Haworths Financial Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05062508 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Haworths Financial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Schofield

P Spencer

J McGregor

SECRETARY:

M Schofield

REGISTERED OFFICE:

The Old Tannery

Eastgate

Accrington

Lancashire

BB5 6PW

REGISTERED NUMBER:

05062508 (England and Wales)

FIXED ASSETS

Intangible assets

5

-

5,796

Tangible assets

6

329

1,577

329

7,373

CURRENT ASSETS

Debtors

7

113,695

101,310

Cash at bank and in hand

80,424

54,719

194,119

156,029

CREDITORS

Amounts falling due within one year

8

139,074

113,450

NET CURRENT ASSETS

55,045

42,579

TOTAL ASSETS LESS CURRENT LIABILITIES

55,374

49,952

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

55,373

49,951

SHAREHOLDERS' FUNDS

55,374

49,952

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 26 September 2018 and were signed on its behalf by:

M Schofield - Director

P Spencer - Director

1.	STATUTORY INFORMATION

Haworths Financial Services Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been amortised

evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided on the following basis in order to write off the cost of each asset over its estimated

useful life:

Computer equipment - straight line basis over 3 years

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

140,000

AMORTISATION

At 1 April 2017

134,204

Charge for year

5,796

At 31 March 2018

140,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

5,796

6.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2017

and 31 March 2018

5,883

DEPRECIATION

At 1 April 2017

4,306

Charge for year

1,248

At 31 March 2018

5,554

NET BOOK VALUE

At 31 March 2018

329

At 31 March 2017

1,577

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

112,735

100,073

Other debtors

960

1,237

113,695

101,310

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

3,561

2,508

Taxation and social security

23,115

21,045

Other creditors

112,398

89,897

139,074

113,450

9.	CONTINGENT LIABILITIES

10.	OTHER FINANCIAL COMMITMENTS

At 31 March 2018 the company had total operating lease commitments of £21,249 (2017 - £5,786)