HDG Financial Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08848340 (England and Wales)

HDG Financial Services Ltd

Unaudited Financial Statements for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C George

REGISTERED OFFICE:

1 The Grain Store 70 Weston Street

London

SE1 3QH

REGISTERED NUMBER:

08848340 (England and Wales)

FIXED ASSETS

Intangible assets

4

152,260

177,636

Tangible assets

5

-

561

152,260

178,197

CURRENT ASSETS

Debtors

6

35,000

-

Cash at bank

50,012

574

85,012

574

CREDITORS

Amounts falling due within one year

7

21,496

16,648

NET CURRENT ASSETS/(LIABILITIES)

63,516

(16,074

)

TOTAL ASSETS LESS CURRENT LIABILITIES

215,776

162,123

CREDITORS

Amounts falling due after more than one year

8

182,136

131,940

NET ASSETS

33,640

30,183

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

33,639

30,182

SHAREHOLDERS' FUNDS

33,640

30,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 October 2018 and were signed by:

C George - Director

1.	STATUTORY INFORMATION

HDG Financial Services 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 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.

Tangible fixed assets

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

253,766

AMORTISATION

At 1 April 2017

76,130

Amortisation for year

25,376

At 31 March 2018

101,506

NET BOOK VALUE

At 31 March 2018

152,260

At 31 March 2017

177,636

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2017

and 31 March 2018

2,246

DEPRECIATION

At 1 April 2017

1,685

Charge for year

561

At 31 March 2018

2,246

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

561

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Prepayments and accrued income

35,000

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

6,221

5,549

Tax

13,888

10,462

Other creditors

637

637

Accruals and deferred income

750

-

21,496

16,648

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Other creditors

182,136

131,940

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

1

Ordinary Shares

1

1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2017

30,182

Profit for the year

28,457

Dividends

(25,000

)

At 31 March 2018

33,639

11.	ULTIMATE CONTROLLING PARTY

The controlling party is C George.

The ultimate controlling party is C George.