Hanson Property Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06722118 (England and Wales)

Unaudited Financial Statements

For The Year Ended

30 June 2017

for

HANSON PROPERTY SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTOR:

Mr G Hanson

SECRETARY:

Mrs L Hanson

REGISTERED OFFICE:

18 Weston Road

Runcorn

Cheshire

WA7 4JY

REGISTERED NUMBER:

06722118 (England and Wales)

ACCOUNTANTS:

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

FIXED ASSETS

Tangible assets

4

3,313

-

CURRENT ASSETS

Debtors

5

12,086

5,767

Cash at bank

27,151

22,834

39,237

28,601

CREDITORS

Amounts falling due within one year

6

40,072

14,039

NET CURRENT (LIABILITIES)/ASSETS

(835

)

14,562

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,478

14,562

PROVISIONS FOR LIABILITIES

663

-

NET ASSETS

1,815

14,562

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

1,715

14,462

SHAREHOLDERS' FUNDS

1,815

14,562

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 27 March 2018 and were signed by:

Mr G Hanson - Director

1.	STATUTORY INFORMATION

Hanson Property Services Ltd 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.

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.

These are the company's first accounts under FRS 102, Section 1A, with the date of transition being 1 July 2015.

There are no transitional or prior year adjustments affecting prior year's profit and equity and a result of the

transition to FRS 102.

Turnover

The company's policy of revenue recognition is to recognise a sale when the contractual obligations to the

customer have been fulfilled. For contracts where obligations to the customer have not been fulfilled, but have

been invoiced the sale is recognised within deferred income in current liabilities until such time a right to

consideration arises.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken with

the United Kingdom.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method.

Carrying amounts of fixed assets in the company's balance sheet are shown net of depreciation charges and,

where applicable, provisions for impairment. Residual values of fixed assets are calculated on prices prevailing

at the balance sheet date. Profits or losses on the disposal of fixed assets are included in the calculation of profit

for the period.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual

provisions of the financial instrument.

Debtors

Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated

irrecoverable amounts are recognised in the profit and loss account when there is objective evidence that the

asset is impaired. Prepayments do not meet the definition of a financial instrument.

Cash and cash equivalents

These comprise cash at bank and other short-term, highly liquid bank deposits with an original maturity of three

months or less.

Creditors

Trade creditors are not interest bearing and are stated at their nominal value. Amounts in respect of taxation,

social security and accrued expenses do not meet the definition of a financial instrument.

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. Deferred tax is calculated using timing difference plus approach.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

4,417

At 30 June 2017

4,417

DEPRECIATION

Charge for year

1,104

At 30 June 2017

1,104

NET BOOK VALUE

At 30 June 2017

3,313

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

Other debtors

9,802

5,667

Tax

2,184

-

Called up share capital not paid

100

12,086

5,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

Tax

-

7,279

VAT

38,652

6,152

Accrued expenses

1,420

608

40,072

14,039

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.17

30.6.16

£

Within one year

2,248

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Hanson Property Services Ltd for the year ended 30 June 2017 which comprise the Income

Statement, Balance Sheet, and the related notes 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/rulebook.

This report is made solely to the director of Hanson Property Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hanson Property Services Ltd and state those matters that we have agreed to state to the director of Hanson Property Services Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Hanson Property Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hanson Property Services Ltd. You consider that Hanson Property Services Ltd 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 financial statements of Hanson Property Services Ltd. 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 financial statements.

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

Date: .............................................

Hanson Property Services Ltd - Accounts to registrar (filleted) - small 17.3

Hanson Property Services Ltd - Accounts to registrar (filleted) - small 17.3