Hasmick Promotions Limited - Accounts to registrar (filleted) - small 17.3

Hasmick Promotions Limited - Accounts to registrar (filleted) - small 17.3

HASMICK PROMOTIONS LIMITED - Company Information

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REGISTERED NUMBER: 00849940 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

HASMICK PROMOTIONS LIMITED
HASMICK PROMOTIONS LIMITED (REGISTERED NUMBER: 00849940)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HASMICK PROMOTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







DIRECTORS: Mr C M Hazeldine
Mrs G Hazeldine





SECRETARY: Mrs G Hazeldine





REGISTERED OFFICE: Suite 2
Rutland House
44 Masons Hill
Bromley
Kent
BR2 9JG





REGISTERED NUMBER: 00849940 (England and Wales)





ACCOUNTANTS: Grugeon Reynolds Limited
Chartered Accountants
Rutland House
44 Masons Hill
Bromley
Kent
BR2 9JG
Page 1
HASMICK PROMOTIONS LIMITED (REGISTERED NUMBER: 00849940)

BALANCE SHEET
30 SEPTEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,014 27,890
Investments 5 35,796 38,417
62,810 66,307

CURRENT ASSETS
Stocks 51,157 62,535
Debtors 6 140,249 151,665
Cash at bank 689,489 641,563
880,895 855,763
CREDITORS
Amounts falling due within one year 7 473,599 441,774
NET CURRENT ASSETS 407,296 413,989
TOTAL ASSETS LESS CURRENT
LIABILITIES
470,106
480,296

PROVISIONS FOR LIABILITIES 3,763 4,625
NET ASSETS 466,343 475,671

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 456,343 465,671
SHAREHOLDERS' FUNDS 466,343 475,671

The notes form part of these financial statements

Page 2 continued...
HASMICK PROMOTIONS LIMITED (REGISTERED NUMBER: 00849940)

BALANCE SHEET - continued
30 SEPTEMBER 2017


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 6 February 2018 and were signed on its
behalf by:





Mr C M Hazeldine - Director


The notes form part of these financial statements

Page 3
HASMICK PROMOTIONS LIMITED (REGISTERED NUMBER: 00849940)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017


1. STATUTORY INFORMATION

Hasmick Promotions Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 30 September 2017 are the first that are prepared in
accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance
with UK GAAP, the date of transition to FRS 102 Section 1A is 1 October 2015.

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.
Furniture, fittings and plant - 25% on reducing balance, 15% on reducing balance and Straight line over 3 years

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.

Page 4 continued...
HASMICK PROMOTIONS LIMITED (REGISTERED NUMBER: 00849940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


2. ACCOUNTING POLICIES - continued

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 2 .

4. TANGIBLE FIXED ASSETS
Furniture,
fittings
and plant
£   
COST
At 1 October 2016 125,779
Additions 10,334
Disposals (14,795 )
At 30 September 2017 121,318
DEPRECIATION
At 1 October 2016 97,889
Charge for year 6,664
Eliminated on disposal (10,249 )
At 30 September 2017 94,304
NET BOOK VALUE
At 30 September 2017 27,014
At 30 September 2016 27,890

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2016 38,417
Disposals (2,621 )
At 30 September 2017 35,796
NET BOOK VALUE
At 30 September 2017 35,796
At 30 September 2016 38,417

Page 5 continued...
HASMICK PROMOTIONS LIMITED (REGISTERED NUMBER: 00849940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 63,578 71,585
Other debtors 76,671 80,080
140,249 151,665

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 400,092 378,817
Taxation and social security 66,495 53,715
Other creditors 7,012 9,242
473,599 441,774

8. OTHER FINANCIAL COMMITMENTS

The total amount of other financial commitments is £37,000.

Page 6