HW Renewables Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07845440 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

HW Renewables Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

T Hagley

T Warman

SECRETARY:

T Warman

REGISTERED OFFICE:

99 Westmead Road

Sutton

Surrey

SM1 4HX

REGISTERED NUMBER:

07845440 (England and Wales)

ACCOUNTANTS:

Freshwater Associates Limited

99 Westmead Road

Sutton

Surrey

SM1 4HX

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

2,113

1,603

2,113

1,603

CURRENT ASSETS

Inventories

9,750

18,640

Debtors

6

509,789

300,407

Cash at bank

3,174

4,507

522,713

323,554

CREDITORS

Amounts falling due within one year

7

521,207

348,384

NET CURRENT ASSETS/(LIABILITIES)

1,506

(24,830

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,619

(23,227

)

PROVISIONS FOR LIABILITIES

401

321

NET ASSETS/(LIABILITIES)

3,218

(23,548

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

3,118

(23,648

)

SHAREHOLDERS' FUNDS

3,218

(23,548

)

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 24 October 2018 and were signed on its behalf by:

T Warman - Director

T Hagley - Director

1.	STATUTORY INFORMATION

HW Renewables Ltd 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 the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of Hagley & Warman Limited, has been

amortised evenly over its estimated useful life of 2 years.

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.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Inventories

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Hire purchase and leasing commitments

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 6 (2016 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

500

AMORTISATION

At 1 January 2017

and 31 December 2017

500

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2017

250

1,500

1,619

3,369

Additions

-

-

1,215

1,215

At 31 December 2017

250

1,500

2,834

4,584

DEPRECIATION

At 1 January 2017

147

885

734

1,766

Charge for year

26

154

525

705

At 31 December 2017

173

1,039

1,259

2,471

NET BOOK VALUE

At 31 December 2017

77

461

1,575

2,113

At 31 December 2016

103

615

885

1,603

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

276,355

57,761

Amounts recoverable on contract

183,000

136,500

Other debtors

50,434

106,146

509,789

300,407

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

20,999

21,206

Trade creditors

296,895

182,209

Taxation and social security

73,768

106,051

Other creditors

129,545

38,918

521,207

348,384

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

50

Ordinary

£1

50

50

50

B Ordinary

£1

50

50

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2017 and

31 December 2016:

2017

2016

£

£

T Hagley

Balance outstanding at start of year

33,901

3,260

Amounts advanced

-

53,073

Amounts repaid

(33,901

)

(22,432

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

33,901

T Warman

Balance outstanding at start of year

46,426

569

Amounts advanced

-

54,378

Amounts repaid

(38,860

)

(8,521

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,566

46,426

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2017 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Freshwater Associates Limited

99 Westmead Road

Sutton

Surrey

SM1 4HX

24 October 2018