Hummingbird Heymaa Trading Limited - Period Ending 2017-07-31

Registration number: 05888346

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Hummingbird Heymaa Trading Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2017

Hummingbird Heymaa Trading Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Hummingbird Heymaa Trading Limited

Company Information

Director

Mr Thomas Christopher Hamar Chambers

Company secretary

Mr Alex Chambers

Registered office

42 Borough High Street London SE1 1XW

Accountants

Metric Accountants Ltd 32 Tavistock Street Covent Garden London WC2E 7PB

Page 1

Hummingbird Heymaa Trading Limited

(Registration number: 05888346)
Balance Sheet as at 31 July 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	670	1,083
Current assets
Debtors	5	38,733	15,761
Cash at bank and in hand		13,952	3,905
		52,685	19,666
Creditors: Amounts falling due within one year	6	(124,412)	(19,542)
Net current (liabilities)/assets		(71,727)	124
Total assets less current liabilities		(71,057)	1,207
Provisions for liabilities		(83)	(217)
Net (liabilities)/assets		(71,140)	990
Capital and reserves
Called up share capital		98	98
Profit and loss account		(71,238)	892
Total equity		(71,140)	990

For the financial year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director on 25 April 2018
 

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

Mr Thomas Christopher Hamar Chambers
Director

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

Hummingbird Heymaa Trading Limited

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

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
42 Borough High Street
London
SE1 1XW
England

These financial statements were authorised for issue by the director on 25 April 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.

Going concern

At 31 July 2017, the company had net liabilities. Despite this, the directors have confirmed that in their opinion the company will be able to meet its liabilities as they fall due for the foreseeable future (being a period not less than twelve months).

Consequently, the company is considered a going concern

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% straight line

Page 3

Hummingbird Heymaa Trading Limited

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

3	Staff numbers

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

Page 4

Hummingbird Heymaa Trading Limited

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

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 August 2016	5,662	5,662
At 31 July 2017	5,662	5,662
Depreciation
At 1 August 2016	4,579	4,579
Charge for the year	413	413
At 31 July 2017	4,992	4,992
Carrying amount
At 31 July 2017	670	670
At 31 July 2016	1,083	1,083

5

Debtors

	2017 £	2016 £
Trade debtors	150	-
Prepayments	1,308	-
Other debtors	37,275	15,761
	38,733	15,761

6

Creditors

Creditors: amounts falling due within one year

	Note	2017 £	2016 £
Due within one year
Loans and borrowings	7	14,359	14,359
Trade creditors		20,325	-
Taxation and social security		415	-
Accruals and deferred income		-	948
Other creditors		89,313	4,235
		124,412	19,542

Page 5

Hummingbird Heymaa Trading Limited

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

7	Loans and borrowings

	2017 £	2016 £
Current loans and borrowings
Other borrowings	14,359	14,359

8	Share capital

Allotted, called up and fully paid shares

	2017		2016
	No.	£	No.	£
Ordinary Shares of £1 each	98	98	98	98

9

Control

The company is controlled by the director, Mr Thomas Chambers.

Page 6