Hanson Property Consultants Limited Company Accounts

Hanson Property Consultants Limited Company Accounts

HANSON PROPERTY CONSULTANTS LIMITED - Company Information

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false false false false false false false false false true false false false false false false false No description of principal activity 2016-10-01 Sage Accounts Production Advanced 2017 Update 2 - FRS 400,000 243,333 20,000 263,333 136,667 156,667 xbrli:pure xbrli:shares iso4217:GBP 05156437 2016-10-01 2017-09-30 05156437 2017-09-30 05156437 2016-09-30 05156437 2015-10-01 2016-09-30 05156437 2016-09-30 05156437 core:FurnitureFittings 2016-10-01 2017-09-30 05156437 bus:OrdinaryShareClass1 2016-10-01 2017-09-30 05156437 bus:OrdinaryShareClass2 2016-10-01 2017-09-30 05156437 bus:OrdinaryShareClass3 2016-10-01 2017-09-30 05156437 bus:Director1 2016-10-01 2017-09-30 05156437 core:WithinOneYear 2017-09-30 05156437 core:WithinOneYear 2016-09-30 05156437 core:NetGoodwill 2016-09-30 05156437 core:NetGoodwill 2017-09-30 05156437 core:LandBuildings 2016-09-30 05156437 core:FurnitureFittings 2016-09-30 05156437 core:LandBuildings 2017-09-30 05156437 core:FurnitureFittings 2017-09-30 05156437 core:LandBuildings 2016-10-01 2017-09-30 05156437 core:ShareCapital 2017-09-30 05156437 core:ShareCapital 2016-09-30 05156437 core:RetainedEarningsAccumulatedLosses 2017-09-30 05156437 core:RetainedEarningsAccumulatedLosses 2016-09-30 05156437 core:BetweenOneFiveYears 2017-09-30 05156437 core:BetweenOneFiveYears 2016-09-30 05156437 core:MoreThanFiveYears 2017-09-30 05156437 core:MoreThanFiveYears 2016-09-30 05156437 core:NetGoodwill 2016-10-01 2017-09-30 05156437 core:NetGoodwill 2016-09-30 05156437 core:LandBuildings 2016-09-30 05156437 core:FurnitureFittings 2016-09-30 05156437 bus:FRS102 2016-10-01 2017-09-30 05156437 bus:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-30 05156437 bus:FullAccounts 2016-10-01 2017-09-30 05156437 bus:SmallCompaniesRegimeForAccounts 2016-10-01 2017-09-30 05156437 bus:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30 05156437 bus:OrdinaryShareClass1 2017-09-30 05156437 bus:OrdinaryShareClass1 2016-09-30 05156437 bus:OrdinaryShareClass2 2017-09-30 05156437 bus:OrdinaryShareClass2 2016-09-30 05156437 bus:OrdinaryShareClass3 2017-09-30 05156437 bus:OrdinaryShareClass3 2016-09-30 05156437 bus:AllOrdinaryShares 2017-09-30 05156437 bus:AllOrdinaryShares 2016-09-30 05156437 core:LandBuildings core:OwnedOrFreeholdAssets 2016-10-01 2017-09-30 05156437 core:ComputerEquipment 2016-10-01 2017-09-30 05156437 core:ComputerEquipment 2016-09-30 05156437 core:ComputerEquipment 2017-09-30
COMPANY REGISTRATION NUMBER: 05156437
HANSON PROPERTY CONSULTANTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2017
HANSON PROPERTY CONSULTANTS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2017
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 6
HANSON PROPERTY CONSULTANTS LIMITED
BALANCE SHEET
30 September 2017
2017
2016
Note
£
£
Fixed assets
Intangible assets
5
136,667
156,667
Tangible assets
6
16,907
19,112
------------
------------
153,574
175,779
Current assets
Stocks
7
2,000
2,000
Debtors
8
141,137
83,536
Cash at bank and in hand
408,630
583,803
------------
------------
551,767
669,339
Creditors: amounts falling due within one year
9
( 482,964)
( 651,488)
------------
------------
Net current assets
68,803
17,851
------------
------------
Total assets less current liabilities
222,377
193,630
Provisions
Taxation including deferred tax
( 2,424)
( 2,900)
------------
------------
Net assets
219,953
190,730
------------
------------
Capital and reserves
Called up share capital
11
100
100
Profit and loss account
219,853
190,630
------------
------------
Members funds
219,953
190,730
------------
------------
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 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 January 2018 , and are signed on behalf of the board by:
Mr M S Hanson Director
Company registration number: 05156437
HANSON PROPERTY CONSULTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 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 83 Fitzwilliam Street, Huddersfield, HD1 5LG.
