H.P.S. Target Rifles Ltd. - Accounts to registrar (filleted) - small 18.2
H.P.S. Target Rifles Ltd. - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2017 |
| for |
| H.P.S. Target Rifles Ltd. |
| H.P.S. Target Rifles Ltd. (Registered number: 03807238) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| H.P.S. Target Rifles Ltd. |
| Company Information |
| for the Year Ended 31 December 2017 |
| Directors: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| 19 High Street |
| Pershore |
| Worcestershire |
| WR10 1AA |
| H.P.S. Target Rifles Ltd. (Registered number: 03807238) |
| Balance Sheet |
| 31 December 2017 |
| 2017 | 2016 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings | 124,067 |
| 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. |
| 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 by: |
| H.P.S. Target Rifles Ltd. (Registered number: 03807238) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2017 |
| 1. | STATUTORY INFORMATION |
| H.P.S. Target Rifles Ltd. 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 represents the value of goods sold during the period net of value added tax. Turnover is recognised |
| when goods are physically delivered to the customer. |
| Invoiced deliveries are included in debtors. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all |
| costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and |
| condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and |
| slow-moving stock where appropriate. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the |
| current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax |
| rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial |
| statements of current and previous periods. It is recognised in respect of all timing differences, with certain |
| exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated |
| in the financial statements that arise from the inclusion of income and expense in tax assessments in periods |
| different from those in which they are recognised in the financial statements. 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. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the |
| balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued |
| non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that |
| apply to the sale of the asset. |
| Pension costs and other post-retirement benefits |
| When employees have rendered service to the company, short-term employee benefits to which the employees |
| are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The |
| company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as |
| they become payable. |
| H.P.S. Target Rifles Ltd. (Registered number: 03807238) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2017 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 January 2017 |
| Additions |
| At 31 December 2017 |
| Depreciation |
| At 1 January 2017 |
| Charge for year |
| At 31 December 2017 |
| Net book value |
| At 31 December 2017 |
| At 31 December 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Trade debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| as restated |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |