HypnosCymru Limited - Period Ending 2017-05-31

Registration number: 07647908

HypnosCymru Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2017

D A Green & Sons
Chartered Certified Accountants
12 The Broadway
St. Ives
Cambridgeshire
PE27 5BN

HypnosCymru Limited

Contents

Company Information	1
Accountants' Report	2
Statement of Comprehensive Income	3
Balance Sheet	4
Statement of Changes in Equity	5
Notes to the Financial Statements	6 to 7

HypnosCymru Limited

Company Information

Directors

Mrs S McFadzean Mr W A McFadzean

Registered office

12 The Broadway St Ives Cambs PE27 5BN

Accountants

D A Green & Sons Chartered Certified Accountants 12 The Broadway St. Ives Cambridgeshire PE27 5BN

Page 1

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
HypnosCymru Limited
for the Year Ended 31 May 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HypnosCymru Limited for the year ended 31 May 2017 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of HypnosCymru Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of HypnosCymru Limited and state those matters that we have agreed to state to the Board of Directors of HypnosCymru Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HypnosCymru Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that HypnosCymru Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of HypnosCymru Limited. You consider that HypnosCymru Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of HypnosCymru Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

D A Green & Sons
Chartered Certified Accountants
12 The Broadway
St. Ives
Cambridgeshire
PE27 5BN

19 February 2018

Page 2

HypnosCymru Limited

Statement of Comprehensive Income for the Year Ended 31 May 2017

	Note	2017 £	2016 £
Profit for the year		28,814	54,678
Total comprehensive income for the year		28,814	54,678

The notes on pages 6 to 7 form an integral part of these financial statements.

Page 3

HypnosCymru Limited

(Registration number: 07647908)
Balance Sheet as at 31 May 2017

	Note	2017 £	2016 £
Current assets
Cash at bank and in hand		97,380	73,966
Creditors: Amounts falling due within one year	4	(11,410)	(16,810)
Net assets		85,970	57,156
Capital and reserves
Called up share capital		2	2
Profit and loss account		85,968	57,154
Total equity		85,970	57,156

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 February 2018 and signed on its behalf by:
 

.........................................

Mr W A McFadzean

Director

The notes on pages 6 to 7 form an integral part of these financial statements.

Page 4

HypnosCymru Limited

Statement of Changes in Equity for the Year Ended 31 May 2017

	Share capital £	Profit and loss account £	Total £
At 1 June 2016	2	57,154	57,156
Profit for the year	-	28,814	28,814
Total comprehensive income	-	28,814	28,814
At 31 May 2017	2	85,968	85,970

	Share capital £	Profit and loss account £	Total £
At 1 June 2015	2	2,476	2,478
Profit for the year	-	54,678	54,678
Total comprehensive income	-	54,678	54,678
At 31 May 2016	2	57,154	57,156

The notes on pages 6 to 7 form an integral part of these financial statements.

Page 5

HypnosCymru Limited

Notes to the Financial Statements for the Year Ended 31 May 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
12 The Broadway
St Ives
Cambs
PE27 5BN
England

These financial statements were authorised for issue by the Board on 19 February 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2016 - 2).

Page 6

HypnosCymru Limited

Notes to the Financial Statements for the Year Ended 31 May 2017

4

Creditors

	Note	2017 £	2016 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		3,906	2,841
Other creditors		7,504	13,969
		11,410	16,810

Page 7