HCS (Enfield) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02635686

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

HCS (ENFIELD) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M H J Crausaz

SECRETARY:

Mrs L M Crausaz

REGISTERED OFFICE:

Pathway House

80 Green Street

Enfield

EN3 7HP

REGISTERED NUMBER:

02635686

ACCOUNTANTS:

Bramil Associates LLP

First Floor

677 High Road

North Finchley

London

N12 0DA

FIXED ASSETS

Tangible assets

4

10,672

254,511

CURRENT ASSETS

Stocks

1,285

1,275

Debtors

5

2,048,239

1,740,314

Cash at bank and in hand

8,421

7,762

2,057,945

1,749,351

CREDITORS

Amounts falling due within one year

6

78,168

88,586

NET CURRENT ASSETS

1,979,777

1,660,765

TOTAL ASSETS LESS CURRENT LIABILITIES

1,990,449

1,915,276

PROVISIONS FOR LIABILITIES

3,111

3,111

NET ASSETS

1,987,338

1,912,165

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,987,238

1,912,065

SHAREHOLDERS' FUNDS

1,987,338

1,912,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 25 July 2017 and were signed by:

M H J Crausaz - Director

1.	STATUTORY INFORMATION

HCS (Enfield) Limited is a private company, limited by shares , registered in Not specified/Other. The

company's registered 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.

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

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2016

557,330

154,106

711,436

Additions

-

594

594

Disposals

(557,330

)

-

(557,330

)

At 30 June 2017

-

154,700

154,700

DEPRECIATION

At 1 July 2016

315,663

141,262

456,925

Charge for year

10,203

2,766

12,969

Eliminated on disposal

(325,866

)

-

(325,866

)

At 30 June 2017

-

144,028

144,028

NET BOOK VALUE

At 30 June 2017

-

10,672

10,672

At 30 June 2016

241,667

12,844

254,511

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

77,366

67,735

Amounts owed by group undertakings

1,827,713

1,530,069

Other debtors

143,160

142,510

2,048,239

1,740,314

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Bank loans and overdrafts

217

-

Trade creditors

24,606

50,842

Taxation and social security

35,517

24,327

Other creditors

17,828

13,417

78,168

88,586