Hirds (Halifax) Limited - Accounts to registrar (filleted) - small 18.2
Hirds (Halifax) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2017 |
| for |
| Hirds (Halifax) Limited |
| Hirds (Halifax) Limited (Registered number: 08084128) |
| Contents of the Financial Statements |
| for the year ended 31 October 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 7 |
| Hirds (Halifax) Limited |
| Company Information |
| for the year ended 31 October 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 19 Trinity Square |
| Llandudno |
| CONWY |
| LL30 2RD |
| Hirds (Halifax) Limited (Registered number: 08084128) |
| Balance Sheet |
| 31 October 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Hirds (Halifax) Limited (Registered number: 08084128) |
| Balance Sheet - continued |
| 31 October 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Hirds (Halifax) Limited (Registered number: 08084128) |
| Notes to the Financial Statements |
| for the year ended 31 October 2017 |
| 1. | STATUTORY INFORMATION |
| Hirds (Halifax) Limited is a |
| 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 |
| 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 |
| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price |
| of the asset and the costs attributable to bringing the asset to its working condition for its intended use. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated |
| residual value, of each asset on a systematic basis over its expected useful life as follows: |
| The cost of land in freehold property is not depreciated. |
| Freehold property - 2% on cost |
| Long leasehold improvements - over 6 years |
| Share capital |
| Ordinary shares are classed as equity. |
| Short term debtors and creditors |
| Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising |
| from impairment are recognised in the profit and loss account. |
| Distributions to equity holders |
| Dividends are recognised as a liability in the financial statements in the period in which the dividends are |
| approved by the company's shareholders. These amounts are recognised in the statement of changes in equity. |
| Cash and cash equivalents |
| Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. |
| Loans and borrowings |
| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently |
| they are measure at amortised cost using the effective interest rate method, less impairment. |
| Hirds (Halifax) Limited (Registered number: 08084128) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Freehold |
| property |
| £ |
| COST |
| At 1 November 2016 |
| Additions |
| At 31 October 2017 |
| DEPRECIATION |
| At 1 November 2016 |
| Charge for year |
| At 31 October 2017 |
| NET BOOK VALUE |
| At 31 October 2017 |
| At 31 October 2016 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 348,334 | 395,000 |
| Hirds (Halifax) Limited (Registered number: 08084128) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2017 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| The bank loan is secured by way of a fixed and floating charge over the assets and undertaking of the company. |
| 8. | FIRST YEAR ADOPTION |
| For periods up to and including the year ended 31 October 2016, the company prepared its financial statements |
| in accordance with UK Generally Accepted Accounting Practice ("UK GAAP"). These financial statements for |
| the year ended 31 October 2017 are the first the Company has prepared in accordance with FRS102 Section 1A. |
| The Company's deemed transition date to FRS102 was 1 November 2015. No transitional differences were |
| noted. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Hirds (Halifax) Limited |
| The following reproduces the text of the report prepared for the directors 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 Directors 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 Hirds (Halifax) Limited for the year ended 31 October 2017 which comprise the Income |
| Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Hirds (Halifax) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hirds (Halifax) Limited and state those matters that we have agreed to state to the Board of Directors of Hirds (Halifax) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hirds (Halifax) Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Hirds (Halifax) Limited 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 profit of Hirds (Halifax) Limited. You consider that Hirds (Halifax) Limited 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 Hirds (Halifax) Limited. 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. |
| Chartered Accountants |
| 19 Trinity Square |
| Llandudno |
| CONWY |
| LL30 2RD |