Hughes Financial Analytics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02970736 (England and Wales)

HUGHES FINANCIAL ANALYTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs K G Refenes

Dr A Refenes

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

02970736 (England and Wales)

ACCOUNTANTS:

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Tangible assets

3

-

109

CURRENT ASSETS

Debtors

4

92,857

8,001

Cash at bank

187,008

75,489

279,865

83,490

CREDITORS

Amounts falling due within one year

5

205,288

33,634

NET CURRENT ASSETS

74,577

49,856

TOTAL ASSETS LESS CURRENT LIABILITIES

74,577

49,965

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

74,575

49,963

SHAREHOLDERS' FUNDS

74,577

49,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 27 September 2018 and were signed on its behalf by:

Dr A Refenes - Director

1.	STATUTORY INFORMATION

Hughes Financial Analytics 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.	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.

Turnover

Turnover represents gross fees receivable. Turnover is recognised on the earlier of the invoice or the receipt of

the funds relating thereto.

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

-

20% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2017

and 31 December 2017

6,360

DEPRECIATION

At 1 January 2017

6,251

Charge for year

109

At 31 December 2017

6,360

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

109

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

9,279

8,001

Directors' current accounts

81,120

-

VAT

2,458

-

92,857

8,001

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

190,861

8,521

Corporation tax

5,889

1,394

Other creditors

7,038

7,038

Directors' current accounts

-

15,481

Accrued expenses

1,500

1,200

205,288

33,634

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 January 2017

49,963

Profit for the year

24,612

At 31 December 2017

74,575

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director has an advance balance of £81,120 at the year end, which was repaid during the next nine months.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mrs K G Refenes, by virtue of holding 100 per cent of the ordinary

issued share capital.