Hodsons Financial Services Ltd Company Accounts
Hodsons Financial Services Ltd Company Accounts
COMPANY REGISTRATION NUMBER:
01100629
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For the year ended |
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Financial Statements |
Year ended 31 March 2017
Contents |
Page |
Officers and professional advisers |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Officers and Professional Advisers |
Director |
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Company secretary |
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Registered office |
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Bankers |
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1 Warwick Street |
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Worthing |
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West Sussex |
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BN11 3DE |
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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---- |
---- |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
8 |
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-------- |
-------- |
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Net current assets |
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-------- |
-------- |
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Total assets less current liabilities |
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-------- |
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Net assets |
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-------- |
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Statement of Financial Position (continued) |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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-------- |
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Members funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
30 June 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
01100629
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Notes to the Financial Statements |
Year ended 31 March 2017
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1 Wiston Avenue, Worthing, West Sussex, BN14 7QL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
over 5 years
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
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Impairment of fixed assets
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to
2
(2016:
2
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 Apr 2016 and 31 Mar 2017 |
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------- |
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Amortisation |
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At 1 Apr 2016 and 31 Mar 2017 |
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------- |
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Carrying amount |
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At 31 March 2017 |
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------- |
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6.
Tangible assets
Equipment |
Total |
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£ |
£ |
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Cost |
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At 1 Apr 2016 and 31 Mar 2017 |
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Depreciation |
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At 1 Apr 2016 and 31 Mar 2017 |
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---- |
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Carrying amount |
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At 31 March 2017 |
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---- |
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7.
Debtors
2017 |
2016 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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------- |
------- |
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------- |
------- |
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8.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Corporation tax |
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– |
Social security and other taxes |
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Other creditors |
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------- |
------- |
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------- |
------- |
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9.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2017 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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---- |
------- |
------- |
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2016 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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– |
(
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10.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.
No transitional adjustments were required in equity or profit or loss for the year.