Hi-craft Ltd - Accounts


Hi-craft Ltd 08018979 Wholesale of General Petcraft false 1 January 2017 08018979 2017-01-01 2017-12-31 08018979 2016-12-31 08018979 2017-12-31 08018979 2016-01-01 2016-12-31 08018979 2015-12-31 08018979 2016-12-31 08018979 frs102-bus:FRS102 2017-01-01 2017-12-31 08018979 frs102-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 08018979 frs102-bus:FullAccounts 2017-01-01 2017-12-31 08018979 frs102-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 08018979 frs102-bus:LeadAgentIfApplicable 2017-01-01 2017-12-31 08018979 frs102-core:CurrentFinancialInstruments 2017-12-31 08018979 frs102-core:CurrentFinancialInstruments 2016-12-31 08018979 frs102-core:ShareCapital 2017-12-31 08018979 frs102-core:ShareCapital 2016-12-31 08018979 frs102-core:RetainedEarningsAccumulatedLosses 2017-12-31 08018979 frs102-core:RetainedEarningsAccumulatedLosses 2016-12-31 08018979 frs102-bus:Director1 2017-01-01 2017-12-31 08018979 frs102-bus:OrdinaryShareClass1 2017-12-31 08018979 frs102-bus:OrdinaryShareClass1 2016-12-31 08018979 frs102-bus:OrdinaryShareClass1 2017-01-01 2017-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
08018979
Hi-craft Ltd
Unaudited Accounts
for the year ended
31 December 2017

Hi-craft Ltd
Accountant's Report

Report to the directors on the preparation of the unaudited statutory accounts of Hi-craft Ltd for the year ended 31 December 2017.

In accordance with our terms of engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Hi Craft Ltd for the year ended 31st December 2017 from the accounting records and information and explanations you have given to us. This report is made to the company's board of directors, as a body, in accordance with the terms of our letter of engagement. Our work has been under taken so that we might compile the financial statements that we have been engaged to compile, report to the company's board of directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's board of directors, as a body, for our work or for this report. We have carried out this engagement in accordance with technical guidance issued by the Institute of Financial Accountants. You have acknowledged on the balance sheet for the year ended 31st December 2017 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements, and as such do not express any formal opinion on the financial statements.



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

Royce Cohen & Company
Accountants

193A Ashley Road,
Hale,
Altrincham,
Cheshire,
WA15 9SQ

14 September 2018


Hi-craft Ltd
Balance Sheet
as at 31 December 2017
Notes
2017
£
2016
£
Current assets
Stocks 65,905 4,424
Debtors 2 61,557 82,644
Cash at bank and in hand 23,209 48,741
150,671 135,809
Creditors: amounts falling due within one year 3 (92,308) (93,314)
Net current assets / (liabilities) 58,363 42,495
Total assets less current liabilities 58,363 42,495
Accruals and deferred income (3,000) (1,000)
Total net assets (liabilities) 55,363 41,495
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 55,263 41,395
Shareholders' funds 55,363 41,495

Hi-craft Ltd
Balance Sheet
as at 31 December 2017



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

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

Ms M Linton

Director


Approved by the board on 14 September 2018

Company Number: 08018979 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

193a Ashley Road
Hale
Altrincham
Cheshire
WA15 9SQ

Hi-craft Ltd
Notes to the Accounts
for the year ended 31 December 2017

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
2. Debtors
2017 2016
£ £
Trade debtors 61,557 82,644
61,557 82,644

3. Creditors: amounts falling due within one year
2017 2016
£ £
Bank Loans & Overdrafts 435 49,904
Trade creditors 14,272 30,818
Other creditors 77,601 12,592
92,308 93,314

4. Share capital
2017 2016
£ £
Allotted, called up and fully paid:
100 (2016: 100) Ordinary shares of £1.00 each 100 100
100 100