD

(a company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

HETTY'S TRADING LTD

(a company limited by guarantee)

REGISTERED NUMBER: 09033014

BALANCE SHEET

AS AT 31 MARCH 2017

		2017		2016
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	9,959		8,268
Cash at bank and in hand		32,739		23,801
		42,698		32,069
Creditors: amounts falling due within one year	5	-		(6,250)
Net current assets			42,698		25,819

Net assets			42,698		25,819

Capital and reserves
Profit and loss account	42,698	25,819

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2017.

D Knowles

Director

The notes on pages 2 to 4 form part of these financial statements.

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HETTY'S TRADING LTD

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

1.	General information

Hetty's Trading Ltd is a private company limited by guarantee and incorporated in England. Its registered

office is Marlborough House, 23 Woodhouse Road, Mansfield, Nottinghamshire, NG18 2AF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

·the company has transferred the significant risks and rewards of ownership to the buyer;

·the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

·the amount of revenue can be measured reliably;

·it is probable that the company will receive the consideration due under the transaction; and

·the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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HETTY'S TRADING LTD

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

2.Accounting policies (continued)

2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

2.7

Interest income

Interest income is recognised in the statement of comprehensive income using the effective interest method.

2.8

Taxation

Tax is recognised in the statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 0 (2016 - 0).

Debtors

					2017	2016
					£	£


Amounts owed by joint ventures and associated undertakings	6,858	4,635
Prepayments and accrued income	3,101	3,633
	9,959	8,268

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HETTY'S TRADING LTD

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

5.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Trade creditors	-	693
Amounts owed to other participating interests	-	4,669
Accruals and deferred income	-	888
	-	6,250


6.	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

7.	Controlling party

The company is controlled by Hetty's, a charitable company registered in England. The charity's registered office is the same address as Hetty's Trading Ltd.

8.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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