Hundred Limited Company Accounts

Hundred Limited Company Accounts

SYMMETRIC NETWORKS LIMITED - Company Information

Print Friendly Version

false false false false false false false false false true false false false false false false false No description of principal activity 2016-04-01 Sage Accounts Production Advanced 2017 Update 1 - FRS 3,034 125 3,159 3,034 41 3,075 84 2,000 2,000 xbrli:pure xbrli:shares iso4217:GBP 07482307 2016-04-01 2017-03-31 07482307 2017-03-31 07482307 2016-03-31 07482307 2015-04-01 2016-03-31 07482307 2016-03-31 07482307 bus:OrdinaryShareClass1 2016-04-01 2017-03-31 07482307 bus:Director1 2016-04-01 2017-03-31 07482307 core:WithinOneYear 2017-03-31 07482307 core:WithinOneYear 2016-03-31 07482307 core:ShareCapital 2017-03-31 07482307 core:ShareCapital 2016-03-31 07482307 core:RetainedEarningsAccumulatedLosses 2017-03-31 07482307 core:RetainedEarningsAccumulatedLosses 2016-03-31 07482307 core:CostValuation core:Non-currentFinancialInstruments 2017-03-31 07482307 core:Non-currentFinancialInstruments 2017-03-31 07482307 bus:FRS102 2016-04-01 2017-03-31 07482307 bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 07482307 bus:FullAccounts 2016-04-01 2017-03-31 07482307 bus:SmallCompaniesRegimeForAccounts 2016-04-01 2017-03-31 07482307 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 07482307 bus:OrdinaryShareClass1 2017-03-31 07482307 bus:OrdinaryShareClass1 2016-03-31 07482307 core:ComputerEquipment 2016-04-01 2017-03-31 07482307 core:ComputerEquipment 2016-03-31 07482307 core:ComputerEquipment 2017-03-31
COMPANY REGISTRATION NUMBER: 07482307
Hundred Limited
Filleted Unaudited Financial Statements
31 March 2017
Hundred Limited
Financial Statements
Year ended 31 March 2017
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Hundred Limited
Balance Sheet
31 March 2017
2017
2016
Note
£
£
£
Fixed assets
Tangible assets
5
84
–
Investments
6
2,000
2,000
-------
-------
2,084
2,000
Current assets
Debtors
7
66,938
106,009
Cash at bank and in hand
81,633
94,415
---------
---------
148,571
200,424
Creditors: amounts falling due within one year
8
24,655
71,851
---------
---------
Net current assets
123,916
128,573
---------
---------
Total assets less current liabilities
126,000
130,573
---------
---------
Net assets
126,000
130,573
---------
---------
Capital and reserves
Called up share capital
9
1,000
1,000
Profit and loss account
125,000
129,573
---------
---------
Member funds
126,000
130,573
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hundred Limited
Balance Sheet (continued)
31 March 2017
These financial statements were approved by the board of directors and authorised for issue on 23 November 2017 , and are signed on behalf of the board by:
D C Monk
Director
Company registration number: 07482307
Hundred Limited
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 and Wales. The address of the registered office is 85 Church Road, Hove, East Sussex, BN3 2BB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
In the opinion of the director, the company and its subsidiary undertaking comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
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 11.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. The turnover shown in the profit and loss account represents services provided during the year, exclusive of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Investments in associates
Investments in associates are accounted for in accordance with the cost model and recorded at cost less any accumulated impairment losses, since it is impracticable to measure fair value reliably without undue cost or effort
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to 2 (2016: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2016
3,034
3,034
Additions
125
125
-------
-------
At 31 March 2017
3,159
3,159
-------
-------
Depreciation
At 1 April 2016
3,034
3,034
Charge for the year
41
41
-------
-------
At 31 March 2017
3,075
3,075
-------
-------
Carrying amount
At 31 March 2017
84
84
-------
-------
At 31 March 2016
–
–
-------
-------
6. Investments
Shares in participating interests
£
Cost
At 1 Apr 2016 and 31 Mar 2017
2,000
-------
Impairment
At 1 Apr 2016 and 31 Mar 2017
–
-------
Carrying amount
At 31 March 2017
2,000
-------
7. Debtors
2017
2016
£
£
Trade debtors
–
24,245
Amounts owed by group undertakings and undertakings in which the company has a participating interest
29,996
54,987
Other debtors
36,942
26,777
--------
---------
66,938
106,009
--------
---------
8. Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
3,324
662
Corporation tax
10,796
25,789
Social security and other taxes
5,207
10,189
Other creditors
5,328
35,211
--------
--------
24,655
71,851
--------
--------
9. Called up share capital
Issued, called up and fully paid
2017
2016
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
10. Director's advances, credits and guarantees
During the year, the company made advances to the director amounting to £20,873 (2016: £44,276). He repaid £22,169 (2016: £47,399). At the year end, the director owed the company an amount of £15,518 (2016: £16,814), which is included within debtors. The advances were interest-free, unsecured and repayable on demand.
11. 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.