Headland Technical Services Limited Accounts

HEADLAND TECHNICAL SERVICES LIMITED - Company Information






Headland Technical Services Limited
	Company No. 07008815
		Information for Filing with The Registrar
		30 September 2017

The Director presents his report and the accounts for the year ended 30 September 2017.

Principal activities
The principal activity of the company during the year under review was .




Director

The Director who served at any time during the year was as follows:

J. Skulczuk



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

J. Skulczuk
Director
11 January 2018

at	30 September 2017

Company No.		07008815	Notes	2017	2016
				£	£
Fixed assets

	Tangible assets		2	4,679	3,954

	Investments		3	49,285	26,511
				53,964	30,465
Current assets

	Debtors		4	12,375	8,505

	Cash at bank and in hand			108,378	101,549
				120,753	110,054
Creditors: Amount falling due within one year			5	(34,465)	(33,663)
Net current assets				86,288	76,391
Total assets less current liabilities				140,252	106,856




Net assets				140,252	106,856

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		6	140,152	106,756

Total equity				140,252	106,856


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 September 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 11 January 2018

And signed on its behalf by:

J. Skulczuk
Director
11 January 2018

for the year ended 30 September 2017

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

2	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 October 2016	3,181	7,818	10,999
		Additions	-	725	725



		At 30 September 2017	3,181	8,543	11,724
		Depreciation
		At 1 October 2016	2,313	4,732	7,045




		At 30 September 2017	2,313	4,732	7,045
		Net book values
		At 30 September 2017	868	3,811	4,679
		At 30 September 2016	868	3,086	3,954

3	Investments
			Other investments - Listed	Total
			£	£
		Cost or valuation
		At 1 October 2016	26,511	26,511
		Additions	22,774	22,774


		At 30 September 2017	49,285	49,285






		Net book values
		At 30 September 2017	49,285	49,285
		At 30 September 2016	26,511	26,511

4	Debtors
			2017	2016
			£	£
		Trade debtors	12,375	8,505







			12,375	8,505

5	Creditors:
		amounts falling due within one year
			2017	2016
			£	£






		Corporation tax	9,719	11,372
		Other taxes and social security	(642)	(320)
		Loans from directors	24,608	22,121

		Accruals and deferred income	780	490
			34,465	33,663

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

7	Dividends
			2017	2016
			£	£
		Dividends for the period:
		Dividends paid in the period	10,000	35,000

			10,000	35,000

		Dividends by type:

		Equity dividends	10,000	35,000
			10,000	35,000

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

07008815

Its registered office is:

123 Cross Lane East

Gravesend

Kent

DA12 5HA