Hampshire Accountancy & Taxation Services Ltd

Hampshire Accountancy & Taxation Services Ltd

HAMPSHIRE ACCOUNTANCY AND TAXATION SERVICES LIMITED - Company Information

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1 November 2016 false Taxfiler 2018.14.Web 09694713business:PrivateLimitedCompanyLtd2016-11-012017-10-31 096947132016-10-31 096947132016-11-012017-10-31 09694713business:AuditExemptWithAccountantsReport2016-11-012017-10-31 09694713business:FullAccounts2016-11-012017-10-31 096947132017-10-31 09694713business:Director12016-11-012017-10-31 09694713business:RegisteredOffice2016-11-012017-10-31 096947132016-10-31 09694713core:WithinOneYear2017-10-31 09694713core:WithinOneYear2016-10-31 09694713core:ShareCapital2017-10-31 09694713core:ShareCapital2016-10-31 09694713core:RetainedEarningsAccumulatedLosses2017-10-31 09694713core:RetainedEarningsAccumulatedLosses2016-10-31 09694713business:SmallEntities2016-11-012017-10-31 09694713countries:EnglandWales2016-11-012017-10-31 09694713core:Goodwill2016-10-31 09694713core:Goodwill2017-10-31 09694713core:Goodwill2016-11-012017-10-31 09694713core:FurnitureFittings2016-10-31 09694713core:FurnitureFittings2017-10-31 09694713core:FurnitureFittings2016-11-012017-10-31 09694713business:OrdinaryShareClass12016-11-012017-10-31 09694713business:OrdinaryShareClass12015-10-012016-10-31 09694713business:Director112016-11-012017-10-31 09694713business:Director112016-10-31 09694713business:Director112017-10-31 096947132015-10-012016-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09694713 (England and Wales)
Hampshire Accountancy & Taxation Services Ltd Unaudited accounts for the year ended 31 October 2017
Hampshire Accountancy & Taxation Services Ltd Unaudited accounts Contents
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Hampshire Accountancy & Taxation Services Ltd Company Information for the year ended 31 October 2017
Director
Chris Evans
Company Number
09694713 (England and Wales)
Registered Office
College Court 15 Bowen Lane Petersfield Hampshire GU31 4DR
Accountants
Hampshire Accountancy Services College Court 15 Bowen Lane Petersfield Hampshire GU31 4DR
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Hampshire Accountancy & Taxation Services Ltd Statement of financial position as at 31 October 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
75,834 
81,667 
Tangible assets
5
1,648 
2,197 
77,482 
83,864 
Current assets
Inventories
6
12,900 
12,000 
Debtors
7
25,797 
32,233 
Cash at bank and in hand
14,742 
3,151 
53,439 
47,384 
Creditors: amounts falling due within one year
8
(96,779)
(121,035)
Net current liabilities
(43,340)
(73,651)
Net assets
34,142 
10,213 
Capital and reserves
Called up share capital
9
1,000 
1,000 
Profit and loss account
33,142 
9,213 
Shareholders' funds
34,142 
10,213 
For the year ending 31 October 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 October 2018.
Chris Evans Director Company Registration No. 09694713
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Hampshire Accountancy & Taxation Services Ltd Notes to the Accounts for the year ended 31 October 2017
1
Statutory information
Hampshire Accountancy & Taxation Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 09694713. The registered office is College Court, 15 Bowen Lane, Petersfield, Hampshire, GU31 4DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Fixtures & Fittings - 25% Straight Line basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Purchased Goodwill - Amortised over 15 years
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Hampshire Accountancy & Taxation Services Ltd Notes to the Accounts for the year ended 31 October 2017
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2016
87,500 
At 31 October 2017
87,500 
Amortisation
At 1 November 2016
5,833 
Charge for the year
5,833 
At 31 October 2017
11,666 
Net book value
At 31 October 2017
75,834 
At 31 October 2016
81,667 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2016
2,930 
At 31 October 2017
2,930 
Depreciation
At 1 November 2016
733 
Charge for the year
549 
At 31 October 2017
1,282 
Net book value
At 31 October 2017
1,648 
At 31 October 2016
2,197 
6
Inventories
2017 
2016 
£ 
£ 
Finished goods
12,900 
12,000 
12,900 
12,000 
7
Debtors
2017 
2016 
£ 
£ 
Trade debtors
23,631 
25,665 
Accrued income and prepayments
2,166 
1,682 
Other debtors
- 
4,886 
25,797 
32,233 
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Hampshire Accountancy & Taxation Services Ltd Notes to the Accounts for the year ended 31 October 2017
8
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
2,564 
10,191 
Taxes and social security
13,622 
20,278 
Other creditors
- 
399 
Loans from directors
80,593 
90,167 
96,779 
121,035 
9
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Chris Evans
Loans
2,721 
- 
2,721 
- 
2,721 
- 
2,721 
- 
11
Average number of employees
During the year the average number of employees was 5 (2016: 5).
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