ACCOUNTS - Final Accounts

Cash and cash equivalents

HELLO WORLD CONSULTANCY LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-04-302017-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruemarketing servicesfalse2016-04-01 04712190 2016-04-01 2017-04-30 04712190 2015-04-01 2016-03-31 04712190 2017-04-30 04712190 2016-03-31 04712190 c:Director1 2016-04-01 2017-04-30 04712190 d:FurnitureFittings 2016-04-01 2017-04-30 04712190 d:FurnitureFittings 2017-04-30 04712190 d:FurnitureFittings 2016-03-31 04712190 d:FurnitureFittings d:OwnedOrFreeholdAssets 2016-04-01 2017-04-30 04712190 d:CurrentFinancialInstruments 2017-04-30 04712190 d:CurrentFinancialInstruments 2016-03-31 04712190 d:CurrentFinancialInstruments d:WithinOneYear 2017-04-30 04712190 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 04712190 d:ShareCapital 2017-04-30 04712190 d:ShareCapital 2016-03-31 04712190 d:RetainedEarningsAccumulatedLosses 2017-04-30 04712190 d:RetainedEarningsAccumulatedLosses 2016-03-31 04712190 c:FRS102 2016-04-01 2017-04-30 04712190 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-04-30 04712190 c:FullAccounts 2016-04-01 2017-04-30 04712190 c:PrivateLimitedCompanyLtd 2016-04-01 2017-04-30 iso4217:GBP xbrli:pure

Registered number: 04712190

HELLO WORLD CONSULTANCY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2017

HELLO WORLD CONSULTANCY LIMITED

REGISTERED NUMBER: 04712190

BALANCE SHEET

AS AT 30 APRIL 2017

	30 April	31 March
	2017	2016
Note	£	£

Fixed assets
Tangible assets	4		29		43
			29		43
Current assets
Debtors: amounts falling due within one year	5	-		43,740
Cash at bank and in hand	6	39,844		24,866
		39,844		68,606
Creditors: amounts falling due within one year	7	(7,055)		(21,156)
Net current assets			32,789		47,450
Total assets less current liabilities			32,818		47,493

Net assets			32,818		47,493

Capital and reserves
Called up share capital	1	1
Profit and loss account	32,817	47,492
	32,818	47,493

The director considers 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 period in question in accordance with section 476 of Companies Act 2006.

The director acknowledges her 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 income and retained earnings 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 20 December 2017.

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HELLO WORLD CONSULTANCY LIMITED

REGISTERED NUMBER: 04712190

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2017

H Weston

Director

The notes on pages 3 to 8 form part of these financial statements.

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HELLO WORLD CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2017

1.Accounting policies

1.1

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:

1.2

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

1.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

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HELLO WORLD CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2017

1.Accounting policies (continued)

1.4

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.

1.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.6

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.

1.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

1.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

1.9

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

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HELLO WORLD CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2017

1.Accounting policies (continued)

1.10

Taxation

Tax is recognised in the Statement of income and retained earnings, 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.

2.	General information

Hello World Consultancy Limited is a private company limited by shares and incorporated in England & Wales. It's registered office is 100 Church Street, Brighton, BN1 1UJ The financial statements are presented in Sterling, which is the functional currency of the company. The principal activity of the company is that of marketing services.

3.	Employees
	Staff costs, including director's remuneration, were as follows:

The average monthly number of employees, including directors, during the period was 1 (2016 - 1).

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HELLO WORLD CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2017

4.	Tangible fixed assets

		Fixtures & fittings
		£
	Cost or valuation
	At 1 April 2016	1,837
	At 30 April 2017	1,837
	Depreciation
	At 1 April 2016	1,794
	Charge for the period on owned assets	14
	At 30 April 2017	1,808
	Net book value
	At 30 April 2017	29
	At 31 March 2016	43

Debtors

					30 April	31 March
					2017	2016
					£	£


Trade debtors	-	43,740
	-	43,740

Cash at bank and in hand	39,844	24,866
	39,844	24,866

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HELLO WORLD CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2017

Corporation tax	2,634	13,918
Other taxation and social security	2,246	4,637
Other creditors	1,641	2,025
Accruals and deferred income	534	576
	7,055	21,156

8.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £ 10000 (2016 - £ 0). Contributions totalling £ 0 (2016 - £ 0) were payable to the fund at the balance sheet date and are included in creditors.

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HELLO WORLD CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2017

9.	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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