Hygienex Limited - Accounts to registrar (filleted) - small 18.2

Hygienex Limited - Accounts to registrar (filleted) - small 18.2

HYGIENEX LTD - Company Information

Print Friendly Version

IRIS Accounts Production v18.2.0.360 06447301 Board of Directors Board of Directors 1.1.17 31.12.17 31.12.17 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure064473012016-12-31064473012017-12-31064473012017-01-012017-12-31064473012015-12-31064473012016-01-012016-12-31064473012016-12-3106447301ns15:EnglandWales2017-01-012017-12-3106447301ns14:PoundSterling2017-01-012017-12-3106447301ns10:Director12017-01-012017-12-3106447301ns10:Director22017-01-012017-12-3106447301ns10:PrivateLimitedCompanyLtd2017-01-012017-12-3106447301ns10:SmallEntities2017-01-012017-12-3106447301ns10:AuditExempt-NoAccountantsReport2017-01-012017-12-3106447301ns10:SmallCompaniesRegimeForDirectorsReport2017-01-012017-12-3106447301ns10:SmallCompaniesRegimeForAccounts2017-01-012017-12-3106447301ns10:AbridgedAccounts2017-01-012017-12-310644730112017-01-012017-12-3106447301ns10:RegisteredOffice2017-01-012017-12-3106447301ns5:CurrentFinancialInstruments2017-12-3106447301ns5:CurrentFinancialInstruments2016-12-3106447301ns5:Non-currentFinancialInstruments2017-12-3106447301ns5:Non-currentFinancialInstruments2016-12-3106447301ns5:ShareCapital2017-12-3106447301ns5:ShareCapital2016-12-3106447301ns5:CapitalRedemptionReserve2017-12-3106447301ns5:CapitalRedemptionReserve2016-12-3106447301ns5:RetainedEarningsAccumulatedLosses2017-12-3106447301ns5:RetainedEarningsAccumulatedLosses2016-12-3106447301ns5:IntangibleAssetsOtherThanGoodwill2017-01-012017-12-3106447301ns5:PatentsTrademarksLicencesConcessionsSimilar2017-01-012017-12-3106447301ns5:ComputerSoftware2017-01-012017-12-3106447301ns5:PlantMachinery2017-01-012017-12-3106447301ns5:MotorVehicles2017-01-012017-12-3106447301ns5:ComputerEquipment2017-01-012017-12-3106447301ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-12-3106447301ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-01-012017-12-3106447301ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-12-3106447301ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-12-3106447301ns5:Secured2017-12-3106447301ns5:Secured2016-12-31


REGISTERED NUMBER: 06447301 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Hygienex Limited
Hygienex Limited (Registered number: 06447301)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Hygienex Limited

Company Information
for the Year Ended 31 December 2017







DIRECTORS: S M Rice
K J Reed





REGISTERED OFFICE: Unit 4
Victoria Way
Pride Park
Derby
DE24 8AN





REGISTERED NUMBER: 06447301 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
3 Charnwood Street
Derby
Derbyshire
DE1 2GY
Page 1
Hygienex Limited (Registered number: 06447301)

Abridged Balance Sheet
31 December 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 58,800 12,600
Tangible assets 5 152,242 106,507
211,042 119,107

CURRENT ASSETS
Stocks 70,000 72,000
Debtors 413,017 213,801
Cash at bank and in hand 86,555 24,820
569,572 310,621
CREDITORS
Amounts falling due within one year 430,168 158,823
NET CURRENT ASSETS 139,404 151,798
TOTAL ASSETS LESS CURRENT
LIABILITIES
350,446
270,905

CREDITORS
Amounts falling due after more than one year (71,218 ) (21,710 )

PROVISIONS FOR LIABILITIES (15,863 ) (15,810 )
NET ASSETS 263,365 233,385

CAPITAL AND RESERVES
Called up share capital 699 699
Capital redemption reserve 301 301
Retained earnings 262,365 232,385
SHAREHOLDERS' FUNDS 263,365 233,385

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 notes form part of these financial statements

Page 2 continued...
Hygienex Limited (Registered number: 06447301)

Abridged Balance Sheet - continued
31 December 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 June 2018 and were signed on its behalf by:




S M Rice - Director



K J Reed - Director


The notes form part of these financial statements

Page 3
Hygienex Limited (Registered number: 06447301)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

Hygienex 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of ten years.

Software development costs is being amortised evenly over its estimated useful life of five years.

Software development costs
Software development costs have been capitalised and amortised once the products development has finished
and made available to the market.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment and tools - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

Page 4 continued...
Hygienex Limited (Registered number: 06447301)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 21 (2016 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2017 63,000
Additions 60,000
At 31 December 2017 123,000
AMORTISATION
At 1 January 2017 50,400
Amortisation for year 13,800
At 31 December 2017 64,200
NET BOOK VALUE

At 31 December 2017 58,800
At 31 December 2016 12,600

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2017 196,167
Additions 95,488
Disposals (19,250 )
At 31 December 2017 272,405
DEPRECIATION
At 1 January 2017 89,660
Charge for year 39,146
Eliminated on disposal (8,643 )
At 31 December 2017 120,163
NET BOOK VALUE
At 31 December 2017 152,242
At 31 December 2016 106,507

Page 5 continued...
Hygienex Limited (Registered number: 06447301)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2017 86,620
Additions 92,335
Disposals (19,250 )
Transfer to ownership (40,988 )
At 31 December 2017 118,717
DEPRECIATION
At 1 January 2017 31,184
Charge for year 29,578
Eliminated on disposal (8,643 )
Transfer to ownership (29,827 )
At 31 December 2017 22,292
NET BOOK VALUE
At 31 December 2017 96,425
At 31 December 2016 55,436

6. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 23,644 -
Hire purchase contracts 95,255 48,679
118,899 48,679

The National Westminster Bank plc hold a debenture over the company's assets dated 22 October 2009.

7. RELATED PARTY DISCLOSURES

The company operates a inter-company loan account with Blitz Hygiene Limited, which owns a property from
which the company trades.

During the year, rent totalling £6,000 was charged. At 31 December 2017, the company owed Blitz Hygiene
Limited £20,272.

8. ULTIMATE CONTROLLING PARTY

The controlling party is S M Rice.

Page 6