Ashdown Hurrey Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09882189 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

ASHDOWN HURREY SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A Bradbury

J R Moore

T V J Rayner-Vincent

C W Read

S M Rosling

M N Weeks-Pearson

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

09882189 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

HASTINGS

East Sussex

TN34 1BP

FIXED ASSETS

Intangible assets

4

877,981

877,981

Tangible assets

5

42,758

62,146

920,739

940,127

CURRENT ASSETS

Debtors

6

1,194,197

1,004,736

Cash at bank and in hand

107,763

154,478

1,301,960

1,159,214

CREDITORS

Amounts falling due within one year

7

891,354

767,996

NET CURRENT ASSETS

410,606

391,218

TOTAL ASSETS LESS CURRENT LIABILITIES

1,331,345

1,331,345

CREDITORS

Amounts falling due after more than one year

8

1,122,173

1,226,609

NET ASSETS

209,172

104,736

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

208,872

104,436

209,172

104,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 2 August 2018 and were signed on its behalf by:

J R Moore - Director

1.	STATUTORY INFORMATION

Ashdown Hurrey Solutions 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do

not consider there to be any material uncertainties. As a result they have adopted the going concern basis of

accounting.

Turnover

Fee income represents revenue earned under a variety of contracts to provide professional services. Revenue is

recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange

for its performance under these contracts. It is measured at the fair value of the right to consideration, which

represents amounts chargeable to clients, including disbursements, but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the

partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual

of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included

in debtors 'amounts recoverable on contracts'.

Intangible assets

Intangible assets represent the cost of acquiring customer relationships including customer lists.

In the opinion of the directors the customer lists have an active market and have therefore adopted the

revaluation model of measurement. The directors have not applied amortisation as they believe the customer lists

have an indefinite useful economic life in that there is no foreseeable limit to the period over which the asset is

expected to generate net cash inflows for the company.

The valuation of the customer lists is reviewed regularly and at least every three years by the directors and

adjusted accordingly.

Intangible assets are reviewed for impairment in any period in which events or changes in circumstances indicate

the carrying value may not be fully recoverable.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2017 - 52 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

and 31 March 2018

877,981

NET BOOK VALUE

At 31 March 2018

877,981

At 31 March 2017

877,981

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

82,190

Additions

6,841

At 31 March 2018

89,031

DEPRECIATION

At 1 April 2017

20,044

Charge for year

26,229

At 31 March 2018

46,273

NET BOOK VALUE

At 31 March 2018

42,758

At 31 March 2017

62,146

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

534,243

437,354

Amounts recoverable on contract

558,153

463,663

Other debtors

101,801

103,719

1,194,197

1,004,736

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

35,039

40,819

Taxation and social security

342,831

290,390

Other creditors

513,484

436,787

891,354

767,996

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Other creditors

1,122,173

1,226,609

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Fixed loan capital

600,000

600,000

Repayable by instalments

Other loan

104,429

208,865

9.	LEASING AGREEMENTS

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

31.3.18

31.3.17

£

£

Between one and five years

163,500

218,000