Nigel R. Hale and Associates Limited,Ltd - AccountsLtd - Accounts

Nigel R. Hale and Associates Limited,Ltd - AccountsLtd - Accounts


2016-09-01 03613563 2017-08-31 03613563 2016-09-01 2017-08-31 03613563 2016-08-31 03613563 2015-09-01 2016-08-31 03613563 uk-core:WithinOneYear 2016-08-31 03613563 uk-core:WithinOneYear 2017-08-31 03613563 uk-core:ShareCapital 2017-08-31 03613563 uk-core:ShareCapital 2016-08-31 03613563 uk-core:RetainedEarningsAccumulatedLosses 2017-08-31 03613563 uk-core:RetainedEarningsAccumulatedLosses 2016-08-31 03613563 uk-bus:Director1 2016-09-01 2017-08-31 03613563 uk-core:FurnitureFittings 2016-09-01 2017-08-31 03613563 uk-core:WithinOneYear 2017-08-31 03613563 uk-core:WithinOneYear 2016-08-31 iso4217:GBP 03613563 uk-bus:AuditExemptWithAccountantsReport 2016-09-01 2017-08-31 03613563 uk-bus:FRS102 2016-09-01 2017-08-31 03613563 uk-bus:FullAccounts 2016-09-01 2017-08-31 03613563 uk-bus:PrivateLimitedCompanyLtd 2016-09-01 2017-08-31
Nigel R. Hale and Associates Limited
Registered Number:03613563
For the year ended 31 August 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2017
Nigel R. Hale and Associates Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 August 2017
Nigel R. Hale and Associates Limited
Statement of Financial Position
Registered Number :
03613563
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
41,125
41,466
2
41,125
41,466
Current assets
Trade and other receivables
374,142
428,164
3
428,164
374,142
Trade and other payables: amounts falling due within one
year
(49,965)
(31,234)
4
324,177
396,930
Net current assets
Total assets less current liabilities
438,055
365,643
(7,800)
(8,300)
Provisions for liabilities
430,255
Net assets
357,343
Capital and reserves
Called up share capital
300
300
Retained earnings
429,955
357,043
430,255
357,343
Shareholders' funds
For the year ended 31 August 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr N.R. Hale Director
These financial statements were approved and authorised for issue by the Board on 18 May 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2017
Nigel R. Hale and Associates Limited
Notes to the Financial Statements
Statutory Information
Nigel R. Hale and Associates Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 03613563.
Registered address:
Omega Court
368 Cemetery Road
Sheffield
S11 8FT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
10% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 August 2017
Nigel R. Hale and Associates Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 September 2016
102,352
4,228
Additions
At 31 August 2017
106,580
Provision for depreciation and impairment
At 01 September 2016
60,886
Charge for year
4,569
At 31 August 2017
65,455
At 31 August 2017
Net book value
41,125
At 31 August 2016
41,466
3. Trade and other receivables
2016
2017
£
£
Trade debtors
64,636
52,193
Other debtors
363,528
321,949
374,142
428,164
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
3,496
9,290
Trade creditors
1,053
-
Taxation and social security
24,170
29,168
Other creditors
2,515
11,507
31,234
49,965
5. Related party transactions
The director, Mr N.R. Hale, is also a shareholder of the company. Dividends paid to Mr N.R. Hale, as director
and shareholder of the company, during the year (with the previous year shown in brackets), were £3,450
(£Nil).
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6
For the year ended 31 August 2017
Nigel R. Hale and Associates Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees
During the year, the Director's Current Account of N.R. Hale became overdrawn. The Director's Current
Account first became overdrawn in September 2016 by virtue of a loan provided by the company, which was
later followed by further loans. The maximum loan balance outstanding in the year was £363,528. The loan
balance outstanding at the year end was £363,528. Interest has been charged by the company on these loans.
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