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 have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 15.
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.
Taxation
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.
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
-
20 years straight line
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
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 or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property alterations
-
terms of lease
Fixtures and fittings
-
20% reducing balance
Computer equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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 amounted to 8 (2016: 8 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2016 and 30 September 2017
400,000
------------
Amortisation
At 1 October 2016
243,333
Charge for the year
20,000
------------
At 30 September 2017
263,333
------------
Carrying amount
At 30 September 2017
136,667
------------
At 30 September 2016
156,667
------------
6. Tangible assets
Property alterations
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 October 2016
6,582
56,776
3,237
66,595
Additions
–
1,031
1,554
2,585
------------
------------
------------
------------
At 30 September 2017
6,582
57,807
4,791
69,180
------------
------------
------------
------------
Depreciation
At 1 October 2016
1,097
44,587
1,799
47,483
Charge for the year
550
2,644
1,596
4,790
------------
------------
------------
------------
At 30 September 2017
1,647
47,231
3,395
52,273
------------
------------
------------
------------
Carrying amount
At 30 September 2017
4,935
10,576
1,396
16,907
------------
------------
------------
------------
At 30 September 2016
5,485
12,189
1,438
19,112
------------
------------
------------
------------
7. Stocks
2017
2016
£
£
Stock of promotional materials
2,000
2,000
------------
------------
8. Debtors
2017
2016
£
£
Trade debtors
130,005
73,230
Prepayments and accrued income
11,116
9,853
Directors' loan accounts (note 13)
16
453
------------
------------
141,137
83,536
------------
------------
9. Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
4,848
14,326
Accruals and deferred income
8,005
12,548
Corporation tax
41,737
34,751
Social security and other taxes
38,771
40,063
Client monies
380,403
536,735
Director's loan account (note 14)
9,200
13,065
------------
------------
482,964
651,488
------------
------------
10. Deferred tax
The deferred tax included in the balance sheet is as follows:
2017
2016
£
£
Included in provisions
2,424
2,900
------------
------------
11. Called up share capital
Issued, called up and fully paid
2017
2016
No.
£
No.
£
A Ordinary shares of £ 1 each
55
55
55
55
B Ordinary shares of £ 1 each
20
20
20
20
C Ordinary shares of £ 1 each
25
25
25
25
------------
------------
------------
------------
100
100
100
100
------------
------------
------------
------------
The three classes of share rank pari passu in all material respects.
12. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2017
2016
£
£
Not later than 1 year
16,600
16,600
Later than 1 year and not later than 5 years
59,883
64,483
Later than 5 years
48,000
60,000
------------
------------
124,483
141,083
------------
------------
13. Directors' advances, credits and guarantees
Included in debtors is a loan to certain directors amounting to:
2017
£
Amount outstanding at end of year 16
Amount outstanding at beginning of year 453
Maximum amount outstanding during the year 453
14. Related party transactions
The directors' loan account of £9,200 (2016: £13,065) set out at creditors above is unsecured, repayable on demand and currently interest free. Included within debtors above is a balance due from certain directors of £16 (2016: £453). This amount has been repaid after the year end. The company is renting premises owned by a pension scheme of which certain directors are beneficiaries. The annual rent payable is currently £12,000.
15. Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.
No transitional adjustments were required in equity or profit or loss for the year.